Income Tax

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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”

Blog, News, Income Tax

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”

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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”

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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”

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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”

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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”

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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”