Income Tax

Blog, News, Income Tax

June 26, 2024

No Separate Addition Towards Commission Paid on Bogus Purchases if Gross Profit on Sales Was Offered to Tax | ITAT

Case Details: Seo Lehenga House … Continue reading “No Separate Addition Towards Commission Paid on Bogus Purchases if Gross Profit on Sales Was Offered to Tax | ITAT”

Blog, News, Income Tax

June 25, 2024

[Opinion] Role of Acquiescence in Income-tax Matters

CA S. Krishnan – [2024] … Continue reading “[Opinion] Role of Acquiescence in Income-tax Matters”

Blog, News, Income Tax

June 25, 2024

CBDT to Provide All Relevant Documents to Assessee Before Rejecting Its Application for Condonation of Delay | HC

Case Details: Tata Autocomp Gotion … Continue reading “CBDT to Provide All Relevant Documents to Assessee Before Rejecting Its Application for Condonation of Delay | HC”

News, Blog, Income Tax

June 25, 2024

[Opinion] Can GAAR Override SAAR? Are We Reading Too Much Into the Telangana HC Judgement?

Mayank Mohanka – [2024] 163 … Continue reading “[Opinion] Can GAAR Override SAAR? Are We Reading Too Much Into the Telangana HC Judgement?”

Blog, News, Income Tax

June 25, 2024

Sec. 50C Not Applicable on Transfer of Leasehold Rights in Land and Building | ITAT

Case Details: Shivdeep Tyagi vs. … Continue reading “Sec. 50C Not Applicable on Transfer of Leasehold Rights in Land and Building | ITAT”

Blog, News, Income Tax

June 22, 2024

Relief u/s 54 Allowable Even if Sale Deed Wasn’t Registered if Assessee Had Executed Agreement to Sale | ITAT

Case Details: Umesh Sumanlal Shah … Continue reading “Relief u/s 54 Allowable Even if Sale Deed Wasn’t Registered if Assessee Had Executed Agreement to Sale | ITAT”

Blog, News, Income Tax

June 21, 2024

CIT(E) Can’t Reject Trust’s Application Without Serving Hearing Notice as Per Provisions of Sec. 282 | ITAT

Case Details: Idream Social Edtech … Continue reading “CIT(E) Can’t Reject Trust’s Application Without Serving Hearing Notice as Per Provisions of Sec. 282 | ITAT”

Blog, News, Income Tax

June 21, 2024

[Opinion] Let’s Reassess the Efficacy of New Reassessment Scheme

Dr. Rakesh Gupta & Adv … Continue reading “[Opinion] Let’s Reassess the Efficacy of New Reassessment Scheme”

Blog, News, Income Tax

June 20, 2024

Non-service of Order & Its Unsigned Copy Uploaded on ITBA Portal Don’t Make Sec. 263 Proceedings Invalid | ITAT

Case Details: Ramasamy Sathyan Vs. … Continue reading “Non-service of Order & Its Unsigned Copy Uploaded on ITBA Portal Don’t Make Sec. 263 Proceedings Invalid | ITAT”

Blog, News, Income Tax

June 19, 2024

[Opinion] Reading of Applicability of Provisions of Section 271D of the Income-tax Act by Tribunal Benches

S. Krishnan – [2024] 163 … Continue reading “[Opinion] Reading of Applicability of Provisions of Section 271D of the Income-tax Act by Tribunal Benches”