Income Tax

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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”

Blog, News, 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”

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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”

Blog, News, Income Tax

April 8, 2022

CBDT amends Rules to allow Infrastructure Debt Fund to issue ‘Zero Coupon Bonds’

Notification 28/2022, dated 06-04-2022 Section … Continue reading “CBDT amends Rules to allow Infrastructure Debt Fund to issue ‘Zero Coupon Bonds’”

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April 7, 2022

CBDT constitutes Dispute Resolution Committee; notifies e-Dispute Resolution Scheme, 2022

Notification No. 26 /2022 and … Continue reading “CBDT constitutes Dispute Resolution Committee; notifies e-Dispute Resolution Scheme, 2022”

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April 7, 2022

SC upholds validity of Assessment Order passed in name of non-existing amalgamating Co.

Case Details: PCIT v. Mahagun … Continue reading “SC upholds validity of Assessment Order passed in name of non-existing amalgamating Co.”

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April 6, 2022

Initiation of the Reassessment proceedings under the new mechanism

Rajiv Kumar, Ruchesh Sinha & … Continue reading “Initiation of the Reassessment proceedings under the new mechanism”

Blog, News, Income Tax

April 6, 2022

Canada, UK & Northern Ireland and USA notified countries for Foreign Retirement Benefits Accounts: CBDT

Notification no. 25/2022, dated 04-04-2022 … Continue reading “Canada, UK & Northern Ireland and USA notified countries for Foreign Retirement Benefits Accounts: CBDT”