Income Tax

Blog, News, Income Tax

August 21, 2023

Exp. incurred by ‘Farah Khan’ on office-cum-residence premises are allowable on proportionate basis: ITAT

Case details: ACIT v. Farah … Continue reading “Exp. incurred by ‘Farah Khan’ on office-cum-residence premises are allowable on proportionate basis: ITAT”

Blog, Income Tax

August 5, 2021

Analysis of the Taxation Laws (Amendment) Bill, 2021

1. Introduction Section 9 enumerates … Continue reading “Analysis of the Taxation Laws (Amendment) Bill, 2021”

Blog, News, Income Tax

August 5, 2021

No additions towards gifts if assessee duly produced declarations of donors confirming gifts: ITAT

Case details: Smt. Tapasi Singh … Continue reading “No additions towards gifts if assessee duly produced declarations of donors confirming gifts: ITAT”

Blog, News, Income Tax

August 5, 2021

HC directed AO to allow ‘Karti P. Chidambaram’ to cross-examine persons who have given statement against him

Case details: Karti P.Chidambaram v. … Continue reading “HC directed AO to allow ‘Karti P. Chidambaram’ to cross-examine persons who have given statement against him”

Blog, News, Income Tax

August 4, 2021

Sec. 10(23C) exemption isn’t a perpetual relief; assessee can seek to surrender approval granted u/s 10(23C)

Case details: Telangana State Pollution … Continue reading “Sec. 10(23C) exemption isn’t a perpetual relief; assessee can seek to surrender approval granted u/s 10(23C)”

Blog, News, Income Tax

August 4, 2021

No denial of exemption if surplus earned on incidental activities was ploughed back for use towards trust’s object: ITAT

Case details: DCIT v. JMJ … Continue reading “No denial of exemption if surplus earned on incidental activities was ploughed back for use towards trust’s object: ITAT”

News, Blog, Income Tax

August 3, 2021

No reassessment if disputed transaction was already considered in block assessment as well in sec. 263 revision: HC

Case details: Seshasayee Paper & … Continue reading “No reassessment if disputed transaction was already considered in block assessment as well in sec. 263 revision: HC”

Blog, News, Income Tax

August 3, 2021

Revisiting Tax Policy & Administration Imperatives: Adapting The ‘New Normal’

Aseem Chawla – [2021] 129 … Continue reading “Revisiting Tax Policy & Administration Imperatives: Adapting The ‘New Normal’”

Blog, Income Tax

August 4, 2021

What are the Benefits Available for Start-Ups under the Income Tax Act

Table of Contents: 1. Deduction … Continue reading “What are the Benefits Available for Start-Ups under the Income Tax Act”

Blog, News, Income Tax

August 2, 2021

CBDT omits certain Rules & Forms; Board to specify e-filing of Forms which are prescribed in Appendix II

Notification No. 83/2021, dated 29-07-2021 … Continue reading “CBDT omits certain Rules & Forms; Board to specify e-filing of Forms which are prescribed in Appendix II”