Income Tax

Blog, News, Income Tax

June 14, 2022

CBDT notifies new units under Faceless Assessment

Notification F.No. 187/4/2021-ITA-I, dated 10-06-2022 … Continue reading “CBDT notifies new units under Faceless Assessment”

Blog, News, Income Tax

June 14, 2022

AO has power to levy penalty in a remanded back case: HC

Case Details: Mallelil Industries (P.) … Continue reading “AO has power to levy penalty in a remanded back case: HC”

Blog, News, Income Tax

June 13, 2022

CBDT revises procedures laid down for sharing info. with tax deductors/collectors

Notification no. 1 of 2022, … Continue reading “CBDT revises procedures laid down for sharing info. with tax deductors/collectors”

News, Blog, Income Tax

June 13, 2022

Provisions of sec. 40A(3) not applicable if assessee made cash payment for purchase of stock-in-trade: ITAT

Case Details: Vikrant Happy Homes … Continue reading “Provisions of sec. 40A(3) not applicable if assessee made cash payment for purchase of stock-in-trade: ITAT”

Blog, News, Income Tax

June 10, 2022

New Scheme of Reassessment – Good Intent, Faulty Implementation

Sachin Garg & Sidharth Sipani … Continue reading “New Scheme of Reassessment – Good Intent, Faulty Implementation”

News, Blog, Income Tax

June 9, 2022

Making wrong claim in ITR can’t be equated with concealment of income

Case Details: Pawan Garg v. … Continue reading “Making wrong claim in ITR can’t be equated with concealment of income”

Blog, News, Income Tax

June 9, 2022

[Opinion] Section 148A reforms

Gopal Nathani & Raji Nathani … Continue reading “[Opinion] Section 148A reforms”

Blog, News, Income Tax

June 8, 2022

[IFSC] Govt. notifies Sec. 9A conditions not applicable for eligible investment fund

Notification No. 59/2022, dated 06-06-2022 … Continue reading “[IFSC] Govt. notifies Sec. 9A conditions not applicable for eligible investment fund”

Blog, News, Income Tax

June 8, 2022

Dept. has power to take possession over assets which were never disclosed to tax authority: HC

Case Details: Jahar Singh Gurjar … Continue reading “Dept. has power to take possession over assets which were never disclosed to tax authority: HC”

Blog, News, Income Tax

June 7, 2022

CBDT revises guidelines for compulsory selection of ITRs for Scrutiny

Notification no. 225/81/2022/ITA-II, dated 03-06-2022 … Continue reading “CBDT revises guidelines for compulsory selection of ITRs for Scrutiny”