Income Tax

Blog, News, Income Tax

December 12, 2024

Central Government Notifies Special Courts Under the Income-Tax & Black Money Act

Notification No.126 /2024, dated 10-12-2024 … Continue reading “Central Government Notifies Special Courts Under the Income-Tax & Black Money Act”

Blog, News, Income Tax

December 12, 2024

Sec. 50C’s Legal Fiction Not Applicable for WDV Calculation in Claiming Depreciation on Asset Blocks

Case Details: 3A Composites India … Continue reading “Sec. 50C’s Legal Fiction Not Applicable for WDV Calculation in Claiming Depreciation on Asset Blocks”

Blog, News, Income Tax

December 11, 2024

HC Deleted Penalty as Delay in Obtaining Audit Report from Statutory Auditors Under Societies Act is a Reasonable Cause

Case Details: Chavakkad Service Co-Operative … Continue reading “HC Deleted Penalty as Delay in Obtaining Audit Report from Statutory Auditors Under Societies Act is a Reasonable Cause”

Blog, News, Income Tax

December 10, 2024

[Opinion] The Continuing Competition – Non-Compete Fees and Its Characterisation

Dr Neha Pathakji – [2024] … Continue reading “[Opinion] The Continuing Competition – Non-Compete Fees and Its Characterisation”

Blog, News, Income Tax

December 10, 2024

MMR Includes Surcharge for Highest Income Slab Despite Assessee’s Income Being Below Rs. 50 Lakhs | ITAT

Case Details: Clestra Foundation vs. … Continue reading “MMR Includes Surcharge for Highest Income Slab Despite Assessee’s Income Being Below Rs. 50 Lakhs | ITAT”

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December 9, 2024

[Opinion] Dwelling on the Disputes – ‘Residential Houses’ and Exemptions Under Sections 54 and 54F

Dr Neha Pathakji – [2024] … Continue reading “[Opinion] Dwelling on the Disputes – ‘Residential Houses’ and Exemptions Under Sections 54 and 54F”

News, Blog, Income Tax

December 9, 2024

No Concealment Penalty If Additions Made on Estimation and AO Failed to Prove Concealment of Income | ITAT

Case Details: ITO vs. Sunil … Continue reading “No Concealment Penalty If Additions Made on Estimation and AO Failed to Prove Concealment of Income | ITAT”

Blog, News, Income Tax

December 7, 2024

Putting Together a Structure of Plywood Sheets isn’t Constructing a Residential House | Delhi HC

Case Details: Sandeep Hooda vs. … Continue reading “Putting Together a Structure of Plywood Sheets isn’t Constructing a Residential House | Delhi HC”

News, Blog, Income Tax

December 6, 2024

Trust Not Liable to Pay Surcharge Just Because Its Income is Taxable at Maximum Marginal Rate | ITAT

Case Details: Jitendra Gala Navneet … Continue reading “Trust Not Liable to Pay Surcharge Just Because Its Income is Taxable at Maximum Marginal Rate | ITAT”

Blog, News, Income Tax

December 6, 2024

[Opinion] Types and Methods of Demerger

V K Subramani – [2024] … Continue reading “[Opinion] Types and Methods of Demerger”