Income Tax

News, Blog, 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”

News, Blog, 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”

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”