Income Tax

Blog, Income Tax

April 12, 2024

Validity of Reassessment – Case Studies | Case Laws

Reassessment refers to the process … Continue reading “Validity of Reassessment – Case Studies | Case Laws”

Blog, News, Income Tax

April 11, 2024

CBDT Couldn’t Condone Delay to Carry Forward Loss if Same Wasn’t Even Claimed in Original ITR | HC

Case Details: Gaurangbhai Chimanbhai Kapadiya … Continue reading “CBDT Couldn’t Condone Delay to Carry Forward Loss if Same Wasn’t Even Claimed in Original ITR | HC”

Blog, News, Income Tax

April 11, 2024

India Strengthens Bilateral Ties With Mauritius | Enters Protocol to Amend DTAA to Make It Compliant With BEPS

Press Release, dated 13-03-2024 On … Continue reading “India Strengthens Bilateral Ties With Mauritius | Enters Protocol to Amend DTAA to Make It Compliant With BEPS”

Blog, News, Income Tax

April 10, 2024

No Special Drive to Re-Open Cases of Mismatch in HRA Claims | CBDT

Press Release, dated 08-04-2024 The … Continue reading “No Special Drive to Re-Open Cases of Mismatch in HRA Claims | CBDT”

Blog, News, Income Tax

April 10, 2024

AO Can’t Insist Upon Depositing 20% of Disputed Demand Without Considering Undue Hardship of Assessee | HC

Case Details: Sushen Mohan Gupta … Continue reading “AO Can’t Insist Upon Depositing 20% of Disputed Demand Without Considering Undue Hardship of Assessee | HC”

News, Blog, Income Tax

April 9, 2024

No Additions if Cash Deposits Were Made in Joint Bank Account Held With Father Who Duly Offered Interest in His ITR

Case Details: Alok Keswani v. … Continue reading “No Additions if Cash Deposits Were Made in Joint Bank Account Held With Father Who Duly Offered Interest in His ITR”

Blog, News, Income Tax

April 8, 2024

CBDT’s Circular Not Extending Time for Filing Application for Sec. 80G Approval for New Trust is Arbitrary | HC

Case Details: Sri Nrisimha Priya … Continue reading “CBDT’s Circular Not Extending Time for Filing Application for Sec. 80G Approval for New Trust is Arbitrary | HC”

Blog, News, Income Tax

April 8, 2024

CBDT Issues Corrigendum to Notification on Time Limit to Verify Income-Tax Returns

Corrigendum to Notification No. 02 … Continue reading “CBDT Issues Corrigendum to Notification on Time Limit to Verify Income-Tax Returns”

Blog, News, Income Tax

April 8, 2024

CBDT Enables Filing of Commonly Used ITR Forms 1, 2 and 4 on E-filing Portal From 01-04-2024

Image Press Release, dated 04-04-2024 … Continue reading “CBDT Enables Filing of Commonly Used ITR Forms 1, 2 and 4 on E-filing Portal From 01-04-2024”

Blog, News, Income Tax

April 8, 2024

No Penalty for Declaring Gain as LTCG Instead of STCG if Entire Tax Was Paid Before Assessment Order | HC

Image Case Details: Vijay Bhagwandas … Continue reading “No Penalty for Declaring Gain as LTCG Instead of STCG if Entire Tax Was Paid Before Assessment Order | HC”