Income Tax

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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”

News, Blog, Income Tax

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”

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May 8, 2023

The Curious Case of 5th and 6th proviso to Section 149(1) of Income Tax Act 1961

  Adv (CA) Abhishek Garg, … Continue reading “The Curious Case of 5th and 6th proviso to Section 149(1) of Income Tax Act 1961”

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May 8, 2023

ITAT Permits Use of Survey Docs. against Assessee Despite Retracted Statement on Oath

  Case Details: Bhimsen Darbarilal … Continue reading “ITAT Permits Use of Survey Docs. against Assessee Despite Retracted Statement on Oath”

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May 8, 2023

Sec. 56(2)(viia) would Prevail over Sec. 47(vi) if Shares are Transferred on Account of Amalgamation: ITAT

Case Details: ACIT v. Vertex … Continue reading “Sec. 56(2)(viia) would Prevail over Sec. 47(vi) if Shares are Transferred on Account of Amalgamation: ITAT”

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May 5, 2023

AO can’t Presume Income of Assessee Relying upon School Admission Forms of Children: ITAT

Case Details: Bharatbhai Manubhai Baldha … Continue reading “AO can’t Presume Income of Assessee Relying upon School Admission Forms of Children: ITAT”

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May 5, 2023

Govt. notifies provisions of DTAA with ‘Chile’

Notification No. 24/2023, dated 03-05-2023 … Continue reading “Govt. notifies provisions of DTAA with ‘Chile’”