Income Tax

Blog, News, Income Tax

February 21, 2023

AMT provisions u/s 115JC do not apply to pre-approved housing projects: ITAT

Case Details: ACIT v. Vijay … Continue reading “AMT provisions u/s 115JC do not apply to pre-approved housing projects: ITAT”

Blog, News, Income Tax

February 20, 2023

Tax department surveys prominent international media company in Delhi and Mumbai

Press Release, dated 17-02-2023 The … Continue reading “Tax department surveys prominent international media company in Delhi and Mumbai”

Blog, News, Income Tax

February 20, 2023

Development expenses for an abandoned products are revenue expenditures: HC

Case Details: Principal Commissioner of … Continue reading “Development expenses for an abandoned products are revenue expenditures: HC”

Blog, Income Tax

February 18, 2023

[FAQs] on Search & Seizure provisions under the Income tax Act

Check out Taxmann’s Search, Seizure, … Continue reading “[FAQs] on Search & Seizure provisions under the Income tax Act”

Blog, News, Income Tax

February 18, 2023

LLP is eligible for exemption from profits received from firm in which it was a partner: ITAT

Case Details: M/s. Mulberry Textiles … Continue reading “LLP is eligible for exemption from profits received from firm in which it was a partner: ITAT”

Blog, News, Income Tax

February 16, 2023

CBDT notifies Income-tax Return (ITR Forms) for AY 2023-24

Notification No. 04/2023 and Notification … Continue reading “CBDT notifies Income-tax Return (ITR Forms) for AY 2023-24”

Blog, News, Income Tax

February 16, 2023

Plot purchase can’t be stock-in-trade if not proved for business purposes: ITAT

Case Details: Ranjit Shivram Raut … Continue reading “Plot purchase can’t be stock-in-trade if not proved for business purposes: ITAT”

News, Blog, Income Tax

February 15, 2023

AO to release refund beyond 20% of tax demand even if 65% of tax demand adjusted by CPC: HC

Case Details: Neo Structo Construction … Continue reading “AO to release refund beyond 20% of tax demand even if 65% of tax demand adjusted by CPC: HC”

Blog, News, Income Tax

February 15, 2023

[Opinion] Post Budget, Why Certain Employees May Want a Reduced Salary!

Mayank Mohanka – [2023] 147 … Continue reading “[Opinion] Post Budget, Why Certain Employees May Want a Reduced Salary!”

Blog, News, Income Tax

February 15, 2023

Gross Direct Tax collections for the FY 2022-23 show 24.09% growth: CBDT

PRESS RELEASE, dated 11-02-2023 The … Continue reading “Gross Direct Tax collections for the FY 2022-23 show 24.09% growth: CBDT”