Income Tax

Blog, News, Income Tax

January 20, 2023

No deduction for decrease in value of unlisted company investments: HC

Case Details: M/s Ashok Leyland … Continue reading “No deduction for decrease in value of unlisted company investments: HC”

News, Blog, Income Tax

January 20, 2023

Section 43B doesn’t apply to electricity duty payable to the State Government: HC

Case Details: PCIT v. Dakshin … Continue reading “Section 43B doesn’t apply to electricity duty payable to the State Government: HC”

Blog, News, Income Tax

January 19, 2023

CBDT’s guidelines for compounding offenses can’t restrict AO’s powers: HC

Case Details: Footcandles Film (P.) … Continue reading “CBDT’s guidelines for compounding offenses can’t restrict AO’s powers: HC”

Blog, News, Income Tax

January 19, 2023

[Opinion] Tale of two Retrospective Amendments

Every year, the announcement of … Continue reading “[Opinion] Tale of two Retrospective Amendments”

Blog, News, Income Tax

January 18, 2023

‘Water Corporation of Odisha Ltd.’ eligible for Income Tax immunity as ‘State’: ITAT

Case Details: WATCO v. CIT … Continue reading “‘Water Corporation of Odisha Ltd.’ eligible for Income Tax immunity as ‘State’: ITAT”

Blog, News, Income Tax

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)”

Blog, News, 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”

News, Blog, 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”

Blog, News, Income Tax

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”