Income Tax

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May 18, 2023

Demystifying Tax Deduction at Source (TDS) – Interest on Securities

Table of Contents Who is … Continue reading “Demystifying Tax Deduction at Source (TDS) – Interest on Securities”

Blog, News, Income Tax

May 18, 2023

Individual Can’t be Held as a Beneficial Owner of Investments made by Foreign Co.: ITAT

Case Details: Shri Krishna Das … Continue reading “Individual Can’t be Held as a Beneficial Owner of Investments made by Foreign Co.: ITAT”

News, Blog, Income Tax

May 18, 2023

Threshold Limit for Interest under Mahila Samman Savings Certificate for Sec. 194A is Rs. 40,000: CBDT

Notification No. 27/2023, dated 16-05-2023 … Continue reading “Threshold Limit for Interest under Mahila Samman Savings Certificate for Sec. 194A is Rs. 40,000: CBDT”

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May 17, 2023

Additional Evidence can’t be Admitted without explaining Issue that was Adjudicated by way of Additional Ground: ITAT

Case Details: ITO (International Taxation) … Continue reading “Additional Evidence can’t be Admitted without explaining Issue that was Adjudicated by way of Additional Ground: ITAT”

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May 17, 2023

[Opinion] Does Section 133A Permits Gate Crashing the Residential Premises Unconditionally?

  CMA Raji Nathani & … Continue reading “[Opinion] Does Section 133A Permits Gate Crashing the Residential Premises Unconditionally?”

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May 15, 2023

ITAT: No Benefit Under Rule 6DD for Assessee Not Primarily Responsible for Cash Payments

Case Details: R.K. Powergen (P.) … Continue reading “ITAT: No Benefit Under Rule 6DD for Assessee Not Primarily Responsible for Cash Payments”

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May 11, 2023

Section 80-IA Deduction Applies with Govt. Nodal Agency Agreement: ITAT

Case Details: Bothra Shipping Services … Continue reading “Section 80-IA Deduction Applies with Govt. Nodal Agency Agreement: ITAT”

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May 10, 2023

Affidavits of Typist and CA Admitting Typographical Error are Not Enough to Delete Addition for Unaccounted Purchases

Case Details: ACIT v. Kantilal … Continue reading “Affidavits of Typist and CA Admitting Typographical Error are Not Enough to Delete Addition for Unaccounted Purchases”

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May 9, 2023

Can AO Revise 153A Assessments without Incriminating Search Material?

Mukesh Kohli – [2023] 150 … Continue reading “Can AO Revise 153A Assessments without Incriminating Search Material?”

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May 9, 2023

HC Cancels Reassessment; CSR Expenses Not Bound by Companies Act

Case Details:  Adani Power Rajasthan … Continue reading “HC Cancels Reassessment; CSR Expenses Not Bound by Companies Act”