Income Tax

News, Blog, Income Tax

December 26, 2024

[Opinion] Non-Convertible Debentures – Tax & Company Law Aspects

CA Rohan Sogani & Samriddhi … Continue reading “[Opinion] Non-Convertible Debentures – Tax & Company Law Aspects”

Blog, News, Income Tax

December 26, 2024

CBDT Directed to Extend Due Date for e-Filing of ITR Due to Issues With New Utility Affecting Sec. 87A Rebate | HC

Case Details: Chamber of Tax … Continue reading “CBDT Directed to Extend Due Date for e-Filing of ITR Due to Issues With New Utility Affecting Sec. 87A Rebate | HC”

Blog, News, Income Tax

December 26, 2024

No Disallowance u/s 40A(3) If Cash Payments Were Necessary to Run Business of Assessee | ITAT

Case Details: Munish Arora vs. … Continue reading “No Disallowance u/s 40A(3) If Cash Payments Were Necessary to Run Business of Assessee | ITAT”

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December 26, 2024

Assessee Can Confine Settlement of Dispute to One Issue; Revenue Can’t Compel Settlement of Other Issues | HC

Case Details: Rose Wood Buildwell … Continue reading “Assessee Can Confine Settlement of Dispute to One Issue; Revenue Can’t Compel Settlement of Other Issues | HC”

Blog, News, Income Tax

December 23, 2024

[Opinion] Section 54F Unlocked | Ownership Battles Decoded?

Nishant Sejpal – [2024] 169 … Continue reading “[Opinion] Section 54F Unlocked | Ownership Battles Decoded?”

Blog, News, Income Tax

December 23, 2024

No Proportionate TDS Share on Joint Property Sale If the Entire TDS Has Been Deposited in One’s PAN | Mumbai ITAT

Case Details: Rahul Dinesh Bajpai … Continue reading “No Proportionate TDS Share on Joint Property Sale If the Entire TDS Has Been Deposited in One’s PAN | Mumbai ITAT”

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December 22, 2024

Expenses Incurred on Portfolio Management Services Directly Related to Securities Transaction Allowed While Computing Capital Gains | ITAT

Case Details: ACIT vs. Vireet … Continue reading “Expenses Incurred on Portfolio Management Services Directly Related to Securities Transaction Allowed While Computing Capital Gains | ITAT”

News, Blog, Income Tax

December 21, 2024

No TDS on Payments to Credit Guarantee Fund Trust for MSEs Referred in Section 10(46B) | CBDT

Notification No. 128/2024, dated 19-12-2024 … Continue reading “No TDS on Payments to Credit Guarantee Fund Trust for MSEs Referred in Section 10(46B) | CBDT”

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December 22, 2024

Assessee to Pursue Pending Proceedings Before Appellate Authority Instead of Filing Writ Petition | HC

Case Details: Mahindra and Mahindra … Continue reading “Assessee to Pursue Pending Proceedings Before Appellate Authority Instead of Filing Writ Petition | HC”

Blog, News, Income Tax

December 19, 2024

Legal Heirs Can Raise Contention That Notice Was Issued in Name of Deceased Person | SC

Case Details: Ghanyashyam Anil Dhanani … Continue reading “Legal Heirs Can Raise Contention That Notice Was Issued in Name of Deceased Person | SC”