Income Tax

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?”

Blog, News, 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”

Blog, News, Income Tax

February 24, 2022

Section 56(2)(x)- Should anti-abuse provisions be applied to genuine fresh issuance of shares?

Prachi Goel – [2022] 135 … Continue reading “Section 56(2)(x)- Should anti-abuse provisions be applied to genuine fresh issuance of shares?”

Blog, News, Income Tax

February 24, 2022

Penalty for non-payment of TDS

Case Details: Deccan Charters (P.) … Continue reading “Penalty for non-payment of TDS”

Blog, Income Tax

April 22, 2022

Method of Accounting: How far relevant for computing Business Income (PGBP)

Authored by – Himanshi Lodha … Continue reading “Method of Accounting: How far relevant for computing Business Income (PGBP)”

Blog, News, Income Tax

April 25, 2022

Employee’s contribution to ESI/PF deposited for AY 2018-19 before filing of ITR is eligible for deduction: ITAT

Case Details: Bromide Chemical Industries … Continue reading “Employee’s contribution to ESI/PF deposited for AY 2018-19 before filing of ITR is eligible for deduction: ITAT”

Blog, News, Income Tax

February 22, 2022

Lessee entitled for Sec. 35AD deduction though lessor constructed basic civil structure of building: ITAT

Case Details: Taj GVK Hotels … Continue reading “Lessee entitled for Sec. 35AD deduction though lessor constructed basic civil structure of building: ITAT”