Income Tax

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September 13, 2022

Sec. 56(2)(viib) applicable only when issue & receipt of share consideration is in same AY: ITAT

Case Details: DCIT v. Rankin … Continue reading “Sec. 56(2)(viib) applicable only when issue & receipt of share consideration is in same AY: ITAT”

Blog, News, Income Tax

September 13, 2022

Gross Direct Tax collections for FY 2022-23 increased by 35.46%: CBDT

Press Release, dated 09-09-2022 The … Continue reading “Gross Direct Tax collections for FY 2022-23 increased by 35.46%: CBDT”

Blog, News, Income Tax

September 12, 2022

Service tax shall not be included in gross receipts of a foreign airline for computing presumptive income

Case Details: Cathay Pacific Airways … Continue reading “Service tax shall not be included in gross receipts of a foreign airline for computing presumptive income”

News, Blog, Income Tax

September 12, 2022

[Opinion] A Gift of Deduction for Pharmaceutical Companies

Nidhi Pathak & Aditya Vyas … Continue reading “[Opinion] A Gift of Deduction for Pharmaceutical Companies”

Blog, News, Income Tax

September 9, 2022

No question of law arises if ITAT held that gain on sale of agricultural land was taxable as business income: SC

Case Details: Sunil Bansal v. … Continue reading “No question of law arises if ITAT held that gain on sale of agricultural land was taxable as business income: SC”

Blog, News, Income Tax

September 9, 2022

Sec. 80-IA relief can’t be denied just because assessee was referred to as contractor

Case Details: Akash Infra Projects … Continue reading “Sec. 80-IA relief can’t be denied just because assessee was referred to as contractor”

News, Blog, Income Tax

September 21, 2022

[Opinion] Does ‘Tax Audit’ u/s 44AB apply to Business Income of Charitable Trusts?

Dr. Manoj Fogla, CA Suresh … Continue reading “[Opinion] Does ‘Tax Audit’ u/s 44AB apply to Business Income of Charitable Trusts?”

Blog, Income Tax

March 17, 2023

Income From Capital Gains – Capital Gain Tax

Table of Contents 1. What … Continue reading “Income From Capital Gains – Capital Gain Tax”

Blog, News, Income Tax

September 8, 2022

Order challenged on ground of non-compliance of Sec. 144B(9) dismissed: HC

Case Details: Sumeet Gems and … Continue reading “Order challenged on ground of non-compliance of Sec. 144B(9) dismissed: HC”

Blog, News, Income Tax

September 7, 2022

An assessee declared insolvent is entitled to waiver of interest & penalty levied on non-payment of tax: HC

Case Details: Mrs. T.R. Bhuvaneswari … Continue reading “An assessee declared insolvent is entitled to waiver of interest & penalty levied on non-payment of tax: HC”