Income Tax

Blog, News, Income Tax

April 27, 2023

Personal Income Tax to GDP Ratio Rises to 2.94 in FY 2021-22: FinMin

Press Release, dated 25-04-2023 The … Continue reading “Personal Income Tax to GDP Ratio Rises to 2.94 in FY 2021-22: FinMin”

Blog, News, Income Tax

April 27, 2023

AO can Interfere with Completed Assessments u/s 153A: SC

Case Details: PCIT v. Abhisar … Continue reading “AO can Interfere with Completed Assessments u/s 153A: SC”

Blog, News, Income Tax

April 26, 2023

Loss Due to Confiscation of Smuggled Stock-in-trade not Allowable u/s 37: Apex Court

Case Details: CIT v. Prakash … Continue reading “Loss Due to Confiscation of Smuggled Stock-in-trade not Allowable u/s 37: Apex Court”

News, Blog, Income Tax

April 25, 2023

[Opinion] Curbing Rampant Misuse of Sec 270A(6)(a) | No Penalty for Difference of Opinion

CMA Raji Nathani & CA … Continue reading “[Opinion] Curbing Rampant Misuse of Sec 270A(6)(a) | No Penalty for Difference of Opinion”

Blog, News, Income Tax

April 25, 2023

No Denial of Trust Registration for Charity Without Prejudice to Caste and Creed: ITAT

Case Details: Amritsar Diocese of … Continue reading “No Denial of Trust Registration for Charity Without Prejudice to Caste and Creed: ITAT”

Blog, News, Income Tax

April 24, 2023

Off-Market Share Purchase Above Market Price is Clear Case of Investing in Bogus Scrip: ITAT

Case Details: Atmiben Alipitkumar Doshi … Continue reading “Off-Market Share Purchase Above Market Price is Clear Case of Investing in Bogus Scrip: ITAT”

Blog, News, Income Tax

April 24, 2023

[Opinion] Decoding Tax Decisions: A Deep Dive into Judicial Interpretations & their Impact

S. Krishnan – [2023] 149 … Continue reading “[Opinion] Decoding Tax Decisions: A Deep Dive into Judicial Interpretations & their Impact”

Blog, Income Tax

September 20, 2024

Amendments in Income Tax Act effected by the Finance Act 2023

Table of Contents 1. Tax … Continue reading “Amendments in Income Tax Act effected by the Finance Act 2023”

Blog, Income Tax

April 24, 2023

[Case Study] Additions Based upon Annual Information Return (AIR)

Check out Taxmann’s Faceless Assessment … Continue reading “[Case Study] Additions Based upon Annual Information Return (AIR)”

Blog, News, Income Tax

April 22, 2023

DDT Rate u/s 115-O Applies to NR Shareholders Unless Protected by DTAA: ITAT

Case Details: DCIT v. Total … Continue reading “DDT Rate u/s 115-O Applies to NR Shareholders Unless Protected by DTAA: ITAT”