Income Tax

Blog, News, Income Tax

February 14, 2023

Sec. 263 order without Document Identification Number deemed non-existent: ITAT

Case Details: Dilip Kothari v. … Continue reading “Sec. 263 order without Document Identification Number deemed non-existent: ITAT”

Blog, News, Income Tax

February 13, 2023

ITAT allowed additions as father couldn’t justify letting out property to daughter at low rent

Case Details: Atul Chandrakant Kirloskar … Continue reading “ITAT allowed additions as father couldn’t justify letting out property to daughter at low rent”

Blog, News, Income Tax

February 10, 2023

PAN jurisdiction transfer follows transfer order, AO can’t claim jurisdiction if transferred later: HC

Case Details: PCIT v. Capstone … Continue reading “PAN jurisdiction transfer follows transfer order, AO can’t claim jurisdiction if transferred later: HC”

Blog, News, Income Tax

February 9, 2023

Holding Recovery of Demand Does Not Require Advance Payment of the Demand

Case Details: Dabur India Ltd. … Continue reading “Holding Recovery of Demand Does Not Require Advance Payment of the Demand”

News, Blog, Income Tax

February 9, 2023

CBDT notifies Centralised Processing of Equalisation Levy Statement Scheme 2023

Notification No. 03/2023, dated 07-02-2023 … Continue reading “CBDT notifies Centralised Processing of Equalisation Levy Statement Scheme 2023”

News, Blog, Income Tax

February 8, 2023

Amalgamated Company can’t set off loss u/s 72A if rejected by the AO: ITAT

Case Details: ACIT v. Hotel … Continue reading “Amalgamated Company can’t set off loss u/s 72A if rejected by the AO: ITAT”

Blog, News, Income Tax

February 8, 2023

4,861 ITRs filed by taxpayers under 18, gross taxes paid were Rs. 6.31 crores: CBDT

Press Release, dated 06-02-2023 The … Continue reading “4,861 ITRs filed by taxpayers under 18, gross taxes paid were Rs. 6.31 crores: CBDT”

Blog, News, Income Tax

February 7, 2023

AO can’t deny sec. 11 benefits to trust in case of capitation fee violation: HC

Case Details: Kammavari Sangham v. … Continue reading “AO can’t deny sec. 11 benefits to trust in case of capitation fee violation: HC”

Blog, News, Income Tax

February 7, 2023

[Opinion] Contribution made by employer to recognised PF in excess of 12% of the salary

Mukesh Kohli – [2023] 147 … Continue reading “[Opinion] Contribution made by employer to recognised PF in excess of 12% of the salary”

Blog, News, Income Tax

February 6, 2023

Trust received fee for training hotel employees, treated as business income u/s 11(4A): ITAT

Case Details: UMAK Education Trust … Continue reading “Trust received fee for training hotel employees, treated as business income u/s 11(4A): ITAT”