Income Tax

Blog, News, Income Tax

March 14, 2022

CBDT Notified exclusion of certain cases from Faceless Penalty Scheme

Order F.no. 187/4/2021-ITA-I, dated 10-03-2022 … Continue reading “CBDT Notified exclusion of certain cases from Faceless Penalty Scheme”

News, Blog, Income Tax

March 14, 2022

Case where the Guidance Value of Land/Building is to be considered

Case Details: PCIT v. Smt. … Continue reading “Case where the Guidance Value of Land/Building is to be considered”

Blog, News, Income Tax

March 11, 2022

‘Agreement to Sale’ can’t be considered as date of purchase of property for computing Sec. 54 deduction: ITAT

Case Details: Reji Easow v. … Continue reading “‘Agreement to Sale’ can’t be considered as date of purchase of property for computing Sec. 54 deduction: ITAT”

Blog, News, Income Tax

March 11, 2022

Uncertainty in Levy of Interest u/s 234A in the case of Reassessment

V. K. SUBRAMANI – [2022] … Continue reading “Uncertainty in Levy of Interest u/s 234A in the case of Reassessment”

News, Blog, Income Tax

March 10, 2022

Analysis of taxability or otherwise of gift received by a U.S. Citizen from parents in India

S. Krishnan – [2022] 136 … Continue reading “Analysis of taxability or otherwise of gift received by a U.S. Citizen from parents in India”

Blog, News, Income Tax

March 9, 2022

Rent in ‘HER’ purse, HRA in ‘HIS’ wallet

Meenakshi Subramaniam – [2022] 136 … Continue reading “Rent in ‘HER’ purse, HRA in ‘HIS’ wallet”

Blog, News, Income Tax

March 9, 2022

Arbitral award received for release of right to sue due to breach of contract is capital receipt not taxable: ITAT

Case Details: ITO v. Ganeshsagar … Continue reading “Arbitral award received for release of right to sue due to breach of contract is capital receipt not taxable: ITAT”

Blog, News, Income Tax

March 8, 2022

Non-deduction of TDS u/s 194H allowed if employee’s commission was part of salary income: HC

Case Details: PCIT v. Indofil … Continue reading “Non-deduction of TDS u/s 194H allowed if employee’s commission was part of salary income: HC”

News, Blog, Income Tax

March 8, 2022

Assessee paying rent to wife entitled to claim HRA benefit: Delhi ITAT

Case Details: Abhay Kumar Mittal … Continue reading “Assessee paying rent to wife entitled to claim HRA benefit: Delhi ITAT”

Blog, News, Income Tax

March 7, 2022

Cash recovered from employee of politician’s trust rightly added to politician’s income: HC

Case Details: Durai Murugan Kathir … Continue reading “Cash recovered from employee of politician’s trust rightly added to politician’s income: HC”