Income Tax

Blog, News, Income Tax

January 18, 2024

Property Not Eligible for Sec. 54F Relief If It Was Predominantly Being Used for Religious Purposes | ITAT

Case Details: Assistant Commissioner of … Continue reading “Property Not Eligible for Sec. 54F Relief If It Was Predominantly Being Used for Religious Purposes | ITAT”

News, Blog, Income Tax

January 18, 2024

Time Limit for Issuing Notice u/s 148 Extended Till 30-06-2021 is Not Applicable to AY 2013-14 | Bombay HC

Case Details: New India Assurance … Continue reading “Time Limit for Issuing Notice u/s 148 Extended Till 30-06-2021 is Not Applicable to AY 2013-14 | Bombay HC”

Blog, News, Income Tax

January 17, 2024

Compensation Received for Transferring Rights Along With Sale of Property to Be Taxed as Income from OS | ITAT

Case Details: Smt. Geetha Vasan … Continue reading “Compensation Received for Transferring Rights Along With Sale of Property to Be Taxed as Income from OS | ITAT”

Blog, News, Income Tax

January 17, 2024

[Opinion] Income-tax Issues for Taxation of ‘Futures and Options’

V K Subramani – [2024] … Continue reading “[Opinion] Income-tax Issues for Taxation of ‘Futures and Options’”

Blog, News, Income Tax

January 16, 2024

Firm Can’t be Compelled to Charge Interest/Remuneration If Same Wasn’t Charged Following Partnership Deed | ITAT

Case Details: Dinesh India Co. … Continue reading “Firm Can’t be Compelled to Charge Interest/Remuneration If Same Wasn’t Charged Following Partnership Deed | ITAT”

News, Blog, Income Tax

January 16, 2024

Sum Received As Interest-free Refundable Security Deposit Lying in Hands of Co. Can’t Be Taxed As Income | HC

Case Details: Coastal Ceramics and … Continue reading “Sum Received As Interest-free Refundable Security Deposit Lying in Hands of Co. Can’t Be Taxed As Income | HC”

Blog, News, Income Tax

January 15, 2024

Land Registration Charges Incurred in Executing an Agreement to Take Business Premises on Rent is Revenue Exp. | ITAT

Case Details: RMP Infotec (P.) … Continue reading “Land Registration Charges Incurred in Executing an Agreement to Take Business Premises on Rent is Revenue Exp. | ITAT”

Blog, Income Tax

January 15, 2024

India’s Shift to Faceless Income Tax Assessment

Table of Contents Background What … Continue reading “India’s Shift to Faceless Income Tax Assessment”

Blog, Income Tax

January 15, 2024

[Analysis] of TDS and TCS – Law | Procedure | Compliance Challenges

Table of Contents Tax deducted … Continue reading “[Analysis] of TDS and TCS – Law | Procedure | Compliance Challenges”

News, Blog, Income Tax

January 13, 2024

No Substantial Question of Law Arose If Order of CIT(A) Was Never Contested on Merit By Revenue | HC

Case Details: Principal Commissioner of … Continue reading “No Substantial Question of Law Arose If Order of CIT(A) Was Never Contested on Merit By Revenue | HC”