Income Tax

Blog, Income Tax

May 31, 2024

Understanding Income Tax Provisions for Indian Online Gaming Companies

Indian online gaming companies must … Continue reading “Understanding Income Tax Provisions for Indian Online Gaming Companies”

Blog, News, Income Tax

May 31, 2024

CBDT Excludes ‘RBI’ from List of Specified Persons for Higher Tax Deduction/Collection u/s 206AB and 206CCA

S.O. 2106(E) & S.O. 2107(E), … Continue reading “CBDT Excludes ‘RBI’ from List of Specified Persons for Higher Tax Deduction/Collection u/s 206AB and 206CCA”

News, Blog, Income Tax

May 31, 2024

ITAT Can’t Recall Its Order Based on Subsequent Judgment of Supreme Court | Mumbai ITAT

Case Details: DCIT vs. ANI … Continue reading “ITAT Can’t Recall Its Order Based on Subsequent Judgment of Supreme Court | Mumbai ITAT”

Blog, News, Income Tax

May 30, 2024

AO Isn’t Required to Pass Speaking Order for Adjustments Made in Sec. 143(1)(a) Intimation Based on Tax Audit Report

Case Details: Joyo Plastics vs. … Continue reading “AO Isn’t Required to Pass Speaking Order for Adjustments Made in Sec. 143(1)(a) Intimation Based on Tax Audit Report”

Blog, Income Tax

May 30, 2024

Nestle’s Royalty Payments – Impact on Shareholders and Tax Concerns

Nestle India pays royalties to … Continue reading “Nestle’s Royalty Payments – Impact on Shareholders and Tax Concerns”

Blog, News, Income Tax

May 29, 2024

No Separate Notice is to Be Issued to Joint Account Holder for Recovery of Tax Dues From Primary Account Holder | HC

Case Details: Pratik Chimanbhai Gami … Continue reading “No Separate Notice is to Be Issued to Joint Account Holder for Recovery of Tax Dues From Primary Account Holder | HC”

News, Blog, Income Tax

May 29, 2024

Mistake of Lawyer or Accountant is a Good Reason for Condonation of Delay in Filing Appeal | ITAT

Case Details: Chirag P. Thummar … Continue reading “Mistake of Lawyer or Accountant is a Good Reason for Condonation of Delay in Filing Appeal | ITAT”

Blog, News, Income Tax

May 28, 2024

CIT(E) Has Power to Correct Mistake in Filing Application for Registration u/s 12AB | ITAT

Case Details: Shree Swaminarayan Gadi … Continue reading “CIT(E) Has Power to Correct Mistake in Filing Application for Registration u/s 12AB | ITAT”

Blog, News, Income Tax

May 28, 2024

CBDT Notified ‘363’ Cost Inflation Index (CII) for Financial Year 2024-25

Notification No. 44/2024, dated 24-05-2024 … Continue reading “CBDT Notified ‘363’ Cost Inflation Index (CII) for Financial Year 2024-25”

News, Blog, Income Tax

May 27, 2024

No Additions Invoking Sec. 69B if Exp. Was Held Disallowable u/s 40A(3) & Not for Unexplained Exp. | ITAT

Case Details: Gurinder Makkar vs … Continue reading “No Additions Invoking Sec. 69B if Exp. Was Held Disallowable u/s 40A(3) & Not for Unexplained Exp. | ITAT”