Income Tax

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November 9, 2023

[Opinion] Admit Correct Income, Under the Correct Head and in the Correct Assessment Year

CA V K Subramani – … Continue reading “[Opinion] Admit Correct Income, Under the Correct Head and in the Correct Assessment Year”

Blog, News, Income Tax

November 9, 2023

No Sec. 40A(3) Disallowance if Cash Payment Was Made Due to Freezing of Bank Account by Govt. Agency | ITAT

Case Details: Shashikala Ram Kumar … Continue reading “No Sec. 40A(3) Disallowance if Cash Payment Was Made Due to Freezing of Bank Account by Govt. Agency | ITAT”

Blog, News, Income Tax

November 8, 2023

Govt. Notifies Revised Sum Payable on Deposit Made Under National Savings Recurring Deposit Scheme

G.S.R. 818(E), dated 03-11-2023 The … Continue reading “Govt. Notifies Revised Sum Payable on Deposit Made Under National Savings Recurring Deposit Scheme”

Blog, News, Income Tax

November 8, 2023

AO Need to Physically Issue Notice If Assessee’s e-mail ID is Not Available in PAN Database | HC

Case Details: Fayeza Muffadal Contractor … Continue reading “AO Need to Physically Issue Notice If Assessee’s e-mail ID is Not Available in PAN Database | HC”

Blog, News, Income Tax

November 7, 2023

Commissioner Can Exercise Powers u/s 264 Even in Cases Where Errors are Committed by Assessee | HC

Case Details: Pramod R. Agrawal … Continue reading “Commissioner Can Exercise Powers u/s 264 Even in Cases Where Errors are Committed by Assessee | HC”

Blog, News, Income Tax

November 6, 2023

[Opinion] Strange Order Passed by the Tribunal Regarding Burden of Proof

CA S. Krishnan – [2023] … Continue reading “[Opinion] Strange Order Passed by the Tribunal Regarding Burden of Proof”

News, Blog, Income Tax

November 6, 2023

No Sec. 12AA Registration to a Bar Association If It Isn’t Registered as a Trust/Institution With Statutory Authorities

Case Details: Income Tax Appellate … Continue reading “No Sec. 12AA Registration to a Bar Association If It Isn’t Registered as a Trust/Institution With Statutory Authorities”

Blog, News, Income Tax

November 4, 2023

Standard Deduction u/s Section 24(a) Cannot Be Claimed If Income is Subject to Application u/s 11 | ITAT

Case Details: Amalsad Vibhag Kelvani … Continue reading “Standard Deduction u/s Section 24(a) Cannot Be Claimed If Income is Subject to Application u/s 11 | ITAT”

Blog, Income Tax

November 8, 2023

[FAQs] on Disclosure & Reporting of Common Clauses in Annexure to Form 10B/10BB

Check out Taxmann’s Trust & … Continue reading “[FAQs] on Disclosure & Reporting of Common Clauses in Annexure to Form 10B/10BB”

Blog, News, Income Tax

November 3, 2023

Record Number of Over 7.85 Crore ITRs Filed Till 31-10-2023 | CBDT

Press Release, dated 01-11-2023 The … Continue reading “Record Number of Over 7.85 Crore ITRs Filed Till 31-10-2023 | CBDT”