Income Tax

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April 15, 2022

SC stays HC’s order declaring assessment order non-est in view of repeal of Sec. 144B(9) by FA 2022

Case Details: National Faceless Assessment … Continue reading “SC stays HC’s order declaring assessment order non-est in view of repeal of Sec. 144B(9) by FA 2022”

Blog, News, Income Tax

April 15, 2022

CIT to look at practical situation before treating cash deposits as unexplained income: ITAT

Case Details: Shergil Harjit v. … Continue reading “CIT to look at practical situation before treating cash deposits as unexplained income: ITAT”

Blog, News, Income Tax

April 14, 2022

Revision petition u/s 264 not dismissible on grounds of alternative remedy of filing CIT(A): HC

Case Details: Sahil Machines India … Continue reading “Revision petition u/s 264 not dismissible on grounds of alternative remedy of filing CIT(A): HC”

News, Blog, Income Tax

April 13, 2022

Rajasthan Electricity Regulatory Commission to be exempted under section 10(46): CBDT

Notification No. 30/2022, dated 11-04-2022 … Continue reading “Rajasthan Electricity Regulatory Commission to be exempted under section 10(46): CBDT”

Blog, News, Income Tax

April 13, 2022

Expense to raise floor height of warehouse during monsoon is revenue exp.: HC

Case Details: Jetha Properties (P.) … Continue reading “Expense to raise floor height of warehouse during monsoon is revenue exp.: HC”

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April 12, 2022

[Opinion] Kalyana Mandapams Tied Up In Knots | Analysis of Kuchalambal Charities v. ITO

Meenakshi Subramaniam – [2022] 137 … Continue reading “[Opinion] Kalyana Mandapams Tied Up In Knots | Analysis of Kuchalambal Charities v. ITO”

News, Blog, Income Tax

April 12, 2022

Investment made and declared after claiming Sec. 54B is not willful tax evasion: HC

Case Details: H. Ameerdeen v. … Continue reading “Investment made and declared after claiming Sec. 54B is not willful tax evasion: HC”

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April 11, 2022

Amendments to Section 14A vide Finance Act, 2022 – Clarificatory or Ambiguity?

Madhvi Desai – [2022] 137 … Continue reading “Amendments to Section 14A vide Finance Act, 2022 – Clarificatory or Ambiguity?”

Blog, News, Income Tax

April 11, 2022

Time spent in appeal filed with bona fide mistake to be excluded for computing limitation period for sec. 264 revision: HC

Case details: KLJ Organic Ltd. … Continue reading “Time spent in appeal filed with bona fide mistake to be excluded for computing limitation period for sec. 264 revision: HC”

Blog, News, Income Tax

April 8, 2022

Application of Section 14 of Limitation Act in Income Tax Proceedings

CA Gaurav Jain & Shubham … Continue reading “Application of Section 14 of Limitation Act in Income Tax Proceedings”