Income Tax

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March 21, 2022

CBDT allows manual filing of Form No 3CF for applicant seeking approval under Sec. 35

Circular no. 5/2022, dated 16-03-2022 … Continue reading “CBDT allows manual filing of Form No 3CF for applicant seeking approval under Sec. 35”

Blog, News, Income Tax

March 21, 2022

CBDT condones delay in filing of Form 10-IC for companies opting for Sec. 115BAA

Circular no 6/2022, dated 17-03-2022 … Continue reading “CBDT condones delay in filing of Form 10-IC for companies opting for Sec. 115BAA”

Blog, News, Income Tax

March 19, 2022

More than 6.63 crores ITRs and 99.27 lakh Statutory Forms filed on new-filing portal: CBDT

Press Release, dated 16-03-2022 The … Continue reading “More than 6.63 crores ITRs and 99.27 lakh Statutory Forms filed on new-filing portal: CBDT”

Blog, News, Income Tax

March 19, 2022

CIT(E) can’t cancel trust’s registration relying upon statement of another trust: HC

Case Details: Commissioner of Income-tax … Continue reading “CIT(E) can’t cancel trust’s registration relying upon statement of another trust: HC”

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March 17, 2022

ITAT quashes assessee-in-default order for failure to furnish Form 15G/15H of small farmers

Case Details: Saptagiri Grameena Bank … Continue reading “ITAT quashes assessee-in-default order for failure to furnish Form 15G/15H of small farmers”

Blog, News, 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”

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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”

News, Blog, 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”