Income Tax

Blog, News, Income Tax

March 23, 2022

District Court can’t release seized cash unless its source is explained: HC

Case Details: Union of India … Continue reading “District Court can’t release seized cash unless its source is explained: HC”

Blog, News, Income Tax

March 22, 2022

Income Tax Department conducted searches on unicorn start-up group

Press Release, dated 20-03-2022 The … Continue reading “Income Tax Department conducted searches on unicorn start-up group”

Blog, News, Income Tax

June 14, 2022

Gifts distributed is deductible even if recipient list is undisclosed: ITAT

Case Details: ACIT v. Armee … Continue reading “Gifts distributed is deductible even if recipient list is undisclosed: ITAT”

Blog, Income Tax

March 22, 2022

FAQs on deduction available from Gross Total Income

Check out Taxmann’s CRACKER for … Continue reading “FAQs on deduction available from Gross Total Income”

Blog, News, Income Tax

March 21, 2022

CBDT excludes cases getting time-barred on 31-03-22 from the Faceless Assessment regime

Order F no. 187/3/2020-ITA-I, dated … Continue reading “CBDT excludes cases getting time-barred on 31-03-22 from the Faceless Assessment regime”

Blog, News, Income Tax

March 21, 2022

CBDT allows manual filing of Form No 3CF for applicant seeking approval under Sec. 35

Circular no. 5/2022, dated 16-03-2022 … Continue reading “CBDT allows manual filing of Form No 3CF for applicant seeking approval under Sec. 35”

Blog, News, Income Tax

March 21, 2022

CBDT condones delay in filing of Form 10-IC for companies opting for Sec. 115BAA

Circular no 6/2022, dated 17-03-2022 … Continue reading “CBDT condones delay in filing of Form 10-IC for companies opting for Sec. 115BAA”

Blog, News, Income Tax

March 19, 2022

More than 6.63 crores ITRs and 99.27 lakh Statutory Forms filed on new-filing portal: CBDT

Press Release, dated 16-03-2022 The … Continue reading “More than 6.63 crores ITRs and 99.27 lakh Statutory Forms filed on new-filing portal: CBDT”

Blog, News, Income Tax

March 19, 2022

CIT(E) can’t cancel trust’s registration relying upon statement of another trust: HC

Case Details: Commissioner of Income-tax … Continue reading “CIT(E) can’t cancel trust’s registration relying upon statement of another trust: HC”

News, Blog, Income Tax

March 17, 2022

ITAT quashes assessee-in-default order for failure to furnish Form 15G/15H of small farmers

Case Details: Saptagiri Grameena Bank … Continue reading “ITAT quashes assessee-in-default order for failure to furnish Form 15G/15H of small farmers”