Income Tax

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”

News, Blog, 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”

Blog, News, 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”

Blog, News, 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”

Blog, News, Income Tax

July 15, 2021

Exp. incurred by MRF on establishing foundation to give training to pace bowlers allowable as business exp.: HC

Case details: MRF Ltd. v. … Continue reading “Exp. incurred by MRF on establishing foundation to give training to pace bowlers allowable as business exp.: HC”

Blog, News, Income Tax

July 15, 2021

Sec. 153C notices issued to ‘Karti P.Chidambaram’ valid as no mala fide/lack of jurisdiction was established: HC

Case details: Karti P. Chidambaram … Continue reading “Sec. 153C notices issued to ‘Karti P.Chidambaram’ valid as no mala fide/lack of jurisdiction was established: HC”

Blog, News, Income Tax

July 15, 2021

Fresh claim before Appellate Authority is admissible even same wasn’t claimed in ITR: Karnataka HC

Case details: PCIT v. Karnataka … Continue reading “Fresh claim before Appellate Authority is admissible even same wasn’t claimed in ITR: Karnataka HC”

News, Blog, Transfer Pricing, Income Tax

July 15, 2021

TPO cannot decide whether expenses incurred by assessee were necessary or not for business: ITAT

Case Details: DCIT v. Rabo … Continue reading “TPO cannot decide whether expenses incurred by assessee were necessary or not for business: ITAT”