Income Tax

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November 18, 2022

Sufficiency or veracity of ‘reason to suspect’ in case of a search isn’t a matter to review: HC

Case Details: Chandran Somasundaram v. … Continue reading “Sufficiency or veracity of ‘reason to suspect’ in case of a search isn’t a matter to review: HC”

News, Blog, Income Tax

November 18, 2022

[Opinion] A Gift for Relatives

Meenakshi Subramaniam – [2022] 144 … Continue reading “[Opinion] A Gift for Relatives”

Blog, News, Income Tax

November 17, 2022

[Opinion] Updated Return – A Close Study

V. K. Subramani – [2022] … Continue reading “[Opinion] Updated Return – A Close Study”

Blog, News, Income Tax

November 17, 2022

Sec. 194H TDS applicable on additional sum charged by agents over & above net fare of air tickets: SC

Case Details: Singapore Airlines Ltd. … Continue reading “Sec. 194H TDS applicable on additional sum charged by agents over & above net fare of air tickets: SC”

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November 16, 2022

No Sec. 69 additions in hands of director merely because Company used his PAN to purchase land: ITAT

Case Details: ITO v. Bhavin … Continue reading “No Sec. 69 additions in hands of director merely because Company used his PAN to purchase land: ITAT”

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November 16, 2022

Legal expenses incurred for directors can’t be treated as personal without examining outcome of proceedings

Case Details: Kalaignar TV (P.) … Continue reading “Legal expenses incurred for directors can’t be treated as personal without examining outcome of proceedings”

Blog, News, Income Tax

November 15, 2022

Estimating profit of 3% justified as net profit that prevails in diamond industry ranges b/w 1.5%-4.5%: ITAT

Case Details: Oopal Diamond v. … Continue reading “Estimating profit of 3% justified as net profit that prevails in diamond industry ranges b/w 1.5%-4.5%: ITAT”

Blog, News, Income Tax

November 15, 2022

Trust registration once granted can’t be cancelled based on same set of provisions that were examined earlier: HC

Case Details: Sri. Ramjanki Tapovan … Continue reading “Trust registration once granted can’t be cancelled based on same set of provisions that were examined earlier: HC”

Blog, News, Income Tax

November 11, 2022

Taxpayer may avail appeal remedy against section 148A(d) order to save writ costs

Section 148A process In the … Continue reading “Taxpayer may avail appeal remedy against section 148A(d) order to save writ costs”

Blog, News, Income Tax

November 10, 2022

[Opinion] Tax Function: Transformation from Compliance to Strategy

Pritin Kumar, Dilip Sutar & … Continue reading “[Opinion] Tax Function: Transformation from Compliance to Strategy”