Income Tax

Blog, Income Tax

April 18, 2024

[Analysis] Valuation and Discounted Cash Flow (DCF) Method

The Discounted Cash Flow (DCF) … Continue reading “[Analysis] Valuation and Discounted Cash Flow (DCF) Method”

Blog, Income Tax

April 18, 2024

Structure of a Taxing Statutes – Definition Clause | Legal Fiction | Marginal Notes

A taxing statute is a … Continue reading “Structure of a Taxing Statutes – Definition Clause | Legal Fiction | Marginal Notes”

Blog, News, Income Tax

April 16, 2024

Sum Received From Employer on Account of Out-of-Court Settlement Isn’t Taxable as Profit in Lieu of Salary | ITAT

Case Details: ITO v. Avirook … Continue reading “Sum Received From Employer on Account of Out-of-Court Settlement Isn’t Taxable as Profit in Lieu of Salary | ITAT”

Blog, News, Income Tax

April 16, 2024

Loss on Forward Foreign Exchange Contracts to Be Treated as Speculative if No Nexus Established With Business | ITAT

Case Details: DCIT v. Standard … Continue reading “Loss on Forward Foreign Exchange Contracts to Be Treated as Speculative if No Nexus Established With Business | ITAT”

Blog, News, Income Tax

April 15, 2024

Elections Ahead, Not Civil War | HC Denies Plea to Delay CA Exams Due to Lok Sabha Elections

Case Details: Harish Chandar T … Continue reading “Elections Ahead, Not Civil War | HC Denies Plea to Delay CA Exams Due to Lok Sabha Elections”

Blog, Insolvency and Bankruptcy Code, Company Law, Income Tax

April 15, 2024

[Analysis] Capital Restructuring Tax Impact on Company and Shareholders

Capital Restructuring refers to a … Continue reading “[Analysis] Capital Restructuring Tax Impact on Company and Shareholders”

Blog, Income Tax

April 15, 2024

Critical Analysis of Section 37 of the Income Tax Act, 1961

Section 37 of the Income … Continue reading “Critical Analysis of Section 37 of the Income Tax Act, 1961”

Blog, News, Income Tax

April 12, 2024

Sale Consideration of Shares Not to Be Considered as Turnover of Share Broker | ITAT

Case Details: Parag Hashmukhbhai Davda … Continue reading “Sale Consideration of Shares Not to Be Considered as Turnover of Share Broker | ITAT”

Blog, News, Income Tax

April 12, 2024

Time-limit U/s 149(1)(B) is for Issuing Notice After Recording Reasons & Not for Furnishing Copy of Reasons to Assessee

Case Details: Bangalore Turf Club … Continue reading “Time-limit U/s 149(1)(B) is for Issuing Notice After Recording Reasons & Not for Furnishing Copy of Reasons to Assessee”

Blog, News, Income Tax

April 12, 2024

[Opinion] Intangible Assets [IA] Acquired Through Business Combination | Tax Implications

Anil Chachra – [2024] 161 … Continue reading “[Opinion] Intangible Assets [IA] Acquired Through Business Combination | Tax Implications”