Income Tax

Blog, News, Income Tax

July 18, 2022

Exp. incurred for acquisition of land on behalf of Govt. while executing project can’t be treated as capital exp.: ITAT

Case Details: DCIT v. National … Continue reading “Exp. incurred for acquisition of land on behalf of Govt. while executing project can’t be treated as capital exp.: ITAT”

News, Blog, Income Tax

September 26, 2022

[Opinion] Controversy between setting up of the business & commencement of business

Mukesh Kohli – [2022] 140 … Continue reading “[Opinion] Controversy between setting up of the business & commencement of business”

Blog, News, Income Tax

July 16, 2022

[Opinion] Supreme Court: Exemption Provisions to be Strictly Construed

Rohan Sogani – [2022] 140 … Continue reading “[Opinion] Supreme Court: Exemption Provisions to be Strictly Construed”

Blog, News, Income Tax

July 16, 2022

Co. should be engaged in money lending business isn’t a criterion to allow claim of bad debts: ITAT

Case Details: Pranava Electronics (P.) … Continue reading “Co. should be engaged in money lending business isn’t a criterion to allow claim of bad debts: ITAT”

Blog, News, Income Tax

July 15, 2022

Sufficiency of reasons to believe cannot be examined while considering validity search: SC

Case Details: PCIT (Investigation) v. … Continue reading “Sufficiency of reasons to believe cannot be examined while considering validity search: SC”

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July 14, 2022

CBDT notifies Form 8A to defer filing of appeal on identical issues

Notification No. 83/2022, dated 12-07-2022 … Continue reading “CBDT notifies Form 8A to defer filing of appeal on identical issues”

Blog, News, Income Tax

July 14, 2022

Tax Department conducted searches on 2 business groups in Tamil Nadu

Press Release, dated 12-07-2022 The … Continue reading “Tax Department conducted searches on 2 business groups in Tamil Nadu”

News, Blog, Income Tax

July 13, 2022

CBDT standardizes process for approval of Electoral Trust

Notification No. 173/62/2022-ITA-1, dated 11-07-2022 … Continue reading “CBDT standardizes process for approval of Electoral Trust”

Blog, News, Income Tax

July 13, 2022

Revised ITR can’t be filed to convert original return into loss return in absence of any mistake: SC

Case Details: PCIT v. Wipro … Continue reading “Revised ITR can’t be filed to convert original return into loss return in absence of any mistake: SC”

Blog, News, Income Tax

July 12, 2022

CBDT notifies ‘other condition’ to be fulfilled by ‘original fund’ claiming benefit of Sec. 47(viiad)

Notification No. 80/2022, dated 08-07-2022 … Continue reading “CBDT notifies ‘other condition’ to be fulfilled by ‘original fund’ claiming benefit of Sec. 47(viiad)”