Income Tax

News, Blog, Income Tax

February 8, 2023

Amalgamated Company can’t set off loss u/s 72A if rejected by the AO: ITAT

Case Details: ACIT v. Hotel … Continue reading “Amalgamated Company can’t set off loss u/s 72A if rejected by the AO: ITAT”

Blog, News, Income Tax

February 8, 2023

4,861 ITRs filed by taxpayers under 18, gross taxes paid were Rs. 6.31 crores: CBDT

Press Release, dated 06-02-2023 The … Continue reading “4,861 ITRs filed by taxpayers under 18, gross taxes paid were Rs. 6.31 crores: CBDT”

Blog, News, Income Tax

February 7, 2023

AO can’t deny sec. 11 benefits to trust in case of capitation fee violation: HC

Case Details: Kammavari Sangham v. … Continue reading “AO can’t deny sec. 11 benefits to trust in case of capitation fee violation: HC”

Blog, News, Income Tax

February 7, 2023

[Opinion] Contribution made by employer to recognised PF in excess of 12% of the salary

Mukesh Kohli – [2023] 147 … Continue reading “[Opinion] Contribution made by employer to recognised PF in excess of 12% of the salary”

Blog, News, Income Tax

February 6, 2023

Trust received fee for training hotel employees, treated as business income u/s 11(4A): ITAT

Case Details: UMAK Education Trust … Continue reading “Trust received fee for training hotel employees, treated as business income u/s 11(4A): ITAT”

News, Blog, 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”