Income Tax

Blog, News, Income Tax

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”

News, Blog, 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”

Blog, News, 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)”

Blog, News, Income Tax

July 12, 2022

COA of debentures allotted in consideration of dividend to be the sum on which Co. paid DDT: ITAT

Case Details: JP Morgan Funds … Continue reading “COA of debentures allotted in consideration of dividend to be the sum on which Co. paid DDT: ITAT”

Blog, News, Income Tax

July 11, 2022

Response submitted on next working day to be considered if time-limit to file response expired on a public holiday: HC

Case Details: R N Fashion … Continue reading “Response submitted on next working day to be considered if time-limit to file response expired on a public holiday: HC”

Blog, News, Income Tax

July 8, 2022

Sec. 56(2)(viib) applies to conversion of CCDs into equity shares: ITAT

Case Details: Milk Mantra Dairy … Continue reading “Sec. 56(2)(viib) applies to conversion of CCDs into equity shares: ITAT”

News, Blog, Income Tax

July 8, 2022

CBDT notifies ‘Uttar Pradesh Electricity Regulatory Commission’ for exemption u/s 10(46)

Notification No. 79/2022, dated 06-07-2022 … Continue reading “CBDT notifies ‘Uttar Pradesh Electricity Regulatory Commission’ for exemption u/s 10(46)”

Blog, Income Tax

August 5, 2022

Guide to applicability of Section 194R to discounts, rebates, gifts, incentives & cashbacks

FAQ 1. Whether sales discount, … Continue reading “Guide to applicability of Section 194R to discounts, rebates, gifts, incentives & cashbacks”