Income Tax

Blog, News, Income Tax

March 6, 2025

No Reassessment if Trust Had No Taxable Income; Excess of Expenses Over Income is Not Escaped Income | HC

Case Details: Mahatma Gobarji Seva … Continue reading “No Reassessment if Trust Had No Taxable Income; Excess of Expenses Over Income is Not Escaped Income | HC”

Blog, News, Income Tax

March 5, 2025

AO Can’t Treat Turnover of Firm Running Nursing Home as Professional Income if Doctors Declared Fees in Their ITRs | ITAT

Case Details: Kety Medicare Centre … Continue reading “AO Can’t Treat Turnover of Firm Running Nursing Home as Professional Income if Doctors Declared Fees in Their ITRs | ITAT”

News, Blog, Income Tax

March 5, 2025

[Opinion] The Transition From the Income-Tax Act, 1961 to the Income-Tax Bill, 2025 | An Analysis of Clause 536 of the Bill

Dr. Amit Kumar Kashyap & … Continue reading “[Opinion] The Transition From the Income-Tax Act, 1961 to the Income-Tax Bill, 2025 | An Analysis of Clause 536 of the Bill”

Blog, News, Income Tax

March 4, 2025

Sale Deed Executed by General Power of Attorney Holder After Death of Original Owner Was Invalid | SC

Case Details: M. S. Ananthamurthy … Continue reading “Sale Deed Executed by General Power of Attorney Holder After Death of Original Owner Was Invalid | SC”

Blog, News, Income Tax

March 4, 2025

[Opinion] No More Relief | Why Indexation Losses on Land & Building Can’t Be Carried Forward

Darshak Shah, Abhishek Shah & … Continue reading “[Opinion] No More Relief | Why Indexation Losses on Land & Building Can’t Be Carried Forward”

Blog, News, Income Tax

March 3, 2025

No Fatality Could Be Said to Attach to Issuance of Notice u/s 148 if Info of Some Other Person Was Attached to It | HC

Case Details: Monish Gajapati Raju … Continue reading “No Fatality Could Be Said to Attach to Issuance of Notice u/s 148 if Info of Some Other Person Was Attached to It | HC”

News, Blog, Income Tax

February 28, 2025

HC Justified Retention of Cash Seized During Search as Assessee Raised His Claim for Return of Money After a Month

Case Details: Kamlesh Shah vs. … Continue reading “HC Justified Retention of Cash Seized During Search as Assessee Raised His Claim for Return of Money After a Month”

Blog, News, Income Tax

February 28, 2025

Non-Registration of Trust Under State Trust Act Not a Hurdle for Registration Under Income Tax Act | ITAT

Case Details: APJ Abdul Kalam … Continue reading “Non-Registration of Trust Under State Trust Act Not a Hurdle for Registration Under Income Tax Act | ITAT”

Blog, News, Income Tax

February 27, 2025

No Fault of Revenue if Notice Wasn’t Served Upon Assessee Due to Non-Updation of Her Address in PAN Card | HC

Case Details: Srimani Basu v. … Continue reading “No Fault of Revenue if Notice Wasn’t Served Upon Assessee Due to Non-Updation of Her Address in PAN Card | HC”

Blog, News, Income Tax

February 27, 2025

Sequence of Notices u/s 142(1) and 143(2) Irrelevant if Both Served Purpose of Making Valid Assessment | HC

Case Details: Hexa Steel and … Continue reading “Sequence of Notices u/s 142(1) and 143(2) Irrelevant if Both Served Purpose of Making Valid Assessment | HC”