Income Tax

Blog, News, Income Tax

March 31, 2023

Depreciation can’t be disallowed if business assets are ready for use despite market conditions

Case Details: Sambhav Energy Ltd. … Continue reading “Depreciation can’t be disallowed if business assets are ready for use despite market conditions”

Blog, News, Income Tax

March 29, 2023

CBDT notifies consequences that will apply to a person if his PAN becomes inoperative

Notification No. 15/2023, dated 28-03-2023 … Continue reading “CBDT notifies consequences that will apply to a person if his PAN becomes inoperative”

Blog, News, Income Tax

March 29, 2023

Last date to link PAN with Aadhaar extended to June 30, 2023: CBDT

Press Release Dated 28-03-2023 Considering … Continue reading “Last date to link PAN with Aadhaar extended to June 30, 2023: CBDT”

Blog, News, Income Tax

March 28, 2023

Finance Minister moved amendment to Finance Bill 2023 in Rajya Sabha

News, dated 27-03-2023 On March … Continue reading “Finance Minister moved amendment to Finance Bill 2023 in Rajya Sabha”

Blog, News, Income Tax

March 28, 2023

AO can’t levy penalty in absence of jurisdictional fact that assessee accepted cash loan from wife: ITAT

Case Details: ITO v. Sudhir … Continue reading “AO can’t levy penalty in absence of jurisdictional fact that assessee accepted cash loan from wife: ITAT”

Blog, Advisory, Income Tax

April 25, 2024

[Analysis] Changes introduced in the Lok Sabha-approved Finance Bill 2023

By Taxmann Advisory & Research … Continue reading “[Analysis] Changes introduced in the Lok Sabha-approved Finance Bill 2023”

Blog, News, Income Tax

March 25, 2023

Sec. 54F relief available if second house occupied by him is in foreign country: ITAT

Case Details: Smt. Maries Joseph … Continue reading “Sec. 54F relief available if second house occupied by him is in foreign country: ITAT”

Blog, News, Income Tax

March 31, 2023

Lok Sabha passes Finance Bill 2023 with 60+ amendments

News, dated 24-03-2023 The Lok … Continue reading “Lok Sabha passes Finance Bill 2023 with 60+ amendments”

News, Blog, Income Tax

March 24, 2023

IT Dept. launches mobile app ‘AIS for Taxpayer’ to view info available in AIS/TIS

Press Release, dated 22-03-2023 The … Continue reading “IT Dept. launches mobile app ‘AIS for Taxpayer’ to view info available in AIS/TIS”

Blog, News, Income Tax

March 23, 2023

CIT(E) doesn’t have authority to delay in submitting application for approval u/s 10(23C)(vi): ITAT

Case Details: Manav Rachana Education … Continue reading “CIT(E) doesn’t have authority to delay in submitting application for approval u/s 10(23C)(vi): ITAT”