Income Tax

Blog, Income Tax

December 23, 2023

Taxation of Unit Linked Insurance Plan (ULIPs)

Table of Contents Introduction What … Continue reading “Taxation of Unit Linked Insurance Plan (ULIPs)”

Blog, News, Income Tax

January 27, 2022

No Sec. 68 additions if assessee routed its own accounted money back via share capital/premium: Delhi HC

Case Details: PCIT v. Agson … Continue reading “No Sec. 68 additions if assessee routed its own accounted money back via share capital/premium: Delhi HC”

Blog, News, Income Tax

January 27, 2022

HC directs ICAI to seek disclosures about pending criminal cases from newly qualified CAs

Case Details: Mohit Bansal v. … Continue reading “HC directs ICAI to seek disclosures about pending criminal cases from newly qualified CAs”

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January 25, 2022

Pendency of case before Addl. CMM can’t be a reason to transfer of assessee’s case to another State: HC

Case Details: Divesh Prakashchand Jain … Continue reading “Pendency of case before Addl. CMM can’t be a reason to transfer of assessee’s case to another State: HC”

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February 11, 2022

Faceless Assessment – Practical Issues and Budget Expectations

Sudeep Das & Ashwath Pai … Continue reading “Faceless Assessment – Practical Issues and Budget Expectations”

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January 25, 2022

Transferring case to facilitate authorities to do an effective & co-ordinate investigation & assessment is valid: HC

Case Details: Varun Raj Pillai … Continue reading “Transferring case to facilitate authorities to do an effective & co-ordinate investigation & assessment is valid: HC”

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January 22, 2022

No benefit of violation of principles of natural justice if assessee repeatedly failed to respond to various notices: HC

Case Details: Chams Branding Solutions … Continue reading “No benefit of violation of principles of natural justice if assessee repeatedly failed to respond to various notices: HC”

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January 22, 2022

Declaration of undisclosed income to “buy peace” does not renders an assessee immunity from initiation and levy of penalty

Mohit Gupta – [2022] 134 … Continue reading “Declaration of undisclosed income to “buy peace” does not renders an assessee immunity from initiation and levy of penalty”

Blog, News, Income Tax

January 21, 2022

CBDT amends Securities Transaction Tax Rules to include Insurance Cos

Notification No. 9/2022, dated 18-01-2022 … Continue reading “CBDT amends Securities Transaction Tax Rules to include Insurance Cos”

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January 21, 2022

CBDT notifies e-Advance Rulings Scheme, 2022; applicable w.e.f. 18-01-2022

Notification No. 07/2022, dated 18-01-2022 … Continue reading “CBDT notifies e-Advance Rulings Scheme, 2022; applicable w.e.f. 18-01-2022”