Income Tax

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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”

Blog, News, 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”

News, Blog, 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”

Blog, News, Income Tax

August 2, 2021

Business loss can be set off against income having attributes of business income even if same isn’t assessable under PGBP: HC

Case details: Nandi Steels Ltd. … Continue reading “Business loss can be set off against income having attributes of business income even if same isn’t assessable under PGBP: HC”

Blog, News, Income Tax

August 2, 2021

No additions if cash deposits during demonetization was actual cash sales of assessee supported with bills: ITAT

Case details: ACIT v. Hirapanna … Continue reading “No additions if cash deposits during demonetization was actual cash sales of assessee supported with bills: ITAT”

Blog, News, Income Tax

August 2, 2021

Tax Dept. conducts search on prominent group in Jharkhand engaged in real estate

Press Release, dated 29-07-2021 The … Continue reading “Tax Dept. conducts search on prominent group in Jharkhand engaged in real estate”

Blog, Income Tax

August 2, 2021

Conducting Inquiry, Providing Opportunity before Issue of Notice under Section 148 – Section 148A

Topics covered in this article … Continue reading “Conducting Inquiry, Providing Opportunity before Issue of Notice under Section 148 – Section 148A”