Income Tax

Blog, News, Income Tax

December 1, 2022

CBDT specifies income-tax authorities for the purpose of authorisation of survey u/s 133A

Order F.no. 282/15/2022-IT (inv.V) dated, … Continue reading “CBDT specifies income-tax authorities for the purpose of authorisation of survey u/s 133A”

Blog, News, Income Tax

December 1, 2022

Gold wastage during creation of ornaments can’t be treated as ‘making charges’

Case Details: P.R. Gold and … Continue reading “Gold wastage during creation of ornaments can’t be treated as ‘making charges’”

Blog, News, Income Tax

November 30, 2022

Sec. 263 revision initiated by CIT second time to cancelling non-existing original assessment order isn’t tenable: HC

Case Details: PCIT v. Padma … Continue reading “Sec. 263 revision initiated by CIT second time to cancelling non-existing original assessment order isn’t tenable: HC”

Blog, News, Income Tax

November 30, 2022

[Opinion] Audit Objections cannot be the sole basis for Revision u/s 263

Amit Kumar Gupta – [2022] … Continue reading “[Opinion] Audit Objections cannot be the sole basis for Revision u/s 263”

Blog, News, Income Tax

November 29, 2022

[Opinion] Succession Planning via Private Trust

Anjul Mathur & Deepak Sharma … Continue reading “[Opinion] Succession Planning via Private Trust”

Blog, News, Income Tax

November 29, 2022

Assessee eligible for depreciation on ‘right’ acquired to collect toll on road constructed & maintained on BOT basis: ITAT

Case Details: DCIT v. Ashoka … Continue reading “Assessee eligible for depreciation on ‘right’ acquired to collect toll on road constructed & maintained on BOT basis: ITAT”

Blog, News, Income Tax

November 28, 2022

Delhi HC refers matter to larger bench to decide writ jurisdiction in faceless assessment if AO located outside Delhi

Case Details: GPL-RKTCPL JV v. … Continue reading “Delhi HC refers matter to larger bench to decide writ jurisdiction in faceless assessment if AO located outside Delhi”

News, Blog, Income Tax

November 28, 2022

[Opinion] Impact of Residency on the Tax Treatment of Transfer of VDA

Rohith K Rangan – [2022] … Continue reading “[Opinion] Impact of Residency on the Tax Treatment of Transfer of VDA”

Blog, News, Income Tax

November 26, 2022

In case of change of AO; proceedings are to be continued from stage at which they were left by earlier AO: SC

Case Details: DCIT Vs. Mastech … Continue reading “In case of change of AO; proceedings are to be continued from stage at which they were left by earlier AO: SC”

Blog, News, Income Tax

November 25, 2022

Advance received from prospective buyers consequent to JDA couldn’t be taxed as Sec. 2(47) isn’t attracted

Case Details: ACIT v. Sri … Continue reading “Advance received from prospective buyers consequent to JDA couldn’t be taxed as Sec. 2(47) isn’t attracted”