Income Tax

News, Blog, Income Tax

July 21, 2022

Sale of property reported by ‘Mahesh Bhupathi’ in ITR doesn’t absolve buyer’s liability to deduct tax u/s 195: ITAT

Case Details: Nitesh Estates Ltd. … Continue reading “Sale of property reported by ‘Mahesh Bhupathi’ in ITR doesn’t absolve buyer’s liability to deduct tax u/s 195: ITAT”

Blog, News, Income Tax

July 21, 2022

Pr. CCIT/CCIT to admit belated applications in Form nos. 9A, 10, 10B & 10BB: CBDT

Circulars 15 TO 17 OF … Continue reading “Pr. CCIT/CCIT to admit belated applications in Form nos. 9A, 10, 10B & 10BB: CBDT”

Blog, Income Tax

July 29, 2024

[FAQs] on Capital Gains – Definitions | Rules | Exemptions

Capital Gains refer to the … Continue reading “[FAQs] on Capital Gains – Definitions | Rules | Exemptions”

Blog, News, Income Tax

July 19, 2022

CBDT mandates e-filing of certain forms, returns & statements

Notification No. 03/2022, dated 16-07-2022 … Continue reading “CBDT mandates e-filing of certain forms, returns & statements”

Blog, News, Income Tax

July 19, 2022

No notional rental income if property remained vacant due to sealing drive conducted by Govt.: ITAT

Case Details: Kamal Kumar v. … Continue reading “No notional rental income if property remained vacant due to sealing drive conducted by Govt.: ITAT”

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”

Blog, News, Income Tax

December 24, 2024

[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”

News, Blog, 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”