Income Tax

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November 7, 2022

[Opinion] Opening of Pandora Box: Apex Court take on Charity & Educational Institutions

Navneet Singal – [2022] 144 … Continue reading “[Opinion] Opening of Pandora Box: Apex Court take on Charity & Educational Institutions”

Blog, News, Income Tax

November 5, 2022

SC clarifies applicability of its ruling on charitable trust; matters decided against Revenue are final

Case Details: ACIT v. Ahmedabad … Continue reading “SC clarifies applicability of its ruling on charitable trust; matters decided against Revenue are final”

Blog, News, Income Tax

November 5, 2022

Creditor has priority over ITD if lien was created by assessee in favour of such creditor: HC

Case Details: IFCI Factors Ltd. … Continue reading “Creditor has priority over ITD if lien was created by assessee in favour of such creditor: HC”

Blog, Income Tax

November 15, 2022

Income Tax Rates for Computation of Taxable Income | AY 2023-24

1. Introduction Income-tax Act, 1961 … Continue reading “Income Tax Rates for Computation of Taxable Income | AY 2023-24”

News, Blog, Income Tax

November 4, 2022

[Opinion] Applicability of section 43B for deductibility of employees’ contribution to PF/ESI

Mukesh Kohli – [2022] 144 … Continue reading “[Opinion] Applicability of section 43B for deductibility of employees’ contribution to PF/ESI”

Blog, News, Income Tax

November 4, 2022

HC applies ‘lifting of corporate veil’ to deny exemption to trust collecting capitation fees as donations

Case Details: CIT v. MAC … Continue reading “HC applies ‘lifting of corporate veil’ to deny exemption to trust collecting capitation fees as donations”

Blog, News, Income Tax

November 3, 2022

ITAT to apply decision of larger bench in case of conflicting decisions of non-jurisdictional HCs: ITAT

Case Details: Wockhardt Ltd. v. … Continue reading “ITAT to apply decision of larger bench in case of conflicting decisions of non-jurisdictional HCs: ITAT”

Blog, News, Income Tax

November 2, 2022

CBDT proposes common ITR by merging all existing forms

Notification F No 370133/16/2022-TPL, dated … Continue reading “CBDT proposes common ITR by merging all existing forms”

Blog, News, Income Tax

November 2, 2022

CBDT condones delay in filing of Form 10A which was required to be e-Filed by Mar 31, 2022

Circular no. 22/2022, dated 1-11-2022 … Continue reading “CBDT condones delay in filing of Form 10A which was required to be e-Filed by Mar 31, 2022”

Blog, News, Income Tax

November 2, 2022

CPC to allow claim of dep. indicated in P&L of ITR even if Schedule DEP isn’t filled up: ITAT

Case Details: Indauto Filters Vs … Continue reading “CPC to allow claim of dep. indicated in P&L of ITR even if Schedule DEP isn’t filled up: ITAT”