Income Tax

Blog, News, Income Tax

November 19, 2024

Delay in Filing ITR Condoned for 84-Year-Old NRI Due to Technical Issues Preventing E-Verification

Case Details: Santoshkumari Darshanlal Chopra … Continue reading “Delay in Filing ITR Condoned for 84-Year-Old NRI Due to Technical Issues Preventing E-Verification”

Blog, News, Income Tax

November 18, 2024

Compensation Awarded for Land Acquired Under Provisions of Karnataka Highways Act Not Exempt from Tax Under RFCTLARR Act

Case Details: Commissioner of Income-tax … Continue reading “Compensation Awarded for Land Acquired Under Provisions of Karnataka Highways Act Not Exempt from Tax Under RFCTLARR Act”

Blog, News, Income Tax

November 18, 2024

No Sec. 13 Violation If a Trust Provides Interest-Free Loan to Another Trust with Similar Objects and Trustees | ITAT

Case Details: Income-tax Officer vs. … Continue reading “No Sec. 13 Violation If a Trust Provides Interest-Free Loan to Another Trust with Similar Objects and Trustees | ITAT”

News, Blog, Income Tax

November 16, 2024

AO Can Consider Info Relatable to Evidence Found During Search for Making Block Assessment | HC

Case Details: Mange Ram Mittal … Continue reading “AO Can Consider Info Relatable to Evidence Found During Search for Making Block Assessment | HC”

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November 15, 2024

Benami Act Bars Claim of Ownership Without Documents Showing Fiduciary Property Purchase | HC

Case Details: Paramjit Singh vs. … Continue reading “Benami Act Bars Claim of Ownership Without Documents Showing Fiduciary Property Purchase | HC”

Blog, News, Income Tax

November 15, 2024

[Opinion] Tax Order Frozen, Bank Locker Unfreezed

Meenakshi Subramaniam – [2024] 168 … Continue reading “[Opinion] Tax Order Frozen, Bank Locker Unfreezed”

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November 14, 2024

CBDT Notifies ‘Petroleum and Natural Gas Regulatory Board’ for Sec. 10(46A) Exemption

Notification No. 118/2024, dated 12-11-2024 … Continue reading “CBDT Notifies ‘Petroleum and Natural Gas Regulatory Board’ for Sec. 10(46A) Exemption”

Blog, News, Income Tax

November 14, 2024

No Sec. 28(iv) Additions If Assets Imported for Testing Were Returned or Destroyed by Assessee | ITAT

Case Details: Samsung R & … Continue reading “No Sec. 28(iv) Additions If Assets Imported for Testing Were Returned or Destroyed by Assessee | ITAT”

Blog, Income Tax

November 13, 2024

Disputed Penalty | Interest | Fee under DTVSV – Calculation | Guidelines

Under the Direct Tax Vivad … Continue reading “Disputed Penalty | Interest | Fee under DTVSV – Calculation | Guidelines”

Blog, News, Income Tax

November 13, 2024

No Sec. 263 Revision If AO Allowed Sec. 10(23C) Exemption Based on Correct Appreciation of Facts and Law | ITAT

Case Details: Dr. Babasaheb Ambedkar … Continue reading “No Sec. 263 Revision If AO Allowed Sec. 10(23C) Exemption Based on Correct Appreciation of Facts and Law | ITAT”