Income Tax

Blog, Income Tax

December 8, 2022

Definitions under the Income Tax Act

Table of Contents: 1. Definition … Continue reading “Definitions under the Income Tax Act”

Blog, Income Tax

July 18, 2024

Basic Concepts of Income Tax

Table of Contents: 1. Income … Continue reading “Basic Concepts of Income Tax”

Blog, News, Income Tax

November 1, 2022

[Opinion] Appointment of Vice Presidents of the Income Tax Appellate Tribunal – Confusion Galore

Ajay Wadhwa & Aayushi Gupta … Continue reading “[Opinion] Appointment of Vice Presidents of the Income Tax Appellate Tribunal – Confusion Galore”

Blog, News, Income Tax

November 1, 2022

Farming on leased land ipso facto isn’t ‘contract farming’: ITAT

Case Details: Profarm Seed India … Continue reading “Farming on leased land ipso facto isn’t ‘contract farming’: ITAT”

News, Blog, Income Tax

October 31, 2022

[Opinion] Is TDS attracted on interest component included in compensation awarded by Motor Accidents Claims Tribunal?

V. K. Subramani – [2022] … Continue reading “[Opinion] Is TDS attracted on interest component included in compensation awarded by Motor Accidents Claims Tribunal?”

Blog, News, Income Tax

October 31, 2022

Sec. 143(1) adjustment is to be made even if tax is deducted on entire ‘sum’ appearing in Form 26AS: ITAT

Case Details: Swati Dyaneshwar Husukale … Continue reading “Sec. 143(1) adjustment is to be made even if tax is deducted on entire ‘sum’ appearing in Form 26AS: ITAT”

Blog, News, Income Tax

October 29, 2022

Govt. should bring a mechanism to collect tax dues on sale of securitized assets by banks: ITAT

Case Details: Abbasbhai A. Upletawala … Continue reading “Govt. should bring a mechanism to collect tax dues on sale of securitized assets by banks: ITAT”

News, Blog, Income Tax

October 28, 2022

Monetary limit fixed for assessment to be done by ACIT won’t preclude jurisdictional AO to initiate reassessment: HC

Case Details: Shivaaditiya Jems And … Continue reading “Monetary limit fixed for assessment to be done by ACIT won’t preclude jurisdictional AO to initiate reassessment: HC”

Blog, News, Income Tax

October 28, 2022

CBDT extends due date of furnishing ITR for AY 2022-23

Circular no 20/2022, dated 26-10-2022 … Continue reading “CBDT extends due date of furnishing ITR for AY 2022-23”

Blog, News, Income Tax

October 27, 2022

ITAT rejects assessee’s story of getting credit from fabric sellers of unknown location

Case Details: ITO v. Solid … Continue reading “ITAT rejects assessee’s story of getting credit from fabric sellers of unknown location”