Income Tax

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”

Blog, News, Income Tax

November 19, 2021

CIT can’t direct AO to add items to compute book profit for MAT without giving a reference of empowering provision

Case Details: CIT v. Nuclear … Continue reading “CIT can’t direct AO to add items to compute book profit for MAT without giving a reference of empowering provision”

Blog, News, Income Tax

November 19, 2021

Assessee developing and protecting interest of commerce and industries is entitled to sec. 12A registration: ITAT

Case Details: Federation of Trade … Continue reading “Assessee developing and protecting interest of commerce and industries is entitled to sec. 12A registration: ITAT”

Blog, News, Income Tax

November 18, 2021

Notice not containing complete address of assessee but his general location is not valid: ITAT

Case Details: Smt. Santosh v. … Continue reading “Notice not containing complete address of assessee but his general location is not valid: ITAT”

News, Blog, Income Tax

November 18, 2021

Pandora Papers: Will Rhetoric Meet Same Fate & Persuasion Likely To Fade Away In Light Of Application Of Strict Test Of Evidence

Aseem Chawla – [2021] 132 … Continue reading “Pandora Papers: Will Rhetoric Meet Same Fate & Persuasion Likely To Fade Away In Light Of Application Of Strict Test Of Evidence”

Blog, News, Income Tax

November 17, 2021

Assessee eligible for Sec. 264 revision if its application to get immunity from penalty got rejected: HC

Case Details: Haren Textiles (P.) … Continue reading “Assessee eligible for Sec. 264 revision if its application to get immunity from penalty got rejected: HC”

Blog, News, Income Tax

November 17, 2021

Tax Dept. sets up ‘Taxpayer’s Lounge’ in India International Trade Fair, 2021 at Pragati Maidan

Press Release, dated 14-11-2021 The … Continue reading “Tax Dept. sets up ‘Taxpayer’s Lounge’ in India International Trade Fair, 2021 at Pragati Maidan”

Blog, News, Income Tax

November 16, 2021

BCCI isn’t engaged in commercial activities as funds generated from IPL are used for promoting cricket: ITAT

Case Details: Board of Control … Continue reading “BCCI isn’t engaged in commercial activities as funds generated from IPL are used for promoting cricket: ITAT”

Blog, News, Income Tax

November 16, 2021

Equity and the provisions of Income Tax Law in India

Neeraj Gupta – [2021] 132 … Continue reading “Equity and the provisions of Income Tax Law in India”

Blog, News, Income Tax

November 15, 2021

Disallowance under sec. 40A(2) without a comparable to prove the excessive payment is not justified: ITAT

Case Details: Bright Enterprises (P.) … Continue reading “Disallowance under sec. 40A(2) without a comparable to prove the excessive payment is not justified: ITAT”