Income Tax

News, Blog, Income Tax

March 17, 2022

TDS from salaries for F.Y. 2020-21 | CBDT Circular

Circular No. 04/2022, dated 15-03-2022 … Continue reading “TDS from salaries for F.Y. 2020-21 | CBDT Circular”

Blog, News, Income Tax

June 13, 2023

Section 56(2)(vii) not applicable on the issue of right shares to existing shareholders: ITAT

Case Details: ITO v. Rajeev … Continue reading “Section 56(2)(vii) not applicable on the issue of right shares to existing shareholders: ITAT”

Blog, News, Income Tax

March 16, 2022

HC can’t dispose of appeal with just one paragraph order: SC

Case Details: PCIT v. Motisons … Continue reading “HC can’t dispose of appeal with just one paragraph order: SC”

Blog, News, Income Tax

March 15, 2022

Relief granted to assessee required to meet tax demand raised on unexplained income

Case Details: Hermes I Tickets … Continue reading “Relief granted to assessee required to meet tax demand raised on unexplained income”

Blog, News, Income Tax

March 15, 2022

HC justified Reassessment on Maharashtra Minister and validates notice issued within 5 hours

Case Details: Chhagan Chandrakant Bhujbal … Continue reading “HC justified Reassessment on Maharashtra Minister and validates notice issued within 5 hours”

Blog, News, Income Tax

March 14, 2022

CBDT Notified exclusion of certain cases from Faceless Penalty Scheme

Order F.no. 187/4/2021-ITA-I, dated 10-03-2022 … Continue reading “CBDT Notified exclusion of certain cases from Faceless Penalty Scheme”

Blog, News, Income Tax

March 14, 2022

Case where the Guidance Value of Land/Building is to be considered

Case Details: PCIT v. Smt. … Continue reading “Case where the Guidance Value of Land/Building is to be considered”

Blog, News, Income Tax

March 11, 2022

‘Agreement to Sale’ can’t be considered as date of purchase of property for computing Sec. 54 deduction: ITAT

Case Details: Reji Easow v. … Continue reading “‘Agreement to Sale’ can’t be considered as date of purchase of property for computing Sec. 54 deduction: ITAT”

News, Blog, Income Tax

March 11, 2022

Uncertainty in Levy of Interest u/s 234A in the case of Reassessment

V. K. SUBRAMANI – [2022] … Continue reading “Uncertainty in Levy of Interest u/s 234A in the case of Reassessment”

Blog, News, Income Tax

March 10, 2022

Analysis of taxability or otherwise of gift received by a U.S. Citizen from parents in India

S. Krishnan – [2022] 136 … Continue reading “Analysis of taxability or otherwise of gift received by a U.S. Citizen from parents in India”