Income Tax

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August 13, 2024

[Opinion] Rationalisation of Exemptions available to Charitable Entities

CA Akash Agarwal – [2024] … Continue reading “[Opinion] Rationalisation of Exemptions available to Charitable Entities”

Blog, News, Income Tax

August 13, 2024

Loss Due to Robbery of Stock-In-Trade of Prior Year Allowable in Subsequent Year if Recovery Seems Unlikely | ITAT

Case Details: Shri Meenawala Castings … Continue reading “Loss Due to Robbery of Stock-In-Trade of Prior Year Allowable in Subsequent Year if Recovery Seems Unlikely | ITAT”

News, Blog, Income Tax

August 12, 2024

Order Passed by an Authority Without Jurisdiction Is Void Ab Initio; Can’t Be Enforced | HC

Case Details: PCIT v. Divine … Continue reading “Order Passed by an Authority Without Jurisdiction Is Void Ab Initio; Can’t Be Enforced | HC”

Blog, News, Income Tax

August 9, 2024

Changes Proposed in the Finance (No. 2) Bill as Passed by the Lok Sabha

On August 7, 2024, the … Continue reading “Changes Proposed in the Finance (No. 2) Bill as Passed by the Lok Sabha”

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August 8, 2024

[Opinion] Vivad Se Vishwas Scheme 2024 | A Step Further in an Endeavor to Reduce Pending Litigation

Anjana Singh & Parul Shah … Continue reading “[Opinion] Vivad Se Vishwas Scheme 2024 | A Step Further in an Endeavor to Reduce Pending Litigation”

Blog, News, Income Tax

August 8, 2024

Sale of Right & Interest in Shares Not Taxable If Same Were Acquired Through Agreement Executed Outside India | ITAT

Case Details: Nikesh Arora vs. … Continue reading “Sale of Right & Interest in Shares Not Taxable If Same Were Acquired Through Agreement Executed Outside India | ITAT”

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August 7, 2024

No Higher TDS/TCS If Deductee/Collectee Dies On or Before 31-05-24 Without Linking PAN-Aadhaar | CBDT

Circular no. 8/2024, dated 05-08-2024 … Continue reading “No Higher TDS/TCS If Deductee/Collectee Dies On or Before 31-05-24 Without Linking PAN-Aadhaar | CBDT”

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August 7, 2024

ITAT Quashed Order as AO Started Making Enquiries on Loans Even Before Converting Case Into Full Scrutiny

Case Details: Sukhdham Infrastructures LLP … Continue reading “ITAT Quashed Order as AO Started Making Enquiries on Loans Even Before Converting Case Into Full Scrutiny”

Blog, News, Income Tax

August 6, 2024

[Opinion] Critical Appreciation of Amendments Proposed in Finance (No. 2) Bill, 2024

CA V K Subramani – … Continue reading “[Opinion] Critical Appreciation of Amendments Proposed in Finance (No. 2) Bill, 2024”

Blog, News, Income Tax

August 6, 2024

HC Quashed Reassessment Notice Issued by JAO Without Conducting Faceless Assessment as Envisaged u/s 144B

Case Details: Jasjit Singh v. … Continue reading “HC Quashed Reassessment Notice Issued by JAO Without Conducting Faceless Assessment as Envisaged u/s 144B”