Income Tax

Blog, News, Income Tax

December 29, 2022

Sum paid for ‘Red Hat Subscription’ to obtain support services can’t be held as FTS: ITAT

Case Details: Red Hat India … Continue reading “Sum paid for ‘Red Hat Subscription’ to obtain support services can’t be held as FTS: ITAT”

Blog, News, Income Tax

December 28, 2022

[Opinion] Charitable Purpose – Relief of the Poor (ROP)

CA Naresh Kumar Kabra & … Continue reading “[Opinion] Charitable Purpose – Relief of the Poor (ROP)”

Blog, News, Income Tax

December 27, 2022

[Opinion] Charitable Trust – Managing Application of Income on Actual Payment Basis

CA Naresh Kumar Kabra & … Continue reading “[Opinion] Charitable Trust – Managing Application of Income on Actual Payment Basis”

Blog, News, Income Tax

December 27, 2022

AO can’t proceed u/s 179 if non-recovery of demand not due to director’s negligence: HC

Case Details: Devendra Babulal Jain … Continue reading “AO can’t proceed u/s 179 if non-recovery of demand not due to director’s negligence: HC”

Blog, News, Income Tax

December 26, 2022

Repeal of Sec. 144B(9) by FA 2022 with retrospective effect isn’t unconstitutional: HC

Case Details: Sapna Flour Mills … Continue reading “Repeal of Sec. 144B(9) by FA 2022 with retrospective effect isn’t unconstitutional: HC”

News, Blog, Income Tax

December 24, 2022

Furnishing delivery challans and purchase bills sufficient to discharge burden of proof: HC

Case Details: PCIT v. Jagdish … Continue reading “Furnishing delivery challans and purchase bills sufficient to discharge burden of proof: HC”

Blog, News, Income Tax

December 23, 2022

HC grants relief to ‘Xiaomi’; set-asides provisional attachment made by AO

Case Details: Xiaomi Technology India … Continue reading “HC grants relief to ‘Xiaomi’; set-asides provisional attachment made by AO”

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December 22, 2022

ICAI can initiate inquiry against PNB auditors in Nirav Modi Scam relying upon news reports: HC

Case Details: C.A. Sanjay Jain … Continue reading “ICAI can initiate inquiry against PNB auditors in Nirav Modi Scam relying upon news reports: HC”

Blog, News, Income Tax

December 22, 2022

CA certificate stating NIL dealings with party isn’t sufficient to drop SCN issued u/s 148A(b): HC

Case Details: Barbrik Projects Ltd. … Continue reading “CA certificate stating NIL dealings with party isn’t sufficient to drop SCN issued u/s 148A(b): HC”

Blog, News, Income Tax

December 21, 2022

Recovery of bad debts of Companies that got merged is taxable u/s 41(1) in assessee’s hand: HC

Case Details: Sundaram Finance Ltd. … Continue reading “Recovery of bad debts of Companies that got merged is taxable u/s 41(1) in assessee’s hand: HC”