Income Tax

Blog, News, Income Tax

October 10, 2023

Excess Stock Can’t be Treated as Undisclosed Income if Assessee Identified Diff. Much Prior to Commencement of Search

Case Details: PCIT vs. Industrial … Continue reading “Excess Stock Can’t be Treated as Undisclosed Income if Assessee Identified Diff. Much Prior to Commencement of Search”

News, Blog, Income Tax

October 10, 2023

CBDT Issues Clarification on Reporting of Substantial Contributors in Form 10B/10BB

Circular No. 17/2023, dated 09-10-2023 … Continue reading “CBDT Issues Clarification on Reporting of Substantial Contributors in Form 10B/10BB”

Blog, News, Income Tax

October 9, 2023

CBDT Notifies ‘Dental Council of India, New Delhi’ for Section 10(46) Exemption

Notification No. 87/2023, dated 06-10-2023 … Continue reading “CBDT Notifies ‘Dental Council of India, New Delhi’ for Section 10(46) Exemption”

Blog, News, Income Tax

October 9, 2023

Sum Received for Giving Up Rights to Buy a Property is Taxable under Head Capital Gains | ITAT

Case Details: Sukhwant Singh v. … Continue reading “Sum Received for Giving Up Rights to Buy a Property is Taxable under Head Capital Gains | ITAT”

News, Blog, Income Tax

October 7, 2023

Section 292B Couldn’t be Invoked to Cure a Mistake of Issuing Notice in Name of Different Entity | Delhi HC

Case Details: AVS Infrabuild (P.) … Continue reading “Section 292B Couldn’t be Invoked to Cure a Mistake of Issuing Notice in Name of Different Entity | Delhi HC”

Blog, News, Income Tax

October 6, 2023

CBDT Notifies ‘District Mineral Foundation Trust’ for Section 10(46) Exemption

Notification No. 86/2023, dated 04-10-2023 … Continue reading “CBDT Notifies ‘District Mineral Foundation Trust’ for Section 10(46) Exemption”

Blog, News, Income Tax

October 6, 2023

Trust Having Multiple Objectives Can’t Be Said Solely Exist for Educational Purposes | No Sec. 10(23C)(vi) Exemption

Case Details: Parul Arogya Seva … Continue reading “Trust Having Multiple Objectives Can’t Be Said Solely Exist for Educational Purposes | No Sec. 10(23C)(vi) Exemption”

Blog, News, Income Tax

October 5, 2023

[Opinion] No Tax on Foreign Assignment Allowance

Meenakshi Subramaniam – [2023] 154 … Continue reading “[Opinion] No Tax on Foreign Assignment Allowance”

News, Blog, Income Tax

October 5, 2023

Writ Not Maintainable Against Provisional Attachment of Property As Per Benami Law | HC

Case Details: M. Kumudhavalli v. … Continue reading “Writ Not Maintainable Against Provisional Attachment of Property As Per Benami Law | HC”

Blog, News, Income Tax

October 4, 2023

Assessee Couldn’t File Petition Under CrPC Against Initiation of Criminal Prosecution by AO | HC

Case Details: D.M. Kathir Anand … Continue reading “Assessee Couldn’t File Petition Under CrPC Against Initiation of Criminal Prosecution by AO | HC”