Income Tax

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November 27, 2021

Exemption from TDS u/s 194C can’t be denied even if payer didn’t furnish transporter details in Form 26Q

Case Details: Mohmed Shakil Mohmed … Continue reading “Exemption from TDS u/s 194C can’t be denied even if payer didn’t furnish transporter details in Form 26Q”

Blog, News, Income Tax

November 26, 2021

CBDT issues more clarifications on deduction and collection of tax at source under sections 194-O, 194Q & 206C(1H)

Circular 20 of 2021, dated … Continue reading “CBDT issues more clarifications on deduction and collection of tax at source under sections 194-O, 194Q & 206C(1H)”

News, Blog, Income Tax

November 25, 2021

CBDT notifies new Form 52A to be furnished by producers of cinematograph films

Notification No. 132/2021, dated 23-11-2021 … Continue reading “CBDT notifies new Form 52A to be furnished by producers of cinematograph films”

Blog, News, Income Tax

November 24, 2021

Tax Dept. conducts search and seizure operation in Gujarat; unaccounted income of more than Rs. 100 crore unearthed

Press Release, dated 21-11-2021 The … Continue reading “Tax Dept. conducts search and seizure operation in Gujarat; unaccounted income of more than Rs. 100 crore unearthed”

Blog, News, Income Tax

November 23, 2021

Selling flats at amount lesser than stamp duty justified as flats had no parking space & electricity connection: ITAT

Case Details: Peerless General Finance … Continue reading “Selling flats at amount lesser than stamp duty justified as flats had no parking space & electricity connection: ITAT”

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November 23, 2021

Section 206AA – The Payments to Non-Residents Controversy

Sanjeeva Narayan – [2021] 132 … Continue reading “Section 206AA – The Payments to Non-Residents Controversy”

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November 22, 2021

Excess stock found during search is taxable as business income and not as unexplained investment if such stock isn’t separately identifiable

Case details: PPCIT v. Deccan … Continue reading “Excess stock found during search is taxable as business income and not as unexplained investment if such stock isn’t separately identifiable”

Blog, News, Income Tax

November 22, 2021

“Emerging jurisprudence” as regard the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Ruchesh Sinha, Anmol Batra & … Continue reading ““Emerging jurisprudence” as regard the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015”

Blog, News, Income Tax

July 18, 2024

ITAT allows sec. 54F exemption on purchasing a residential floor in a building with commercial shops on other floors

Case Details: Ashok Kukreja v. … Continue reading “ITAT allows sec. 54F exemption on purchasing a residential floor in a building with commercial shops on other floors”

Blog, Income Tax

November 23, 2021

An Analysis of Mumbai ITAT’s Ruling in the ‘BCCI’ Case

1. Facts 1.1 BCCI The … Continue reading “An Analysis of Mumbai ITAT’s Ruling in the ‘BCCI’ Case”