Income Tax

News, Blog, Income Tax

April 25, 2024

CBDT Notifies ‘Shree Ramanuj Kot Laxmi Venkatesh Mandir’ for Purposes of Sec. 80G Exemption

Notification No. 40/2024, dated 23-04-2024 … Continue reading “CBDT Notifies ‘Shree Ramanuj Kot Laxmi Venkatesh Mandir’ for Purposes of Sec. 80G Exemption”

Blog, News, Income Tax

April 25, 2024

Settlement Commission is Empowered to Levy Penalty for Concealment of Income | HC

Case Details: Rajendra Prasad Agarwal … Continue reading “Settlement Commission is Empowered to Levy Penalty for Concealment of Income | HC”

Blog, News, Income Tax

April 24, 2024

HC Slams PCCIT for Granting Approval to Reassessment Without Considering That There Was No Escapement of Income

Case Details: Vodafone India Ltd … Continue reading “HC Slams PCCIT for Granting Approval to Reassessment Without Considering That There Was No Escapement of Income”

Blog, News, Income Tax

April 24, 2024

[Opinion] Valuing Art In Light of Section 132 of the Income Tax Act 1961

Nitesh Shrivastava – [2024] 161 … Continue reading “[Opinion] Valuing Art In Light of Section 132 of the Income Tax Act 1961”

Blog, Advisory, Income Tax

April 24, 2024

[Practical Guide] to Lower or NIL TDS Certificate for NRIs

A Lower or NIL TDS … Continue reading “[Practical Guide] to Lower or NIL TDS Certificate for NRIs”

News, Blog, Income Tax

April 24, 2024

Net Provisional Direct Tax Collections for FY 2023-24 Exceeds Union Budget Estimates by 7.40% | CBDT

Press Release, dated 21-04-2024 The … Continue reading “Net Provisional Direct Tax Collections for FY 2023-24 Exceeds Union Budget Estimates by 7.40% | CBDT”

Blog, News, Income Tax

April 22, 2024

HC Allows Use of Seized Docs From Lawyer’s Office if They Were Incriminating Against Assessee

Case Details: Maulikkumar Satishbhai Sheth … Continue reading “HC Allows Use of Seized Docs From Lawyer’s Office if They Were Incriminating Against Assessee”

Blog, News, Income Tax

April 22, 2024

Trust Not Ineligible for Sec. 12A Registration Just Because Some of Its Objects Are Restricted to ‘Sunni Muslims’

Case Details: Sunni Muslim Jamat … Continue reading “Trust Not Ineligible for Sec. 12A Registration Just Because Some of Its Objects Are Restricted to ‘Sunni Muslims’”

News, Blog, Income Tax

April 20, 2024

No Additions Relying on Whatsapp Images in iPhone if No Corroboration Evidence Was Found During Search | ITAT

Case Details: Shanker Nebhumal Uttamchandan … Continue reading “No Additions Relying on Whatsapp Images in iPhone if No Corroboration Evidence Was Found During Search | ITAT”

Blog, News, Income Tax

April 18, 2024

Sec. 153C Proceedings Can Be Initiated Only if Seized Material is Likely to Have Bearing on Determination of Income

Case Details: Saksham Commodities Ltd. … Continue reading “Sec. 153C Proceedings Can Be Initiated Only if Seized Material is Likely to Have Bearing on Determination of Income”