Income Tax

Blog, News, Income Tax

March 20, 2023

HC declares Circular 6/2016 on treating shares as stock-in-trade to have retroactive effect

Case Details: CIT v. Century … Continue reading “HC declares Circular 6/2016 on treating shares as stock-in-trade to have retroactive effect”

Blog, News, Income Tax

March 18, 2023

Incorrect claim made by assessee u/s 80G not a basis for invoking sec. 69A: ITAT

Case Details: Batuk Vithalabhai Donga … Continue reading “Incorrect claim made by assessee u/s 80G not a basis for invoking sec. 69A: ITAT”

Blog, News, Income Tax

March 17, 2023

No need to examine foreign laws while allowing Section 10(23C) claim: HC

Case Details: Laura Entwistle v. … Continue reading “No need to examine foreign laws while allowing Section 10(23C) claim: HC”

News, Blog, Income Tax

March 17, 2023

[Opinion] Tax on Gains on Transfer of Equity Shares & Mutual Funds for Individual

CA Pawan Singh – [2023] … Continue reading “[Opinion] Tax on Gains on Transfer of Equity Shares & Mutual Funds for Individual”

Blog, News, Income Tax

March 16, 2023

[Opinion] Enhanced Scope of Taxation for REITs/InvITs

Vishal Hakani & Neha Mehta … Continue reading “[Opinion] Enhanced Scope of Taxation for REITs/InvITs”

Blog, News, Income Tax

March 16, 2023

ITR can’t be treated as invalid until condonation of delay in furnishing ITR-V is pending: ITAT

Case Details: Anagha Vijay Deshmukh … Continue reading “ITR can’t be treated as invalid until condonation of delay in furnishing ITR-V is pending: ITAT”

Blog, News, Income Tax

March 15, 2023

68,000 Cases under e-Verification Scheme 2021: CBDT

Press Release, dated 13-03-2023 The … Continue reading “68,000 Cases under e-Verification Scheme 2021: CBDT”

Blog, News, Income Tax

March 15, 2023

Assessee can’t challenge Reassessment Orders via Writ unless contested on merits in appeal: HC

Case Details: Gopal Tukaram Bitode … Continue reading “Assessee can’t challenge Reassessment Orders via Writ unless contested on merits in appeal: HC”

Blog, News, Income Tax

March 14, 2023

Direct Tax collection for FY 2022-23 showed a growth of 22.58%: CBDT

PRESS RELEASE dated 11-03-2023 The … Continue reading “Direct Tax collection for FY 2022-23 showed a growth of 22.58%: CBDT”

News, Blog, Income Tax

March 14, 2023

Sec. 56(2)(viib) does not apply when shares are issued to current shareholders in proportion to existing holdings

Case Details: Chhattisgarh Metaliks and … Continue reading “Sec. 56(2)(viib) does not apply when shares are issued to current shareholders in proportion to existing holdings”