Income Tax

Blog, News, Income Tax

December 17, 2024

Bitcoin Was Capital Asset Before 01.04.2022; LTCG on Sale of Bitcoin Eligible for Sec. 54F Exemption | ITAT

Case Details: Raunaq Prakash Jain … Continue reading “Bitcoin Was Capital Asset Before 01.04.2022; LTCG on Sale of Bitcoin Eligible for Sec. 54F Exemption | ITAT”

Blog, News, Income Tax

December 16, 2024

New CBDT Circular Lacks Exception Clause for Filing Appeals Below Monetary Limits | HC

Case Details: Dr. Dipankar Banerjee … Continue reading “New CBDT Circular Lacks Exception Clause for Filing Appeals Below Monetary Limits | HC”

News, Blog, Income Tax

December 13, 2024

[Opinion] Compliance of Any Other Law for the Time Being in Force – Trust Law | Scope & Its Effects

CA Naresh Kumar Kabra & … Continue reading “[Opinion] Compliance of Any Other Law for the Time Being in Force – Trust Law | Scope & Its Effects”

Blog, News, Income Tax

December 13, 2024

Broker Facilitating Transactions Between Clients & NSEL Isn’t Liable to Deduct TDS u/s 194A from Fixed Returns Paid to Investors | ITAT

Case Details: DCIT vs. Anand … Continue reading “Broker Facilitating Transactions Between Clients & NSEL Isn’t Liable to Deduct TDS u/s 194A from Fixed Returns Paid to Investors | ITAT”

Blog, News, Income Tax

December 12, 2024

Central Government Notifies Special Courts Under the Income-Tax & Black Money Act

Notification No.126 /2024, dated 10-12-2024 … Continue reading “Central Government Notifies Special Courts Under the Income-Tax & Black Money Act”

Blog, News, Income Tax

December 12, 2024

Sec. 50C’s Legal Fiction Not Applicable for WDV Calculation in Claiming Depreciation on Asset Blocks

Case Details: 3A Composites India … Continue reading “Sec. 50C’s Legal Fiction Not Applicable for WDV Calculation in Claiming Depreciation on Asset Blocks”

Blog, News, Income Tax

December 11, 2024

HC Deleted Penalty as Delay in Obtaining Audit Report from Statutory Auditors Under Societies Act is a Reasonable Cause

Case Details: Chavakkad Service Co-Operative … Continue reading “HC Deleted Penalty as Delay in Obtaining Audit Report from Statutory Auditors Under Societies Act is a Reasonable Cause”

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December 10, 2024

[Opinion] The Continuing Competition – Non-Compete Fees and Its Characterisation

Dr Neha Pathakji – [2024] … Continue reading “[Opinion] The Continuing Competition – Non-Compete Fees and Its Characterisation”

News, Blog, Income Tax

December 10, 2024

MMR Includes Surcharge for Highest Income Slab Despite Assessee’s Income Being Below Rs. 50 Lakhs | ITAT

Case Details: Clestra Foundation vs. … Continue reading “MMR Includes Surcharge for Highest Income Slab Despite Assessee’s Income Being Below Rs. 50 Lakhs | ITAT”

Blog, News, Income Tax

December 9, 2024

[Opinion] Dwelling on the Disputes – ‘Residential Houses’ and Exemptions Under Sections 54 and 54F

Dr Neha Pathakji – [2024] … Continue reading “[Opinion] Dwelling on the Disputes – ‘Residential Houses’ and Exemptions Under Sections 54 and 54F”