Income Tax

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November 15, 2024

[Opinion] Tax Order Frozen, Bank Locker Unfreezed

Meenakshi Subramaniam – [2024] 168 … Continue reading “[Opinion] Tax Order Frozen, Bank Locker Unfreezed”

Blog, News, Income Tax

November 14, 2024

CBDT Notifies ‘Petroleum and Natural Gas Regulatory Board’ for Sec. 10(46A) Exemption

Notification No. 118/2024, dated 12-11-2024 … Continue reading “CBDT Notifies ‘Petroleum and Natural Gas Regulatory Board’ for Sec. 10(46A) Exemption”

Blog, News, Income Tax

November 14, 2024

No Sec. 28(iv) Additions If Assets Imported for Testing Were Returned or Destroyed by Assessee | ITAT

Case Details: Samsung R & … Continue reading “No Sec. 28(iv) Additions If Assets Imported for Testing Were Returned or Destroyed by Assessee | ITAT”

Blog, Income Tax

November 13, 2024

Disputed Penalty | Interest | Fee under DTVSV – Calculation | Guidelines

Under the Direct Tax Vivad … Continue reading “Disputed Penalty | Interest | Fee under DTVSV – Calculation | Guidelines”

Blog, News, Income Tax

November 13, 2024

No Sec. 263 Revision If AO Allowed Sec. 10(23C) Exemption Based on Correct Appreciation of Facts and Law | ITAT

Case Details: Dr. Babasaheb Ambedkar … Continue reading “No Sec. 263 Revision If AO Allowed Sec. 10(23C) Exemption Based on Correct Appreciation of Facts and Law | ITAT”

News, Blog, Income Tax

November 12, 2024

AO Can’t Tax Unutilized Amount in CGAS a/c Before the Expiry of 3 Years from Date of Transfer of Asset | ITAT

Case Details: Digamber Madhav Chaudhary … Continue reading “AO Can’t Tax Unutilized Amount in CGAS a/c Before the Expiry of 3 Years from Date of Transfer of Asset | ITAT”

Blog, News, Income Tax

November 12, 2024

[Opinion] Interpretative Doctrines Embodied in Rajeev Bansal Decision

S. Mathangi – [2024] 168 … Continue reading “[Opinion] Interpretative Doctrines Embodied in Rajeev Bansal Decision”

Blog, News, Income Tax

November 11, 2024

Rental Income of Co-Owners to Be Assessed as AOP Income if No Defined Share is Allotted to Them | HC

Case Details: Y. S. & … Continue reading “Rental Income of Co-Owners to Be Assessed as AOP Income if No Defined Share is Allotted to Them | HC”

Blog, Income Tax

November 8, 2024

Section 115QA Buy-Back Tax Amendment – What Shareholders Need to Know

The amendment to Section 115QA … Continue reading “Section 115QA Buy-Back Tax Amendment – What Shareholders Need to Know”

Blog, News, Income Tax

November 8, 2024

No Disallowance of Salary Just Because Employee Gave It Back as Interest-Free Loan to Employer | ITAT

Case Details: M S Hostel … Continue reading “No Disallowance of Salary Just Because Employee Gave It Back as Interest-Free Loan to Employer | ITAT”