Income Tax

News, Blog, Income Tax

June 8, 2023

[Opinion] Whether Section 50C Applicable while Computing Capital Gains on Transfer of Leased Hold Rights in Land?

CA Mukesh Kohli – [2023] … Continue reading “[Opinion] Whether Section 50C Applicable while Computing Capital Gains on Transfer of Leased Hold Rights in Land?”

Blog, News, Income Tax

June 8, 2023

Income-tax Proceedings Halted if the Petition as Corporate Debtor Admitted under IBC: ITAT

Case Details: Deputy Commissioner of … Continue reading “Income-tax Proceedings Halted if the Petition as Corporate Debtor Admitted under IBC: ITAT”

Blog, Income Tax

May 29, 2024

[FAQs] New Definition & Classification of Micro, Small and Medium Enterprises (MSMEs)

The definition and classification of … Continue reading “[FAQs] New Definition & Classification of Micro, Small and Medium Enterprises (MSMEs)”

Blog, News, Income Tax

June 6, 2023

No Sec. 263 Revision for Sec. 56(2)(viib) on Holding-subsidiary Transactions: ITAT

Case Details: BLP Vayu (Project-1) … Continue reading “No Sec. 263 Revision for Sec. 56(2)(viib) on Holding-subsidiary Transactions: ITAT”

News, Blog, Income Tax

June 5, 2023

CBDT Revises Monetary Limits to Decide Condonation Requests in Refund Claims & Carry Forward Losses

Circular No. 07/2023, dated 31-05-2023 … Continue reading “CBDT Revises Monetary Limits to Decide Condonation Requests in Refund Claims & Carry Forward Losses”

Blog, News, Income Tax

June 5, 2023

Provisional Approval Granted u/s 10(23C) isn’t Equivalent to Grant of Registration for Purpose of Sec. 11(7): ITAT

Case Details: Indian Institute of … Continue reading “Provisional Approval Granted u/s 10(23C) isn’t Equivalent to Grant of Registration for Purpose of Sec. 11(7): ITAT”

Blog, News, Income Tax

June 3, 2023

Sec. 10(37) Exemption not Denied Solely due to State Goverment Compensation Order: ITAT

Case Details: Income-tax Officer v. … Continue reading “Sec. 10(37) Exemption not Denied Solely due to State Goverment Compensation Order: ITAT”

Blog, News, Income Tax

June 2, 2023

No Additions without bringing Fact that Investment in Foreign Assets from Black Money Earned in India: ITAT

Case Details: Sri Srinjoy Bose … Continue reading “No Additions without bringing Fact that Investment in Foreign Assets from Black Money Earned in India: ITAT”

Blog, News, Income Tax

June 2, 2023

CBDT Extends Scope of Non-applicability of Sec. 56(2)(x) to Strategic Disinvestment

Notification no. 35/2023, dated 31-05-2023 … Continue reading “CBDT Extends Scope of Non-applicability of Sec. 56(2)(x) to Strategic Disinvestment”

Blog, Income Tax

June 2, 2023

Demystifying Income Tax Searches and Surveys

Table of Contents Legal Requirements … Continue reading “Demystifying Income Tax Searches and Surveys”