Income Tax

Blog, News, Income Tax

June 7, 2022

Charges paid regularizing usage of residential unit for commercial purposes isn’t tax for Sec. 23(1) deduction: ITAT

Case Details: Amar Chand Garg … Continue reading “Charges paid regularizing usage of residential unit for commercial purposes isn’t tax for Sec. 23(1) deduction: ITAT”

Blog, News, Income Tax

June 6, 2022

Central Govt. approves 8.10% interest rate on PF deposits for year 2021-2022

Notification no. INV-11/2/2021—INV/4670, dated 03-06-2022 … Continue reading “Central Govt. approves 8.10% interest rate on PF deposits for year 2021-2022”

Blog, News, Income Tax

June 6, 2022

Premium paid over 20% of sum assured can’t be part of COA: ITAT

Case Details: Bishista Bagchi v. … Continue reading “Premium paid over 20% of sum assured can’t be part of COA: ITAT”

Blog, News, Income Tax

June 4, 2022

CBDT issues clarifications on Form 10AC (Registration of Trusts & Institutions)

Circular no. 11/2022, dated 03-06-2022 … Continue reading “CBDT issues clarifications on Form 10AC (Registration of Trusts & Institutions)”

Blog, News, Income Tax

June 4, 2022

Separate legal entities sharing common address didn’t make them sham companies: HC

Case Details: PCIT v. Surya … Continue reading “Separate legal entities sharing common address didn’t make them sham companies: HC”

Blog, News, Income Tax

June 3, 2022

AO can’t invoke sec. 154 to make disallowance for cash payments: ITAT

Case Details: Smt. Poonam Mittal … Continue reading “AO can’t invoke sec. 154 to make disallowance for cash payments: ITAT”

Blog, Income Tax

October 15, 2022

Income Tax Assessment with Case Laws

Table of Contents: 1. Jurisdiction … Continue reading “Income Tax Assessment with Case Laws”

News, Blog, Income Tax

June 2, 2022

No Sec. 24 deduction for interest paid on loan in absence of evidence: ITAT

Case Details: Netra Software Technologies … Continue reading “No Sec. 24 deduction for interest paid on loan in absence of evidence: ITAT”

Blog, News, Income Tax

June 1, 2022

Income-tax Act doesn’t prohibit NRI from accepting gifts from the relatives: ITAT

Case Details: Atul H. Patel … Continue reading “Income-tax Act doesn’t prohibit NRI from accepting gifts from the relatives: ITAT”

News, Blog, Income Tax

June 1, 2022

GAAR can’t be invoked to deny sanction of amalgamation: NCLT

Case Details: Panasonic India (P.) … Continue reading “GAAR can’t be invoked to deny sanction of amalgamation: NCLT”