Income Tax

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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”

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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”

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January 25, 2023

[Opinion] Taxability of Alleged Bogus Purchases

Mukesh Kohli – [2023] 146 … Continue reading “[Opinion] Taxability of Alleged Bogus Purchases”

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January 24, 2023

AO must consider valuation report if matter was referred to DVO before completing assessment: ITAT

Case Details: Sudalaimani Palanivelrajan v. … Continue reading “AO must consider valuation report if matter was referred to DVO before completing assessment: ITAT”

Blog, Income Tax

October 25, 2023

Income Tax on House Property: Frequently Asked Questions (FAQs)

Table of contents Introduction Deductions … Continue reading “Income Tax on House Property: Frequently Asked Questions (FAQs)”

Blog, News, Income Tax

January 23, 2023

SC nullifies order for special audit u/s 142(2A) as order approving audit wasn’t communicated to assessee

Case Details: Rajiv Gandhi Proudyogiki … Continue reading “SC nullifies order for special audit u/s 142(2A) as order approving audit wasn’t communicated to assessee”

Blog, News, Income Tax

January 23, 2023

[Opinion] Is it possible to claim cost of land acquired prior to sale of capital asset for exemption u/s 54/54F?

It may surprise that capital … Continue reading “[Opinion] Is it possible to claim cost of land acquired prior to sale of capital asset for exemption u/s 54/54F?”