Income Tax

Blog, News, Income Tax

May 2, 2024

Rectification Order Disallowing Carry Forward of Loss Without Granting Hearing Opportunity to Assessee is Invalid | HC

Case Details: Apollo Speciality Hospitals … Continue reading “Rectification Order Disallowing Carry Forward of Loss Without Granting Hearing Opportunity to Assessee is Invalid | HC”

Blog, News, Income Tax

May 2, 2024

[Opinion] Tax Assessment of A Person Other Than The One Searched: A Deer in The Headlights -‘Cascading Effect’ Not Any Longer!!

Aseem Chawla – [2024] 162 … Continue reading “[Opinion] Tax Assessment of A Person Other Than The One Searched: A Deer in The Headlights -‘Cascading Effect’ Not Any Longer!!”

Blog, News, Income Tax

May 1, 2024

No Obligation to Pay Advance Tax if There is No Taxable Income | Appeal Can’t Be Dismissed for Sec. 249(4) Non-compliance

Case Details: Vishnusharan Chandravanshi vs. … Continue reading “No Obligation to Pay Advance Tax if There is No Taxable Income | Appeal Can’t Be Dismissed for Sec. 249(4) Non-compliance”

News, Blog, Income Tax

April 30, 2024

[Opinion] Potential Areas of Conflict of PMLA and Income Tax Act

Prashant Kr Jha & Piyush … Continue reading “[Opinion] Potential Areas of Conflict of PMLA and Income Tax Act”

Blog, News, Income Tax

April 30, 2024

AO Can’t Deny Sec. 11 Exemption on Notional Interest Income on Advance Given to Specified Person | ITAT

Case Details: Rastogi Education Society … Continue reading “AO Can’t Deny Sec. 11 Exemption on Notional Interest Income on Advance Given to Specified Person | ITAT”

News, Blog, Income Tax

April 29, 2024

Brokerage Exp. On Sale of Property Allowable Even if There Was No Written Agreement With Broker | ITAT

Case Details: Sunil Kapoor v. … Continue reading “Brokerage Exp. On Sale of Property Allowable Even if There Was No Written Agreement With Broker | ITAT”

Blog, News, Income Tax

April 29, 2024

Assessment Order Passed After Approval of Resolution Plan by NCLT is Not Part of Claim to Be Made Before RP | HC

Case Details: Surya Exim Ltd. … Continue reading “Assessment Order Passed After Approval of Resolution Plan by NCLT is Not Part of Claim to Be Made Before RP | HC”

Blog, News, Income Tax

April 27, 2024

AO Can’t Initiate New Controversy in Garb of Giving Effect to Order of Tribunal | HC

Case Details: Ayyappa Seva Samgham … Continue reading “AO Can’t Initiate New Controversy in Garb of Giving Effect to Order of Tribunal | HC”

Blog, News, Income Tax

April 26, 2024

No Liability to Deduct/Collect Tax at Higher Rates if Payee Links Pan-Aadhaar by May 31, 2024 | CBDT

Circular no. 6/2024, dated 23-04-2024 … Continue reading “No Liability to Deduct/Collect Tax at Higher Rates if Payee Links Pan-Aadhaar by May 31, 2024 | CBDT”

Blog, News, Income Tax

April 26, 2024

AO Can’t Question Valuation Done by Stamp Duty Authority While Invoking Provisions of Section 43CA | ITAT

Case Details: Sharnam Realities (P.) … Continue reading “AO Can’t Question Valuation Done by Stamp Duty Authority While Invoking Provisions of Section 43CA | ITAT”