Income Tax

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January 17, 2023

SC ends discrimination against Sikkimese woman marrying a non-Sikkimese; struck down proviso to Sec. 10(26AAA)

Case Details: Association of Old … Continue reading “SC ends discrimination against Sikkimese woman marrying a non-Sikkimese; struck down proviso to Sec. 10(26AAA)”

News, Blog, Income Tax

January 16, 2023

Assessee can’t claim denial of hearing opportunity if she elected not to furnish info. as required by AO: HC

Case Details: Saroj Chandna v. … Continue reading “Assessee can’t claim denial of hearing opportunity if she elected not to furnish info. as required by AO: HC”

Blog, News, Income Tax

January 13, 2023

Revenue can’t retain TDS; credit is to be given to deductee or person with assessable income: ITAT

Case Details: Hampi Expressways (P.) … Continue reading “Revenue can’t retain TDS; credit is to be given to deductee or person with assessable income: ITAT”

Blog, News, Income Tax

January 13, 2023

Direct Tax Collections for F.Y. 2022-23 up to 10-01-2023 show 24.58% growth: CBDT

Press Release, dated 11-01-2023 The … Continue reading “Direct Tax Collections for F.Y. 2022-23 up to 10-01-2023 show 24.58% growth: CBDT”

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January 12, 2023

Calcutta HC upholds transfer of case u/s 127 of ex-CM of MP “Kamal Nath” from Calcutta to Delhi

Case Details: Kamal Nath v. … Continue reading “Calcutta HC upholds transfer of case u/s 127 of ex-CM of MP “Kamal Nath” from Calcutta to Delhi”

Blog, News, Income Tax

January 11, 2023

CBDT removed limit of Rs. 5,000 for submission of SFT in relation to interest income

Notification no. 1 of 2023, … Continue reading “CBDT removed limit of Rs. 5,000 for submission of SFT in relation to interest income”

Blog, News, Income Tax

January 10, 2023

CIT can look into report of ‘Directorate of Vigilance & Anti-Corruption’ to invoke Sec. 263: HC

Case Details: CIT v. N. … Continue reading “CIT can look into report of ‘Directorate of Vigilance & Anti-Corruption’ to invoke Sec. 263: HC”

Blog, News, Income Tax

January 10, 2023

[Opinion] FAQs on Revision of Orders Prejudicial to Revenue

Section 263 enables the Commissioner … Continue reading “[Opinion] FAQs on Revision of Orders Prejudicial to Revenue”

News, Blog, Income Tax

January 9, 2023

CBDT extends deadline to comply with Sec. 54 to 54GB provisions

Circular No 1 of 2023 … Continue reading “CBDT extends deadline to comply with Sec. 54 to 54GB provisions”

Blog, News, Income Tax

January 9, 2023

ITAT criticizes AO for ordering special audit just to get an extension of time to pass assessment order

Case Details: Rajiv Kumar v. … Continue reading “ITAT criticizes AO for ordering special audit just to get an extension of time to pass assessment order”