Income Tax

Blog, News, Income Tax

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”

Blog, News, 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”

Blog, News, Income Tax

May 24, 2022

Impact of the SC’s decision in the case Ashish Agarwal vs. CBDT’s instruction

S.K. Tulsiyan & Ms. Parnashree … Continue reading “Impact of the SC’s decision in the case Ashish Agarwal vs. CBDT’s instruction”

News, Blog, Income Tax

May 24, 2022

Gain arising on sale of office-cum-residential structure eligible for exemption u/s 54F relief and not u/s 54: ITAT

Case Details: Chain Singh Mundra … Continue reading “Gain arising on sale of office-cum-residential structure eligible for exemption u/s 54F relief and not u/s 54: ITAT”

Blog, Income Tax

September 22, 2022

Know all about the applicability of Minimum Alternate Tax (MAT)

Table of Content 1. Who … Continue reading “Know all about the applicability of Minimum Alternate Tax (MAT)”

Blog, News, Income Tax

May 23, 2022

Benefit of LTA isn’t available if itinerary of employee includes foreign visit: ITAT

Case Details: State Bank of … Continue reading “Benefit of LTA isn’t available if itinerary of employee includes foreign visit: ITAT”

Blog, News, Income Tax

May 23, 2022

‘Information in Possession’: Beginning of a New Era of Litigations!!

Mayank Mohanka – [2022] 138 … Continue reading “‘Information in Possession’: Beginning of a New Era of Litigations!!”