Income Tax

Blog, News, Income Tax

March 16, 2023

ITR can’t be treated as invalid until condonation of delay in furnishing ITR-V is pending: ITAT

Case Details: Anagha Vijay Deshmukh … Continue reading “ITR can’t be treated as invalid until condonation of delay in furnishing ITR-V is pending: ITAT”

Blog, News, Income Tax

March 15, 2023

68,000 Cases under e-Verification Scheme 2021: CBDT

Press Release, dated 13-03-2023 The … Continue reading “68,000 Cases under e-Verification Scheme 2021: CBDT”

Blog, News, Income Tax

March 15, 2023

Assessee can’t challenge Reassessment Orders via Writ unless contested on merits in appeal: HC

Case Details: Gopal Tukaram Bitode … Continue reading “Assessee can’t challenge Reassessment Orders via Writ unless contested on merits in appeal: HC”

Blog, News, Income Tax

March 14, 2023

Direct Tax collection for FY 2022-23 showed a growth of 22.58%: CBDT

PRESS RELEASE dated 11-03-2023 The … Continue reading “Direct Tax collection for FY 2022-23 showed a growth of 22.58%: CBDT”

Blog, News, Income Tax

March 14, 2023

Sec. 56(2)(viib) does not apply when shares are issued to current shareholders in proportion to existing holdings

Case Details: Chhattisgarh Metaliks and … Continue reading “Sec. 56(2)(viib) does not apply when shares are issued to current shareholders in proportion to existing holdings”

Blog, News, Income Tax

March 13, 2023

ITAT can’t remand matter to AO if case was remanded to it by HC with specific direction: HC

Case Details: Pooja Agarwal v. … Continue reading “ITAT can’t remand matter to AO if case was remanded to it by HC with specific direction: HC”

News, Blog, Income Tax

March 10, 2023

[Opinion] New Scheme of Reassessment under the Income Tax Act

CA Manish Harchandani – [2023] … Continue reading “[Opinion] New Scheme of Reassessment under the Income Tax Act”

Blog, News, Income Tax

March 10, 2023

ITAT rejects co.’s claim of bona fide belief for no audit requirement, as books were prepared under a CA’s guidance

Case Details: Benchmarrk Realty LLP … Continue reading “ITAT rejects co.’s claim of bona fide belief for no audit requirement, as books were prepared under a CA’s guidance”

Blog, News, Income Tax

March 9, 2023

[Opinion] Practical Case Studies on Old vs. New Personal Tax Regime

Mayank Mohanka – [2023] 148 … Continue reading “[Opinion] Practical Case Studies on Old vs. New Personal Tax Regime”

Blog, News, Income Tax

March 9, 2023

AO must prove investment before shifting burden of proof for investment source u/s 69: ITAT

Case Details: Ananthakrishna Vasudev Aithal … Continue reading “AO must prove investment before shifting burden of proof for investment source u/s 69: ITAT”