Income Tax

Blog, News, Income Tax

February 18, 2022

More than 29.8 lakh Tax Audit Reports filed on e-filing portal within extended due date of 15-02-2022: CBDT

Press Release, dated 16-02-2022 The … Continue reading “More than 29.8 lakh Tax Audit Reports filed on e-filing portal within extended due date of 15-02-2022: CBDT”

News, Blog, Income Tax

February 17, 2022

No capital gains if only licence was given to developer to enter property for construction under JDA: ITAT

Case Details: Anugraha Shelters (P) … Continue reading “No capital gains if only licence was given to developer to enter property for construction under JDA: ITAT”

Blog, News, Income Tax

February 17, 2022

Taxability of computer software in India – Emerging intricacies after Supreme Court decision

Vishal Rajvansh – [2022] 135 … Continue reading “Taxability of computer software in India – Emerging intricacies after Supreme Court decision”

Blog, News, Income Tax

February 17, 2022

Withholding tax on benefits or perquisites under proposed section 194R

Yogesh Shah, Aparna Parelkar & … Continue reading “Withholding tax on benefits or perquisites under proposed section 194R”

Blog, News, Income Tax

March 4, 2022

Grounds can’t be raised for first time before High Court if same was never raised before Tribunal: HC

Case Details: PCIT v. Surya … Continue reading “Grounds can’t be raised for first time before High Court if same was never raised before Tribunal: HC”

Blog, News, Income Tax

February 15, 2022

Can GAAR Override DTAA?

Mayank Mohanka – [2022] 135 … Continue reading “Can GAAR Override DTAA?”

Blog, News, Income Tax

February 15, 2022

Society is eligible for a basic exemption of Rs. 50000 on income not eligible for deduction under section 80P: ITAT

Case Details: Baroda Citizen Community … Continue reading “Society is eligible for a basic exemption of Rs. 50000 on income not eligible for deduction under section 80P: ITAT”

News, Blog, Income Tax

February 15, 2022

SC issued notice against SLP filed against ruling of HC justifying only 2% addition on huge sum deposited in Bank

Case Details: PCIT v. Shitalben … Continue reading “SC issued notice against SLP filed against ruling of HC justifying only 2% addition on huge sum deposited in Bank”

Blog, News, Income Tax

February 13, 2022

Budget 2022: Insight on proposed disallowances

Yogesh Shah, Vimal Desai & … Continue reading “Budget 2022: Insight on proposed disallowances”

Blog, News, Income Tax

February 13, 2022

Rental earned from P&M given on lease under rehabilitation scheme is taxable as business income: HC

Case Details: CIT v. Premier … Continue reading “Rental earned from P&M given on lease under rehabilitation scheme is taxable as business income: HC”