Income Tax

Blog, News, Income Tax

February 24, 2024

[Opinion] Income Tax & Balance Sheet Implications of SC Judgement on Unconstitutionality of Electoral Bonds

Mayank Mohanka – [2024] 159 … Continue reading “[Opinion] Income Tax & Balance Sheet Implications of SC Judgement on Unconstitutionality of Electoral Bonds”

Blog, News, Income Tax

February 24, 2024

Jurisdictional PCIT Can Exercise Power u/s 263 Over Order Passed By Faceless Assessment Unit | ITAT

Case Details: RDC Ventures vs. … Continue reading “Jurisdictional PCIT Can Exercise Power u/s 263 Over Order Passed By Faceless Assessment Unit | ITAT”

News, Blog, Income Tax

February 23, 2024

Compensation Received for Hardship Faced Due to Vacating Flat for Redevelopment Is Capital Receipt | ITAT

Case Details: Ajay Parasmal Kothari … Continue reading “Compensation Received for Hardship Faced Due to Vacating Flat for Redevelopment Is Capital Receipt | ITAT”

Blog, Advisory, Income Tax

April 25, 2024

[Analysis] CBDT’s Order on Withdrawal of Outstanding Tax Demand

Table of Contents Legislations covered … Continue reading “[Analysis] CBDT’s Order on Withdrawal of Outstanding Tax Demand”

Blog, News, Income Tax

February 23, 2024

[Opinion] It’s Curtains for Bond

Meenakshi Subramaniam – [2024] 159 … Continue reading “[Opinion] It’s Curtains for Bond”

Blog, News, Income Tax

February 21, 2024

CBDT Releases Order to Waive off Tax Demand Outstanding as of Jan 31, 2024; Capped at Rs. 1 Lakh per Assessee

Order, F.no. 375/02/2023, dated 13-02-2024 … Continue reading “CBDT Releases Order to Waive off Tax Demand Outstanding as of Jan 31, 2024; Capped at Rs. 1 Lakh per Assessee”

Blog, News, Income Tax

February 21, 2024

Discrepancy Between Property Values in ATS and Sale Deed Constitutes a Prima Facie Case for Income Escaping Assessment

Case Details: Smt. Geeta Devi … Continue reading “Discrepancy Between Property Values in ATS and Sale Deed Constitutes a Prima Facie Case for Income Escaping Assessment”

News, Blog, Income Tax

February 21, 2024

[Opinion] Emerging Issues in Respect of Penalties for Under-Reporting and Misreporting of Incomes

CA V K Subramani – … Continue reading “[Opinion] Emerging Issues in Respect of Penalties for Under-Reporting and Misreporting of Incomes”

Blog, News, Income Tax

February 19, 2024

Expense Incurred to Construct Bridge on a Culvert in Front of Shop to Provide Access to Customers Is Capital in Nature | ITAT

Case Details: Joginder Singh vs. … Continue reading “Expense Incurred to Construct Bridge on a Culvert in Front of Shop to Provide Access to Customers Is Capital in Nature | ITAT”

Blog, News, Income Tax

February 19, 2024

[Opinion] Disallowance on Delayed Payment to Micro or Small Enterprises | An Interplay Between IT Act, 1961 and MSMED Act, 2006

Navneet Singal – [2024] 159 … Continue reading “[Opinion] Disallowance on Delayed Payment to Micro or Small Enterprises | An Interplay Between IT Act, 1961 and MSMED Act, 2006”