Income Tax

Blog, News, Income Tax

November 5, 2024

Assessee Eligible to File Declaration Under Vivad Se Vishwas Scheme if ITAT Recalled its Order Dismissing Appeal | HC

Case Details: Atul Roshanlal Gupta … Continue reading “Assessee Eligible to File Declaration Under Vivad Se Vishwas Scheme if ITAT Recalled its Order Dismissing Appeal | HC”

Blog, News, Income Tax

November 4, 2024

CIT(E) Cannot Refuse Trust Registration by Speculating Potential Benefits to Specified Individuals | ITAT

Case Details: Jito Bhavnagar Chapter … Continue reading “CIT(E) Cannot Refuse Trust Registration by Speculating Potential Benefits to Specified Individuals | ITAT”

Blog, Advisory, Income Tax

November 7, 2024

[Analysis] How to Regularise Irregular Accounts in Small Savings Schemes

Small savings scheme irregular accounts … Continue reading “[Analysis] How to Regularise Irregular Accounts in Small Savings Schemes”

Blog, News, Income Tax

October 30, 2024

[Opinion] Has Indexation Benefit Been Actually Restored Post-Budget Uproar?

Kanika Mahajan & Rohit Bhatt … Continue reading “[Opinion] Has Indexation Benefit Been Actually Restored Post-Budget Uproar?”

News, Blog, Income Tax

November 5, 2024

Delhi HC Upholds Reassessment Initiated by Jurisdictional AO – Distinguishes With Hexaware Ruling

Case Details: T.K.S. Builders Pvt. … Continue reading “Delhi HC Upholds Reassessment Initiated by Jurisdictional AO – Distinguishes With Hexaware Ruling”

Blog, News, Income Tax

November 5, 2024

Addition of Son’s Name in New Residential Flat Wouldn’t Affect Claim of Sec. 54F Exemption | ITAT

Case Details: Abdul Nayab Shaikh … Continue reading “Addition of Son’s Name in New Residential Flat Wouldn’t Affect Claim of Sec. 54F Exemption | ITAT”

Blog, News, Income Tax

November 11, 2024

CBDT Extends ITR Due Date From 31st October to 15th November 2024

Circular No. 13/2024, dated 26-10-2024 … Continue reading “CBDT Extends ITR Due Date From 31st October to 15th November 2024”

Blog, News, Income Tax

November 11, 2024

Interest Earned on Short-Term Deposits of Funds Received From Govt. Funds is Capital Receipt | HC

Case Details: HLL BIOTECH Ltd. … Continue reading “Interest Earned on Short-Term Deposits of Funds Received From Govt. Funds is Capital Receipt | HC”

Blog, News, Income Tax

October 26, 2024

No Denial of Sec. 194Q TDS Credit as ‘Kachha Arhatia’ Had No Domain Over Goods Sold to Principal Buyers

Case Details: Kamlesh Kumar Jain … Continue reading “No Denial of Sec. 194Q TDS Credit as ‘Kachha Arhatia’ Had No Domain Over Goods Sold to Principal Buyers”

Blog, News, Income Tax

October 25, 2024

[Opinion] Suggestions for Direct Tax Committee for Making Necessary Changes in IT Act Provisions Relating to Prosecution

Ruchesh Sinha – [2024] 167 … Continue reading “[Opinion] Suggestions for Direct Tax Committee for Making Necessary Changes in IT Act Provisions Relating to Prosecution”