Income Tax

Blog, News, Income Tax

February 6, 2023

LTCG not considered genuine if shares bought in cash kept in broker’s pool a/c until sale: ITAT

Case Details: Abhishek Gupta v. … Continue reading “LTCG not considered genuine if shares bought in cash kept in broker’s pool a/c until sale: ITAT”

Blog, News, Income Tax

February 3, 2023

AO can’t disregard TRC as it is sufficient evidence to claim treaty eligibility: Delhi HC

Case Details: Blackstone capital partners … Continue reading “AO can’t disregard TRC as it is sufficient evidence to claim treaty eligibility: Delhi HC”

Blog, Budget, Finance Act, Income Tax

March 21, 2023

[Download PDF] Copy of Finance Bill 2023

Today, Finance Minister Nirmala Sitharaman … Continue reading “[Download PDF] Copy of Finance Bill 2023”

Blog, Budget, Finance Act, Income Tax

July 24, 2024

Overview of Economic Survey for 2023-24 | Summary & Highlights

The Economic Survey is an … Continue reading “Overview of Economic Survey for 2023-24 | Summary & Highlights”

Blog, News, Income Tax

January 31, 2023

Expenses to get agreement with Ministry of Civil Aviation must be capitalized: HC

Case Details: Bangalore International Airport … Continue reading “Expenses to get agreement with Ministry of Civil Aviation must be capitalized: HC”

News, Blog, Income Tax

January 30, 2023

[Opinion] Problematic Situation – Tribunal’s Decision to Club Grounds of Appeal Draws Criticism

Gopal Nathani – [2023] 146 … Continue reading “[Opinion] Problematic Situation – Tribunal’s Decision to Club Grounds of Appeal Draws Criticism”

Blog, News, Income Tax

January 30, 2023

Income-tax Notice for a struck-off company valid if its name is restored by NCLT post-issuance: HC

Case Details: Ravinder Kumar Aggarwal … Continue reading “Income-tax Notice for a struck-off company valid if its name is restored by NCLT post-issuance: HC”

Blog, News, Income Tax

January 28, 2023

Sec. 41(1) can’t be used for liability against purchase of defective machinery that was never put to use: ITAT

Case Details: Marvelore Mining & … Continue reading “Sec. 41(1) can’t be used for liability against purchase of defective machinery that was never put to use: ITAT”

News, Blog, Income Tax

January 27, 2023

ITAT invokes MFN clause to give benefit of Article 12 of India-Italy treaty

Case Details: Koninklijke Philips N.V … Continue reading “ITAT invokes MFN clause to give benefit of Article 12 of India-Italy treaty”

Blog, News, Income Tax

January 25, 2023

No additions u/s 68 if assessee not connected to MoU found during search: HC

Case Details: PCIT v. Trilok … Continue reading “No additions u/s 68 if assessee not connected to MoU found during search: HC”