Income Tax

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August 31, 2022

Notice issued u/s 148A(b) with a questionnaire is treated as a notice of enquiry u/s 148A(a)

Case Details: Swal Ltd. v. … Continue reading “Notice issued u/s 148A(b) with a questionnaire is treated as a notice of enquiry u/s 148A(a)”

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August 30, 2022

Date of receiving SCN & holidays to be excluded while computing 7 days period to give response u/s 148A: HC

Case Details: Girdhar Gopal Dalmia … Continue reading “Date of receiving SCN & holidays to be excluded while computing 7 days period to give response u/s 148A: HC”

Blog, News, Income Tax

August 30, 2022

Sec. 14A amendments with wording ‘for removal of doubts’ cannot be presumed to have retrospective effect: HC

Case Details: PCIT (Central) v. … Continue reading “Sec. 14A amendments with wording ‘for removal of doubts’ cannot be presumed to have retrospective effect: HC”

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August 29, 2022

Reassessment notice issued for wrong AY can’t be corrected: HC

Case Details: Infineon Technologies AG … Continue reading “Reassessment notice issued for wrong AY can’t be corrected: HC”

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August 29, 2022

Absence of PAN in confirmation letters of donors won’t give rise to suspicion: ITAT

Case Details: ACIT v. Siddhartha … Continue reading “Absence of PAN in confirmation letters of donors won’t give rise to suspicion: ITAT”

News, Blog, Income Tax

August 27, 2022

Sum paid to party allowable as bad debts only if it was lent in ordinary course of money lending business: SC

Case Details: PCIT v. Khyati … Continue reading “Sum paid to party allowable as bad debts only if it was lent in ordinary course of money lending business: SC”

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August 27, 2022

[Opinion] Section 194R – A Jigsaw Puzzle

Sachin Garg & Sidharth Sipani … Continue reading “[Opinion] Section 194R – A Jigsaw Puzzle”

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August 26, 2022

Trust can’t use remaining income in any manner if it had spent 85% of receipts for charitable purposes: ITAT

Case Details: Indian Golf Union … Continue reading “Trust can’t use remaining income in any manner if it had spent 85% of receipts for charitable purposes: ITAT”

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August 26, 2022

CBDT notifies ‘Andhra Pradesh Pollution Control Board’ for exemption u/s 10(46)

Notification 103/2022, dated 24-08-2022 The … Continue reading “CBDT notifies ‘Andhra Pradesh Pollution Control Board’ for exemption u/s 10(46)”

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August 25, 2022

Income Tax department conducts search operations in Gujarat

Press Release, dated 23-08-2022 The … Continue reading “Income Tax department conducts search operations in Gujarat”