Income Tax

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November 29, 2022

Assessee eligible for depreciation on ‘right’ acquired to collect toll on road constructed & maintained on BOT basis: ITAT

Case Details: DCIT v. Ashoka … Continue reading “Assessee eligible for depreciation on ‘right’ acquired to collect toll on road constructed & maintained on BOT basis: ITAT”

Blog, News, Income Tax

November 28, 2022

Delhi HC refers matter to larger bench to decide writ jurisdiction in faceless assessment if AO located outside Delhi

Case Details: GPL-RKTCPL JV v. … Continue reading “Delhi HC refers matter to larger bench to decide writ jurisdiction in faceless assessment if AO located outside Delhi”

Blog, News, Income Tax

November 28, 2022

[Opinion] Impact of Residency on the Tax Treatment of Transfer of VDA

Rohith K Rangan – [2022] … Continue reading “[Opinion] Impact of Residency on the Tax Treatment of Transfer of VDA”

Blog, News, Income Tax

November 26, 2022

In case of change of AO; proceedings are to be continued from stage at which they were left by earlier AO: SC

Case Details: DCIT Vs. Mastech … Continue reading “In case of change of AO; proceedings are to be continued from stage at which they were left by earlier AO: SC”

Blog, News, Income Tax

November 25, 2022

Advance received from prospective buyers consequent to JDA couldn’t be taxed as Sec. 2(47) isn’t attracted

Case Details: ACIT v. Sri … Continue reading “Advance received from prospective buyers consequent to JDA couldn’t be taxed as Sec. 2(47) isn’t attracted”

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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”

News, Blog, 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”

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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”