Income Tax

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December 27, 2023

[Opinion] Voluntary Donation vs Corpus Donation – Comparative Analysis & Aspects of Donation Received in Kind

CA Naresh Kumar Kabra & … Continue reading “[Opinion] Voluntary Donation vs Corpus Donation – Comparative Analysis & Aspects of Donation Received in Kind”

Blog, News, Income Tax

December 27, 2023

Addition Due to Stock Undervaluation Capped at 25% as Assessee Provided Stock Statements Duly Verified by CAs

Case Details: Principal Commissioner of … Continue reading “Addition Due to Stock Undervaluation Capped at 25% as Assessee Provided Stock Statements Duly Verified by CAs”

Blog, Advisory, Income Tax

April 25, 2024

Analysis of Changes Introduced in New ITR Forms 1 and 4 Notified for Assessment Year 2024-25

Table of Contents No change … Continue reading “Analysis of Changes Introduced in New ITR Forms 1 and 4 Notified for Assessment Year 2024-25”

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December 26, 2023

Bank Passbook/Bank Statements Couldn’t Be Treated as Book Maintained by Assessee | ITAT Deletes Sec. 68 Additions

Case Details: Kuldeep Jiwan Mahan … Continue reading “Bank Passbook/Bank Statements Couldn’t Be Treated as Book Maintained by Assessee | ITAT Deletes Sec. 68 Additions”

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December 23, 2023

Assessee Entitled to Get 6% Interest on Refund of Excess Amount of Equalisation Levy | HC

Case Details: Group M Media … Continue reading “Assessee Entitled to Get 6% Interest on Refund of Excess Amount of Equalisation Levy | HC”

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December 23, 2023

Tax Dept. Seized Undisclosed Cash Worth More Than Rs. 351 Crore From Business Linked to Politician MP Sahu

Press Release, dated 21-12-2023 The … Continue reading “Tax Dept. Seized Undisclosed Cash Worth More Than Rs. 351 Crore From Business Linked to Politician MP Sahu”

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December 22, 2023

[Opinion] New Valuation Method Under Rule 11UA

CA Rakesh Kedia & Saloni … Continue reading “[Opinion] New Valuation Method Under Rule 11UA”

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December 22, 2023

Sec. 11 Relief Can’t Be Denied Without Assessing If Assessee’s Activities Were Trade, Commerce, or Business-Related

Case Details: Media Research Users … Continue reading “Sec. 11 Relief Can’t Be Denied Without Assessing If Assessee’s Activities Were Trade, Commerce, or Business-Related”

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December 21, 2023

[Opinion] Section 80JJAA – Some Controversial Issues

CA Bharat Sonkhiya, CA Aakansha … Continue reading “[Opinion] Section 80JJAA – Some Controversial Issues”

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December 21, 2023

CBDT Revises Definition of ‘Intra-group Loan’ & Outlines its ‘Safe Harbour’ Conditions Under Rule 10TD

Notification No. 104/2023, dated 19-12-2023 … Continue reading “CBDT Revises Definition of ‘Intra-group Loan’ & Outlines its ‘Safe Harbour’ Conditions Under Rule 10TD”