Income Tax

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December 24, 2022

Furnishing delivery challans and purchase bills sufficient to discharge burden of proof: HC

Case Details: PCIT v. Jagdish … Continue reading “Furnishing delivery challans and purchase bills sufficient to discharge burden of proof: HC”

Blog, News, Income Tax

December 23, 2022

HC grants relief to ‘Xiaomi’; set-asides provisional attachment made by AO

Case Details: Xiaomi Technology India … Continue reading “HC grants relief to ‘Xiaomi’; set-asides provisional attachment made by AO”

Blog, News, Income Tax

December 22, 2022

ICAI can initiate inquiry against PNB auditors in Nirav Modi Scam relying upon news reports: HC

Case Details: C.A. Sanjay Jain … Continue reading “ICAI can initiate inquiry against PNB auditors in Nirav Modi Scam relying upon news reports: HC”

Blog, News, Income Tax

December 22, 2022

CA certificate stating NIL dealings with party isn’t sufficient to drop SCN issued u/s 148A(b): HC

Case Details: Barbrik Projects Ltd. … Continue reading “CA certificate stating NIL dealings with party isn’t sufficient to drop SCN issued u/s 148A(b): HC”

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December 21, 2022

Recovery of bad debts of Companies that got merged is taxable u/s 41(1) in assessee’s hand: HC

Case Details: Sundaram Finance Ltd. … Continue reading “Recovery of bad debts of Companies that got merged is taxable u/s 41(1) in assessee’s hand: HC”

Blog, News, Income Tax

December 20, 2022

Private hospital turned into foundation not exempt from tax if it continues to function same way

Case Details: Fernandez Foundation v. … Continue reading “Private hospital turned into foundation not exempt from tax if it continues to function same way”

News, Blog, Income Tax

December 20, 2022

Gross Direct Tax collections for the FY 2022-23 show 25.90% growth: CBDT

Press Release, dated 18-12-2022 The … Continue reading “Gross Direct Tax collections for the FY 2022-23 show 25.90% growth: CBDT”

Blog, News, Income Tax

December 20, 2022

[Opinion] Doctrine of Legitimate Expectation: Meaning, Concept & its Application

CA Manoj Nahata – [2022] … Continue reading “[Opinion] Doctrine of Legitimate Expectation: Meaning, Concept & its Application”

Blog, News, Income Tax

December 19, 2022

No TDS liability on contractor for payment to port authorities for import clearance delay

Case Details: DCIT v. International … Continue reading “No TDS liability on contractor for payment to port authorities for import clearance delay”

Blog, News, Income Tax

July 13, 2023

[Opinion] Taxation of the virtual world (Metaverse & Web 3.0) in the real world

Navneet Singal – [2022] 145 … Continue reading “[Opinion] Taxation of the virtual world (Metaverse & Web 3.0) in the real world”