Income Tax

Blog, News, Income Tax

September 27, 2021

ITRs verified through EVC instead of DSC to be regularised if filed during 07-06-21 to 30-09-21: CBDT

Order under section 119, dated … Continue reading “ITRs verified through EVC instead of DSC to be regularised if filed during 07-06-21 to 30-09-21: CBDT”

Blog, News, Income Tax

September 27, 2021

CBDT extends validity of TP Safe Harbour rules till Assessment Year 2021-22

Notification No. 117/2021, dated 24-09-2021 … Continue reading “CBDT extends validity of TP Safe Harbour rules till Assessment Year 2021-22”

Blog, Income Tax

June 10, 2022

Corporate Tax in India | Taxation of Companies with Illustrations

Table of Content: 1. Carry … Continue reading “Corporate Tax in India | Taxation of Companies with Illustrations”

News, Blog, Income Tax

September 25, 2021

Circular no. 7/2018 doesn’t empowers CIT to exempt assessee from filing of Form 10 with AO: ITAT

Case Details: Navodaya Education Trust … Continue reading “Circular no. 7/2018 doesn’t empowers CIT to exempt assessee from filing of Form 10 with AO: ITAT”

Blog, News, Income Tax

September 25, 2021

Levy of additional interest for extended period of due date of tax return- How far justified?

Ved Jain – [2021] 130 … Continue reading “Levy of additional interest for extended period of due date of tax return- How far justified?”

Blog, News, Income Tax

September 24, 2021

Reassessment/set-aside cases where time limit for complication expires on 30-9-21 to be excluded from Sec. 144B

Order F No. 187/3/2020-ITA-I, dated … Continue reading “Reassessment/set-aside cases where time limit for complication expires on 30-9-21 to be excluded from Sec. 144B”

Blog, News, Income Tax

September 24, 2021

No exemption u/s 10(23C) if fees charged by hospital is at par with other hospitals running on commercial basis: SC

Case details: Ashwini Sahakari Rugnalaya … Continue reading “No exemption u/s 10(23C) if fees charged by hospital is at par with other hospitals running on commercial basis: SC”

News, Blog, Income Tax

September 23, 2021

No cessation of liability if proceedings for recovery of amount from assessee were pending before court: ITAT

Case details: DCIT v. Surbhit … Continue reading “No cessation of liability if proceedings for recovery of amount from assessee were pending before court: ITAT”

Blog, News, Income Tax

September 23, 2021

Interest on borrowed capital from the date of ‘Trial Run’ till date of commercial start to be treated as revenue expenditure: Delhi ITAT

Case details: ACIT, Central Circle-19, … Continue reading “Interest on borrowed capital from the date of ‘Trial Run’ till date of commercial start to be treated as revenue expenditure: Delhi ITAT”

Blog, News, Income Tax

September 22, 2021

AO can’t disregard a transaction just because it results in tax advantage to assessee: Mumbai ITAT

Case details: Michael E Desa … Continue reading “AO can’t disregard a transaction just because it results in tax advantage to assessee: Mumbai ITAT”