Income Tax

Blog, News, Income Tax

June 18, 2024

Assessment to Be Completed u/s 153A if Assessee Confirmed Info. About Foreign Bank by Filing Revised ITR During Search

Case Details: Rajinder Kumar vs. … Continue reading “Assessment to Be Completed u/s 153A if Assessee Confirmed Info. About Foreign Bank by Filing Revised ITR During Search”

Blog, News, Income Tax

June 17, 2024

[Opinion] Case Analysis: Hexaware Technologies Limited v. Assistant Commissioner of Income Tax & Ors.

CA Piyush Baid – [2024] … Continue reading “[Opinion] Case Analysis: Hexaware Technologies Limited v. Assistant Commissioner of Income Tax & Ors.”

Blog, News, Income Tax

June 17, 2024

AO Can’t Deny Sec. 11 Exemption if Diff. Between Rent Received From Specified Persons & Rental Value is Less Than 10%

Case Details: DCIT vs. Indian … Continue reading “AO Can’t Deny Sec. 11 Exemption if Diff. Between Rent Received From Specified Persons & Rental Value is Less Than 10%”

Blog, News, Income Tax

June 15, 2024

Reassessment Justified if AO Ignored Provisions of Sec. 14A and Circular No. 5/2014 While Completing Assessment

Case Details: T.K.Salim vs. Union … Continue reading “Reassessment Justified if AO Ignored Provisions of Sec. 14A and Circular No. 5/2014 While Completing Assessment”

ITR Week 2024-25, Blog, Income Tax

June 14, 2024

Income Tax Returns (ITR) | New Tax Regime vs. Old Tax Regime

The choice between the new … Continue reading “Income Tax Returns (ITR) | New Tax Regime vs. Old Tax Regime”

Blog, News, Income Tax

June 14, 2024

[Opinion] Game of Tax – Direct and Indirect Tax Nuances for the Gaming Industry

CA Parag Rathi & CA … Continue reading “[Opinion] Game of Tax – Direct and Indirect Tax Nuances for the Gaming Industry”

Blog, News, Income Tax

June 14, 2024

ITAT Set-aside Order Passed by Addl. CIT as No Separate Order Was Passed Authorizing Him to Perform Functions of AO

Case Details: Tata Steel Ltd. … Continue reading “ITAT Set-aside Order Passed by Addl. CIT as No Separate Order Was Passed Authorizing Him to Perform Functions of AO”

Blog, News, Income Tax

June 13, 2024

[Opinion] Beneficial Ownership Vs Shareholding | To Veil or Not?

Piyush Baid – [2024] 163 … Continue reading “[Opinion] Beneficial Ownership Vs Shareholding | To Veil or Not?”

Blog, News, Income Tax

June 13, 2024

HC Justified Invoking GAAR as Issuance of Bonus Shares Was an Artificial Arrangement to Avoid Tax Obligations

Case Details: Ayodhya Rami Reddy … Continue reading “HC Justified Invoking GAAR as Issuance of Bonus Shares Was an Artificial Arrangement to Avoid Tax Obligations”

Blog, News, Income Tax

June 12, 2024

[Opinion] Deductions Under Section 80JJAA of the Income Tax Act, 1961

Eshti Kapoor – [2024] 163 … Continue reading “[Opinion] Deductions Under Section 80JJAA of the Income Tax Act, 1961”