Income Tax

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”

Blog, News, Income Tax

September 22, 2021

Tax Dept. conducts searches in premises linked to politician ‘Anil Deshmukh’; found concealment of income of Rs. 17 crore

Press Release, dated 20-09-21 The … Continue reading “Tax Dept. conducts searches in premises linked to politician ‘Anil Deshmukh’; found concealment of income of Rs. 17 crore”

News, Blog, Income Tax

September 21, 2021

Exp. incurred by ‘Apollo Tyres’ to purchase equipments for its dealer’s showroom is capital expenditure: HC

Case details: Apollo Tyres Ltd. … Continue reading “Exp. incurred by ‘Apollo Tyres’ to purchase equipments for its dealer’s showroom is capital expenditure: HC”

Blog, News, Income Tax

September 21, 2021

Taxmann launches ‘Practice – Your Virtual Legal Advisor’

Taxmann is delighted to introduce … Continue reading “Taxmann launches ‘Practice – Your Virtual Legal Advisor’”

Blog, News, Income Tax

September 20, 2021

CBDT extends due dates for linking Aadhaar-PAN, completion of penalty & Benami proceedings

Notification No. 113/2021, dated 17-09-2021 … Continue reading “CBDT extends due dates for linking Aadhaar-PAN, completion of penalty & Benami proceedings”

Blog, News, Income Tax

September 20, 2021

No Sec. 194A TDS on interest paid to resident of Scheduled Tribes areas specified u/s 10(26) Notification No. 110/2021, dated 17-09-2021

The Central Government has relaxed … Continue reading “No Sec. 194A TDS on interest paid to resident of Scheduled Tribes areas specified u/s 10(26) Notification No. 110/2021, dated 17-09-2021”

Blog, News, Income Tax

September 18, 2021

CSR exp. incurred by making donations is eligible for deduction under sec. 80G: ITAT

Case details: JMS Mining (P.) … Continue reading “CSR exp. incurred by making donations is eligible for deduction under sec. 80G: ITAT”

Blog, News, Income Tax

September 18, 2021

CBDT notifies 2 more pension funds for Sec. 10(23FE) exemption

Notification No. 111/2021 & Notification … Continue reading “CBDT notifies 2 more pension funds for Sec. 10(23FE) exemption”

News, Blog, Income Tax

September 17, 2021

No interest can be levied on assessee for excess tax refund if assessment was reopened under sec. 147: HC

Case details: CIT v. United … Continue reading “No interest can be levied on assessee for excess tax refund if assessment was reopened under sec. 147: HC”

Blog, News, Income Tax

September 17, 2021

India chairs meeting of BRICS Tax Heads to discuss strategies to deal with challenges of COVID-19

Press Release, dated 15-09-2021 The … Continue reading “India chairs meeting of BRICS Tax Heads to discuss strategies to deal with challenges of COVID-19”