Income Tax

Blog, News, Income Tax

May 31, 2022

Husband can’t be said to be the owner of house bought in wife’s name: HC

Case Details: Antony Parakal Kurian … Continue reading “Husband can’t be said to be the owner of house bought in wife’s name: HC”

Blog, News, Income Tax

May 30, 2022

CBDT revises Procedures for Imposing Penalties under Faceless Penalty Scheme 2021

Notification No. 55/2022, dated 27-05-2022 … Continue reading “CBDT revises Procedures for Imposing Penalties under Faceless Penalty Scheme 2021”

Blog, News, Income Tax

May 30, 2022

CBDT notifies Faceless Penalty (Amendment) Scheme, 2022

Notification No. 54/2022, dated 27-05-2022 … Continue reading “CBDT notifies Faceless Penalty (Amendment) Scheme, 2022”

Blog, News, Income Tax

May 28, 2022

Rule of Retrospectivity Ignored | Whether Judgment in Ashish Agarwal Per Incuriam?

Sanjay Bansal & Amit Parsad … Continue reading “Rule of Retrospectivity Ignored | Whether Judgment in Ashish Agarwal Per Incuriam?”

Blog, News, Income Tax

May 28, 2022

HC imposes cost of Rs. 50,000 on Income-tax Dept. for illegal recovery of disputed tax demand

Case Details: Rajendra Kumar v. … Continue reading “HC imposes cost of Rs. 50,000 on Income-tax Dept. for illegal recovery of disputed tax demand”

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May 27, 2022

Assessee can’t have custody of robbed cash recovered by police: HC

Case Details: DDIT v. Sampath … Continue reading “Assessee can’t have custody of robbed cash recovered by police: HC”

News, Blog, Income Tax

May 27, 2022

Credit found in bank a/c belongs to assessee if it was used by him for his investment: HC

Case Details: Pulin Ku. Bir … Continue reading “Credit found in bank a/c belongs to assessee if it was used by him for his investment: HC”

Blog, News, Income Tax

May 26, 2022

Hearing opportunity must be granted before transferring assessee’s case: HC

Case Details: Nagindas Kasturchand and … Continue reading “Hearing opportunity must be granted before transferring assessee’s case: HC”

Blog, News, Income Tax

September 30, 2022

Senior citizen constantly filing salary return not liable to advance tax

Case Details: Jayantilal D Ray … Continue reading “Senior citizen constantly filing salary return not liable to advance tax”

Blog, News, Income Tax

May 25, 2022

Section 158BB doesn’t empower AO to ‘estimate’ undisclosed income: HC

Case Details: PCIT v. Janson … Continue reading “Section 158BB doesn’t empower AO to ‘estimate’ undisclosed income: HC”