Income Tax

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December 14, 2022

CBDT notifies revised forms for filing of an application for ‘Advance Ruling’

Notification No. 49/2022, dated 05-05-2022 … Continue reading “CBDT notifies revised forms for filing of an application for ‘Advance Ruling’”

Blog, News, Income Tax

December 28, 2022

Supreme Court upholds validity of Section 148 notices issued after 31-03-21 under old provisions

Case Details: Union of India … Continue reading “Supreme Court upholds validity of Section 148 notices issued after 31-03-21 under old provisions”

Blog, News, Income Tax

May 5, 2022

Books of account not audited at time of filing of ITR isn’t a criteria to deny carry forward of losses: ITAT

Case Details: DCIT v. Brahmos … Continue reading “Books of account not audited at time of filing of ITR isn’t a criteria to deny carry forward of losses: ITAT”

Blog, News, Income Tax

May 5, 2022

Ex-gratia payment received by ‘Sunil Joshi’ isn’t taxable if BCCI holding sec. 12AA registration: ITAT

Case Details: Sunil Bandacharya Joshi … Continue reading “Ex-gratia payment received by ‘Sunil Joshi’ isn’t taxable if BCCI holding sec. 12AA registration: ITAT”

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May 4, 2022

Compensation to son for giving up rights in father’s properties from mother non-taxable u/s 45: ITAT

Case Details: K. V. Sridhar … Continue reading “Compensation to son for giving up rights in father’s properties from mother non-taxable u/s 45: ITAT”

Blog, News, Income Tax

May 4, 2022

Penalty to be classified as concealed income or for furnishing inaccurate particulars: ITAT

Case Details: ACIL Ltd. v. … Continue reading “Penalty to be classified as concealed income or for furnishing inaccurate particulars: ITAT”

Blog, News, Income Tax

May 3, 2022

Sec. 54 relief applicable even if description of property was mentioned as ‘land’ in sale deed: ITAT

Case Details: Charu Agarwal v. … Continue reading “Sec. 54 relief applicable even if description of property was mentioned as ‘land’ in sale deed: ITAT”

News, Blog, Income Tax

May 4, 2022

CBDT notifies Form ITR-U for filing of updated return

Notification No. 48/2022, dated 29-04-2022 … Continue reading “CBDT notifies Form ITR-U for filing of updated return”

Blog, News, Income Tax

April 30, 2022

Exp. allowed relying upon audit report if it was in contrary to view of jurisdictional HC: ITAT

Case Details: Kalpesh Synthetics (P.) … Continue reading “Exp. allowed relying upon audit report if it was in contrary to view of jurisdictional HC: ITAT”

Blog, News, Income Tax

April 30, 2022

Effect of Non-obstante Clause- till what extent overriding? – A Case Law Analysis

Madhvi Desai – [2022] 137 … Continue reading “Effect of Non-obstante Clause- till what extent overriding? – A Case Law Analysis”