Income Tax

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”

Blog, News, 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”

News, Blog, 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”

Blog, News, Income Tax

April 5, 2024

No Coercive Action Against Congress to Recover Rs. 3,500 Crores Till Lok Sabha Elections | SC

Case Details: Indian National Congress … Continue reading “No Coercive Action Against Congress to Recover Rs. 3,500 Crores Till Lok Sabha Elections | SC”

Blog, News, Income Tax

April 5, 2024

Income-Tax Act Has No Provision to Grant Refund of Relief Granted Under Section 89 | HC

Case Details: Gurmit Singh Vilkhu … Continue reading “Income-Tax Act Has No Provision to Grant Refund of Relief Granted Under Section 89 | HC”

Blog, News, Income Tax

April 5, 2024

Completed Assessment Can’t Be Invalidated/Reopened Merely Relying Upon SC’s Ruling in Ashish Agarwal Case | HC

Case Details: Anindita Sengupta vs. … Continue reading “Completed Assessment Can’t Be Invalidated/Reopened Merely Relying Upon SC’s Ruling in Ashish Agarwal Case | HC”