Income Tax

Blog, News, Income Tax

June 9, 2022

Making wrong claim in ITR can’t be equated with concealment of income

Case Details: Pawan Garg v. … Continue reading “Making wrong claim in ITR can’t be equated with concealment of income”

Blog, News, Income Tax

June 9, 2022

[Opinion] Section 148A reforms

Gopal Nathani & Raji Nathani … Continue reading “[Opinion] Section 148A reforms”

News, Blog, Income Tax

June 8, 2022

[IFSC] Govt. notifies Sec. 9A conditions not applicable for eligible investment fund

Notification No. 59/2022, dated 06-06-2022 … Continue reading “[IFSC] Govt. notifies Sec. 9A conditions not applicable for eligible investment fund”

Blog, News, Income Tax

June 8, 2022

Dept. has power to take possession over assets which were never disclosed to tax authority: HC

Case Details: Jahar Singh Gurjar … Continue reading “Dept. has power to take possession over assets which were never disclosed to tax authority: HC”

Blog, News, Income Tax

June 7, 2022

CBDT revises guidelines for compulsory selection of ITRs for Scrutiny

Notification no. 225/81/2022/ITA-II, dated 03-06-2022 … Continue reading “CBDT revises guidelines for compulsory selection of ITRs for Scrutiny”

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”

News, Blog, 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”