HC Quashes Reassessment as Wife Wasn’t Required to Explain Source of Funds Used by Husband to Buy Property Jointly

Case Details: Kalpita Arun Lanjekar … Continue reading “HC Quashes Reassessment as Wife Wasn’t Required to Explain Source of Funds Used by Husband to Buy Property Jointly”

HC Remitted Matter Back Since Commissioner (A) Erroneously hadn’t Considered Application Seeking Condonation of Delay

Case Detail: White Mountain Trading … Continue reading “HC Remitted Matter Back Since Commissioner (A) Erroneously hadn’t Considered Application Seeking Condonation of Delay”

RBI Directs all ‘Currency Chest Holding Banks’ Dealing with Govt. Transactions to Remain Open on Sunday, March 31, 2024

Circular No. RBI/2023-24/142 DCM (CC) … Continue reading “RBI Directs all ‘Currency Chest Holding Banks’ Dealing with Govt. Transactions to Remain Open on Sunday, March 31, 2024”

Rental Income Earned on Property Held as ‘Non-Current Investment’ to be Taxed as Income from House Property | ITAT

Case Detail: Effective Teleservices Pvt. … Continue reading “Rental Income Earned on Property Held as ‘Non-Current Investment’ to be Taxed as Income from House Property | ITAT”

CBDT Notifies ‘DGIT (Systems), Delhi’ as Specified Authority u/s 138 for Furnishing Info. to ‘UP Planning Department’

Order F. no. 225/196/2023-ITA.II, dated … Continue reading “CBDT Notifies ‘DGIT (Systems), Delhi’ as Specified Authority u/s 138 for Furnishing Info. to ‘UP Planning Department’”