Income Tax

Blog, News, Income Tax

July 20, 2021

HC set-aside faceless assessment order as it was passed without issuing draft assessment order

Case details: Anju Jalaj Batra … Continue reading “HC set-aside faceless assessment order as it was passed without issuing draft assessment order”

Blog, News, Income Tax

July 20, 2021

Mere mention of name in account opening form of Foreign Bank does not establish beneficial ownership: ITAT

Case details: ACIT v. Jatinder … Continue reading “Mere mention of name in account opening form of Foreign Bank does not establish beneficial ownership: ITAT”

Blog, News, Income Tax

July 20, 2021

Validity of CBDT’s notification extending time to issue Sec. 148 notice after 31-03-2021 challenged before HC

Case details: Sahil International v. … Continue reading “Validity of CBDT’s notification extending time to issue Sec. 148 notice after 31-03-2021 challenged before HC”

Blog, News, Income Tax

July 14, 2021

Payment of speed money to workers to get work completed quickly allowable as business exp.: High Court

Case details: Sri Ganesh Shipping … Continue reading “Payment of speed money to workers to get work completed quickly allowable as business exp.: High Court”

Blog, Income Tax

October 19, 2022

20 REVISED DUE DATES under the Income-tax Act

Table of Contents:  1. Equalisation … Continue reading “20 REVISED DUE DATES under the Income-tax Act”

Blog, News, Income Tax

July 15, 2021

Advance for share application money can’t be treated as loan just because shares were allotted after delay of 6 months: ITAT

Case details: Essar Power Ltd. … Continue reading “Advance for share application money can’t be treated as loan just because shares were allotted after delay of 6 months: ITAT”

News, Blog, Income Tax

July 15, 2021

Govt. announces issue price of Sovereign Gold Bond Scheme 2021-22 – Series IV

Press Release, dated 09-07-2021 The … Continue reading “Govt. announces issue price of Sovereign Gold Bond Scheme 2021-22 – Series IV”

Blog, Income Tax

July 12, 2021

Case Studies on Computation of Capital Gains on Dissolution or Reconstitution of a Partnership Firm

Topics covered in this article … Continue reading “Case Studies on Computation of Capital Gains on Dissolution or Reconstitution of a Partnership Firm”

Blog, News, Income Tax

July 15, 2021

No denial of Sec. 11 exemption to trust if running hostel for its dental college was statutory obligation: HC

Case details: Daya Nand Pushpa … Continue reading “No denial of Sec. 11 exemption to trust if running hostel for its dental college was statutory obligation: HC”

News, Blog, Income Tax

July 15, 2021

CBDT notifies rule for computation of capital gain & WDV u/s 50 if dep. was claimed on goodwill

Notification No. 77/2021, dated 07-07-2021 … Continue reading “CBDT notifies rule for computation of capital gain & WDV u/s 50 if dep. was claimed on goodwill”