Income Tax

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October 11, 2021

Examination of Payments made by individuals as rent to non-residents and applicability of Forms 15CA and 15CB therein

Karthik Natarajan – [2021] 131 … Continue reading “Examination of Payments made by individuals as rent to non-residents and applicability of Forms 15CA and 15CB therein”

News, Blog, Income Tax

October 11, 2021

Appeal to be treated as pending before court even if delay occurred in filing same was not condoned: HC

Case Details: Tushar Agro Chemicals … Continue reading “Appeal to be treated as pending before court even if delay occurred in filing same was not condoned: HC”

Blog, News, Income Tax

October 8, 2021

Madras HC remanded matter as assessee was asked to submit voluminous doc. within 2-3 days

Case Details:Manickam Subramanian v. ACIT … Continue reading “Madras HC remanded matter as assessee was asked to submit voluminous doc. within 2-3 days”

Blog, News, Income Tax

October 8, 2021

Profit from sale of land recognized as an investment in books of account is taxable as capital gains: ITAT

Case Detaials: JCIT v. Adrus … Continue reading “Profit from sale of land recognized as an investment in books of account is taxable as capital gains: ITAT”

Blog, News, Income Tax

October 7, 2021

CBDT considering Modification in Faceless Appeal Scheme, 2020

Case Details: CBDT v. Lakshya … Continue reading “CBDT considering Modification in Faceless Appeal Scheme, 2020”

Blog, News, Income Tax

October 7, 2021

Allahabad HC quashes Reassessment Notice issued under old regime; unconvinced with view’s of Chhattisgarh HC

Case Details: Ashok Kumar Agarwal … Continue reading “Allahabad HC quashes Reassessment Notice issued under old regime; unconvinced with view’s of Chhattisgarh HC”

Blog, Income Tax

October 7, 2021

CBDT Prescribes Conditions to Claim Relief on Offshore Indirect Transfer of Indian Assets

Table of Contents: 1. Introduction … Continue reading “CBDT Prescribes Conditions to Claim Relief on Offshore Indirect Transfer of Indian Assets”

Blog, News, Income Tax

October 6, 2021

Govt. takes note on data trove pertaining to ‘Pandora Papers’; appropriate action to be taken

Press Release, dated 04-10-2021 On … Continue reading “Govt. takes note on data trove pertaining to ‘Pandora Papers’; appropriate action to be taken”

Blog, News, Income Tax

October 6, 2021

AO can continue proceedings even if reason supplied by him while rejecting objections not acceptable to assessee: HC

Case Details: Financial Software & … Continue reading “AO can continue proceedings even if reason supplied by him while rejecting objections not acceptable to assessee: HC”

Blog, News, Income Tax

October 7, 2021

CBDT prescribes conditions to claim relief on offshore indirect transfer of Indian assets

Editorial Team The Taxation Laws … Continue reading “CBDT prescribes conditions to claim relief on offshore indirect transfer of Indian assets”