Income Tax

Blog, News, Income Tax

March 5, 2022

Finance Bill, 2022; Persisting doubts in proposals prescribing time limit for reassessment of income

V. K. SUBRAMANI – [2022] … Continue reading “Finance Bill, 2022; Persisting doubts in proposals prescribing time limit for reassessment of income”

Blog, News, Income Tax

March 5, 2022

HC condoned delay of 6 years in filing revised ITR

Case Details: Devendra Pai v. … Continue reading “HC condoned delay of 6 years in filing revised ITR”

News, Blog, Income Tax

March 5, 2022

HC isn’t an IT authority; Sec. 149 time limit applies to reassessment initiated to give effect of HC’s order

Case Details: Pavan Morarka v. … Continue reading “HC isn’t an IT authority; Sec. 149 time limit applies to reassessment initiated to give effect of HC’s order”

Blog, News, Income Tax

March 1, 2022

No tax liability on the Receipt of security deposit under JDA unless possession of the property is transferred: ITAT

Case Details: DCIT v. Nagam … Continue reading “No tax liability on the Receipt of security deposit under JDA unless possession of the property is transferred: ITAT”

Blog, News, Income Tax

May 2, 2022

Taxmann and CPC Income-tax to organize a ‘Virtual Round Table’ discussion

Introduction Taxmann, with the active … Continue reading “Taxmann and CPC Income-tax to organize a ‘Virtual Round Table’ discussion”

Blog, News, Income Tax

February 28, 2022

Tax Dept. conducted searches on group engaged in organising multi-state gaming activities & online betting

Press Release, dated 24-02-2022 The … Continue reading “Tax Dept. conducted searches on group engaged in organising multi-state gaming activities & online betting”

Blog, News, Income Tax

February 28, 2022

Market rent isn’t sole yardstick to treat ‘rent’ as inadequate to invoke deeming provision of section 13(2)(b): HC

Case Details: CIT v. Hamdard … Continue reading “Market rent isn’t sole yardstick to treat ‘rent’ as inadequate to invoke deeming provision of section 13(2)(b): HC”

Blog, News, Income Tax

February 26, 2022

Whether proposal in Finance Bill 2022 for reassessment are retrograde?

D.C. AGRAWAL – [2022] 135 … Continue reading “Whether proposal in Finance Bill 2022 for reassessment are retrograde?”

Blog, News, Income Tax

February 25, 2022

Does the Union Budget 2022 make Cryptocurrencies ‘Legal’ in India?

Prof. Anshuman Singh & Purushottam … Continue reading “Does the Union Budget 2022 make Cryptocurrencies ‘Legal’ in India?”

News, Blog, Income Tax

February 24, 2022

Gifting freebies to doctors is prohibited by law; Pharma Cos not eligible for deduction: SC

Case Details: Apex Laboratories (P.) … Continue reading “Gifting freebies to doctors is prohibited by law; Pharma Cos not eligible for deduction: SC”