Income Tax

Blog, News, Income Tax

October 13, 2021

CBDT exempts certain non-residents from furnishing ITR subject to fulfillment of conditions

Notification No. 119, dated 11-10-2021 … Continue reading “CBDT exempts certain non-residents from furnishing ITR subject to fulfillment of conditions”

Blog, News, Income Tax

October 13, 2021

Date of passing of order by CIT to be considered while computing limitation period for revisional proceedings: SC

Case Details: CIT v. Mohammed … Continue reading “Date of passing of order by CIT to be considered while computing limitation period for revisional proceedings: SC”

Blog, Income Tax

December 24, 2024

Income from House Property – Exemption, Relief and Practice Questions

Introduction Income is taxable under … Continue reading “Income from House Property – Exemption, Relief and Practice Questions”

Blog, News, Income Tax

October 12, 2021

Credit received from supplier for choosing its engines in aircraft to be purchased is capital receipt: ITAT

Case Details: InterGlobe Aviation Limited … Continue reading “Credit received from supplier for choosing its engines in aircraft to be purchased is capital receipt: ITAT”

News, Blog, Income Tax

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”

Blog, News, 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”

News, Blog, 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”