Income Tax

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August 10, 2021

No rectification just because a different view is taken by same ITAT in another case: HC

Case details: P.T. Manuel & … Continue reading “No rectification just because a different view is taken by same ITAT in another case: HC”

Blog, News, Income Tax

August 10, 2021

No legal requirement to intimate assessee before transferring its case to another AO within same city: ITAT

Case details: Jaswantlal J. Shah … Continue reading “No legal requirement to intimate assessee before transferring its case to another AO within same city: ITAT”

Blog, News, Income Tax

August 9, 2021

Application of ‘Doctrine of Relation Back’ in Income Tax

Shubham Gupta & Mallika Agarwal … Continue reading “Application of ‘Doctrine of Relation Back’ in Income Tax”

Blog, News, Income Tax

June 24, 2022

Undisclosed income of Co. admitted by Director during search operation not taxable in hands of Director: ITAT

Case details: JCIT v. Narayana … Continue reading “Undisclosed income of Co. admitted by Director during search operation not taxable in hands of Director: ITAT”

Blog, News, Income Tax

August 7, 2021

Taxmann’s Analysis of the Taxation Laws (Amendment) Bill, 2021

The issue of taxability of … Continue reading “Taxmann’s Analysis of the Taxation Laws (Amendment) Bill, 2021”

Blog, News, Income Tax

August 6, 2021

Sec. 115BBE not applicable on income surrendered by assessee if AO didn’t find unexplained credit in books: ITAT

Case details: Bajaj Sons Ltd. … Continue reading “Sec. 115BBE not applicable on income surrendered by assessee if AO didn’t find unexplained credit in books: ITAT”

News, Blog, 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”