Income Tax

Blog, News, Income Tax

November 25, 2022

[Opinion] Time to make Artificial Intelligence-Intelligent & Machine Learning-Learn

Mayank Mohanka – [2022] 145 … Continue reading “[Opinion] Time to make Artificial Intelligence-Intelligent & Machine Learning-Learn”

Blog, News, Income Tax

November 24, 2022

Assessee eligible to get interest on refund arising due to recomputation of income by AO: HC

Case Details: PCIT v. Punjab … Continue reading “Assessee eligible to get interest on refund arising due to recomputation of income by AO: HC”

Blog, News, Income Tax

November 24, 2022

[Opinion] ‘Accumulated Profits’ – The term that accumulates controversies!

Jatin Banka – [2022] 145 … Continue reading “[Opinion] ‘Accumulated Profits’ – The term that accumulates controversies!”

Blog, News, Income Tax

November 23, 2022

Tax Dept. conducts search on group engaged in business of gold & diamond jewellery and real estate

Press Release, dated 22-11-2022 The … Continue reading “Tax Dept. conducts search on group engaged in business of gold & diamond jewellery and real estate”

Blog, News, Income Tax

November 23, 2022

Sec. 43CA amendment on sale of immovable property has retro-effect

Case Details: Sai Bhargavanath Infra … Continue reading “Sec. 43CA amendment on sale of immovable property has retro-effect”

Blog, News, Income Tax

November 22, 2022

[Opinion] Whether assessee is entitled to Sec. 54 deduction if investment made by date of filing of revised ITR?

Mukesh Kohli – [2022] 145 … Continue reading “[Opinion] Whether assessee is entitled to Sec. 54 deduction if investment made by date of filing of revised ITR?”

News, Blog, Income Tax

November 22, 2022

Sec. 80-IB relief not available to assessee manufacturing polyurethane foam in diff. designs for car seats: SC

Case Details: Polyflex (India) (P.) … Continue reading “Sec. 80-IB relief not available to assessee manufacturing polyurethane foam in diff. designs for car seats: SC”

Blog, News, Income Tax

November 21, 2022

Investment made in construction of new house before sale of original asset is also eligible for Sec. 54F relief: HC

Case Details: Bindu Premanandh v. … Continue reading “Investment made in construction of new house before sale of original asset is also eligible for Sec. 54F relief: HC”

Blog, News, Income Tax

November 21, 2022

Corporate trainers/management consultants may avail 44AD lower tax presumptive scheme

Gopal Nathani – [2022] 145 … Continue reading “Corporate trainers/management consultants may avail 44AD lower tax presumptive scheme”

Blog, News, Income Tax

November 19, 2022

No deemed dividend if director deposited Co’s money in his own name to protect interest of Company: ITAT

Case Details: ACIT v. Anilkumar … Continue reading “No deemed dividend if director deposited Co’s money in his own name to protect interest of Company: ITAT”