Income Tax

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November 26, 2024

Section 69A Additions Justified If Cash Found During Search Wasn’t Traced to Wife & Mother’s Bank a/c as Claimed by Assessee

Case Details: Anuj Sood vs. … Continue reading “Section 69A Additions Justified If Cash Found During Search Wasn’t Traced to Wife & Mother’s Bank a/c as Claimed by Assessee”

News, Blog, Income Tax

November 25, 2024

Vocational Education Though Lacked Systematic Education Is Eligible for Section 12A Registration | HC

Case Details: Commissiner of Income-tax … Continue reading “Vocational Education Though Lacked Systematic Education Is Eligible for Section 12A Registration | HC”

Blog, News, Income Tax

November 23, 2024

Right to Tax in UAE Sufficient to Claim Benefit of India-UAE DTAA; No Need to Prove Actual Payment of Tax | ITAT

Case Details: Saket Kanoi vs. … Continue reading “Right to Tax in UAE Sufficient to Claim Benefit of India-UAE DTAA; No Need to Prove Actual Payment of Tax | ITAT”

Blog, News, Income Tax

November 22, 2024

Prosecution Can Be Initiated Under Black Money Act Even Before Completion of Assessment | HC

Case Details: Sanjay Bhandari vs. … Continue reading “Prosecution Can Be Initiated Under Black Money Act Even Before Completion of Assessment | HC”

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November 22, 2024

CBDT Notifies Electronic Filing of Forms 42, 43 & 44

Notification No. 06/2024, dated 19-11-2024 … Continue reading “CBDT Notifies Electronic Filing of Forms 42, 43 & 44”

Blog, News, Income Tax

November 21, 2024

CBDT Sets Up Taxpayers’ Lounge at IITF 2024 to Raise Awareness About Taxpayer Services

Press Release, 18-11-2024 A Taxpayers’ … Continue reading “CBDT Sets Up Taxpayers’ Lounge at IITF 2024 to Raise Awareness About Taxpayer Services”

Blog, News, Income Tax

November 21, 2024

No Sec. 28(iv) Additions on Amount Credited to Capital Reserve on Account of Amalgamation | ITAT

Case Details: Dy. Commissioner of … Continue reading “No Sec. 28(iv) Additions on Amount Credited to Capital Reserve on Account of Amalgamation | ITAT”

Blog, News, Income Tax

November 20, 2024

CBDT Authorises Pr. CIT/CIT to Admit and Deal with Applications for Condonation of Delay in Filing of Form 10-IC/ID

Circular No. 17 /2024, dated … Continue reading “CBDT Authorises Pr. CIT/CIT to Admit and Deal with Applications for Condonation of Delay in Filing of Form 10-IC/ID”

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November 20, 2024

CBDT Specifies Authorities to Deal with Applications for Condonation of Delay in Filing Forms 9A, 10, 10B & 10BB

Circular 16/2024, dated 18-11-2024 The … Continue reading “CBDT Specifies Authorities to Deal with Applications for Condonation of Delay in Filing Forms 9A, 10, 10B & 10BB”

Blog, News, Income Tax

November 19, 2024

FA 2022 Amendment Allowing Discontinuation of Section 80DD Deposits Couldn’t Be Applied Retrospectively | SC

Case Details: Ravi Agrawal vs. … Continue reading “FA 2022 Amendment Allowing Discontinuation of Section 80DD Deposits Couldn’t Be Applied Retrospectively | SC”