Income Tax

Blog, News, Income Tax

November 11, 2024

Interest Earned on Short-Term Deposits of Funds Received From Govt. Funds is Capital Receipt | HC

Case Details: HLL BIOTECH Ltd. … Continue reading “Interest Earned on Short-Term Deposits of Funds Received From Govt. Funds is Capital Receipt | HC”

Blog, News, Income Tax

October 26, 2024

No Denial of Sec. 194Q TDS Credit as ‘Kachha Arhatia’ Had No Domain Over Goods Sold to Principal Buyers

Case Details: Kamlesh Kumar Jain … Continue reading “No Denial of Sec. 194Q TDS Credit as ‘Kachha Arhatia’ Had No Domain Over Goods Sold to Principal Buyers”

Blog, News, Income Tax

October 25, 2024

[Opinion] Suggestions for Direct Tax Committee for Making Necessary Changes in IT Act Provisions Relating to Prosecution

Ruchesh Sinha – [2024] 167 … Continue reading “[Opinion] Suggestions for Direct Tax Committee for Making Necessary Changes in IT Act Provisions Relating to Prosecution”

Blog, News, Income Tax

October 25, 2024

PCIT’s Approval of Reassessment Notice by Merely Writing ‘Yes, I am Satisfied’ Is Not Valid | HC

Case Details: Capital Broadways (P.) … Continue reading “PCIT’s Approval of Reassessment Notice by Merely Writing ‘Yes, I am Satisfied’ Is Not Valid | HC”

Blog, Income Tax

October 24, 2024

[Practical Case Study] Taxation of Undisclosed Income – Key Provisions Under Sections 68 to 69D

The taxation of undisclosed income … Continue reading “[Practical Case Study] Taxation of Undisclosed Income – Key Provisions Under Sections 68 to 69D”

Blog, News, Income Tax

October 24, 2024

Assessee Entitled to Carry Forward Reduced MAT Credit for Payment of Taxes Under Vivad Se Vishwas Scheme | HC

Case Details: Vapi Care Pharma … Continue reading “Assessee Entitled to Carry Forward Reduced MAT Credit for Payment of Taxes Under Vivad Se Vishwas Scheme | HC”

Blog, Income Tax

October 23, 2024

Capital Asset Explained – Section 2(14) of the Income Tax Act

Under Section 2(14) of the … Continue reading “Capital Asset Explained – Section 2(14) of the Income Tax Act”

Blog, Advisory, Income Tax

October 25, 2024

[FAQs] How to File for Compounding of Offences Under the New CBDT Guidelines

Compounding of offences under the … Continue reading “[FAQs] How to File for Compounding of Offences Under the New CBDT Guidelines”

Blog, Income Tax

October 23, 2024

Escaped Income Under Section 148A – Reassessment Process Explained

Escaped income under Section 148A … Continue reading “Escaped Income Under Section 148A – Reassessment Process Explained”

Blog, News, Income Tax

October 23, 2024

Supreme Court Recalled Its Ruling in Which It Declared Certain Provisions of Benami Act Unconstitutional

Case Details: Union of India … Continue reading “Supreme Court Recalled Its Ruling in Which It Declared Certain Provisions of Benami Act Unconstitutional”