Income Tax

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October 30, 2021

Delhi High Court notifies rules for video conferencing; allows public to view court proceedings

Notification No. 348/Rules/DHC, dated 26-10-2021 … Continue reading “Delhi High Court notifies rules for video conferencing; allows public to view court proceedings”

Blog, News, Income Tax

March 4, 2022

It can’t be interpreted that assessee waived off hearing right if he submitted written submission before CIT(A): ITAT

Case Details: Sukhvinder Pal Singh … Continue reading “It can’t be interpreted that assessee waived off hearing right if he submitted written submission before CIT(A): ITAT”

News, Blog, Income Tax

October 28, 2021

Excess share of land received by assessee in executing of partition deed with co-owner can’t be taxed u/s 28: ITAT

Case details: ITO v. Undavalli … Continue reading “Excess share of land received by assessee in executing of partition deed with co-owner can’t be taxed u/s 28: ITAT”

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October 28, 2021

Sec. 10(23FE) exemption is available only if source of investment in India is not from any borrowings: CBDT

Circular No. 19/2021, dated 26-10-2021 … Continue reading “Sec. 10(23FE) exemption is available only if source of investment in India is not from any borrowings: CBDT”

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October 27, 2021

Benefit of Sec. 36(1)(vii) available even if sugarcane price fixed by State Govt is more than price fixed by Central Govt

Circular 18/2021, dated 25-10-2021 The … Continue reading “Benefit of Sec. 36(1)(vii) available even if sugarcane price fixed by State Govt is more than price fixed by Central Govt”

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October 27, 2021

Series of adjournments granted to assessee indicates that hearing opportunity was granted; assessment order valid

Case Details: Unisource Hydro Carbon … Continue reading “Series of adjournments granted to assessee indicates that hearing opportunity was granted; assessment order valid”

Blog, News, Income Tax

October 26, 2021

Lifting of provisional attachment without providing reasonable opportunity to revenue is not justified: HC

Case Details: DDIT v. Ms. … Continue reading “Lifting of provisional attachment without providing reasonable opportunity to revenue is not justified: HC”

Blog, News, Income Tax

October 26, 2021

Delhi HC set-asides faceless assessment order as time frame provided to assessee was too short to respond to SCN

Case Details: Lamba Techno Flooring … Continue reading “Delhi HC set-asides faceless assessment order as time frame provided to assessee was too short to respond to SCN”

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March 4, 2022

CIT can’t deny sec. 12AA registration on grounds not related to object & genuineness of trust’s activities: ITAT

Case details: Har Nihal Charitable … Continue reading “CIT can’t deny sec. 12AA registration on grounds not related to object & genuineness of trust’s activities: ITAT”

Blog, News, Income Tax

October 23, 2021

Govt. notifies Sovereign Gold Bond Scheme 2021-22

G.S.R. 750 (E), dated 21-10-2021 … Continue reading “Govt. notifies Sovereign Gold Bond Scheme 2021-22”