Income Tax

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December 20, 2023

Sec. 12AA Registration Can’t Be Denied Merely on Ground That Trust Was Formed to Comply With CSR Requirements | ITAT

Case Details: Santosh Foundation v. … Continue reading “Sec. 12AA Registration Can’t Be Denied Merely on Ground That Trust Was Formed to Comply With CSR Requirements | ITAT”

Blog, News, Income Tax

December 20, 2023

CBDT Notifies “POWERGRID Infrastructure Investment Trust” As Prescribed Mode of Investment u/s 11(5)

Notification No. 103/2023, dated 18-12-2023 … Continue reading “CBDT Notifies “POWERGRID Infrastructure Investment Trust” As Prescribed Mode of Investment u/s 11(5)”

Blog, News, Income Tax

December 19, 2023

Govt. Cannot Be Bound to Issue Notification for Capital Gain Exemption Under Section 54EE | HC

Case Details: Getwell medicare vs. … Continue reading “Govt. Cannot Be Bound to Issue Notification for Capital Gain Exemption Under Section 54EE | HC”

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December 19, 2023

[Opinion] Outstanding Income Tax Demand(s)

Prabhakar K S – [2023] … Continue reading “[Opinion] Outstanding Income Tax Demand(s)”

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December 18, 2023

Notice Issued to Assessee Calling Forth Certain Details Couldn’t Be Deemed As Grant of Hearing Opportunity | HC

Case Details: Antony Alphonse Kevin … Continue reading “Notice Issued to Assessee Calling Forth Certain Details Couldn’t Be Deemed As Grant of Hearing Opportunity | HC”

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December 18, 2023

[Opinion] Trusts Can Buy Ornaments for Idols, As It Is Not ‘Invalid” Investment

Meenakshi Subramaniam – [2023] 157 … Continue reading “[Opinion] Trusts Can Buy Ornaments for Idols, As It Is Not ‘Invalid” Investment”

Blog, News, Income Tax

December 17, 2023

Pendency of Review Petition Before Apex Court Can’t Be a Ground to Interfere Order Passed by Lower Authority | HC

Case Details: Deputy Commissioner of … Continue reading “Pendency of Review Petition Before Apex Court Can’t Be a Ground to Interfere Order Passed by Lower Authority | HC”

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December 15, 2023

[Opinion] Income-tax Implications and Accounting in the Real Estate Sector – Demystifying JDAs & Other Construction Contracts

Navneet Singal – [2023] 157 … Continue reading “[Opinion] Income-tax Implications and Accounting in the Real Estate Sector – Demystifying JDAs & Other Construction Contracts”

Blog, News, Income Tax

December 15, 2023

CIT Can’t Extend Time Limit to Submit Special Audit Report u/s 142(2A) As Power Vests With AO Only | HC

Case Details: PCIT vs. Soul … Continue reading “CIT Can’t Extend Time Limit to Submit Special Audit Report u/s 142(2A) As Power Vests With AO Only | HC”

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December 14, 2023

Tax Dept. is Liable to Lift Attachment If Bank Claims & Exercises Its 1st Charge Over Debt Under SARFAESI Act | HC

Case Details: City Union Bank … Continue reading “Tax Dept. is Liable to Lift Attachment If Bank Claims & Exercises Its 1st Charge Over Debt Under SARFAESI Act | HC”