Income Tax

Blog, Income Tax, News

January 27, 2023

ITAT invokes MFN clause to give benefit of Article 12 of India-Italy treaty

Case Details: Koninklijke Philips N.V … Continue reading “ITAT invokes MFN clause to give benefit of Article 12 of India-Italy treaty”

Blog, Income Tax, News

January 25, 2023

No additions u/s 68 if assessee not connected to MoU found during search: HC

Case Details: PCIT v. Trilok … Continue reading “No additions u/s 68 if assessee not connected to MoU found during search: HC”

Blog, Income Tax, News

January 25, 2023

[Opinion] Taxability of Alleged Bogus Purchases

Mukesh Kohli – [2023] 146 … Continue reading “[Opinion] Taxability of Alleged Bogus Purchases”

Blog, Income Tax, News

January 24, 2023

AO must consider valuation report if matter was referred to DVO before completing assessment: ITAT

Case Details: Sudalaimani Palanivelrajan v. … Continue reading “AO must consider valuation report if matter was referred to DVO before completing assessment: ITAT”

Blog, Income Tax

January 23, 2023

Income Tax on House Property: Frequently Asked Questions (FAQs)

Table of contents Introduction Deductions … Continue reading “Income Tax on House Property: Frequently Asked Questions (FAQs)”

Blog, Income Tax, News

January 23, 2023

SC nullifies order for special audit u/s 142(2A) as order approving audit wasn’t communicated to assessee

Case Details: Rajiv Gandhi Proudyogiki … Continue reading “SC nullifies order for special audit u/s 142(2A) as order approving audit wasn’t communicated to assessee”

Blog, Income Tax, News

January 23, 2023

[Opinion] Is it possible to claim cost of land acquired prior to sale of capital asset for exemption u/s 54/54F?

It may surprise that capital … Continue reading “[Opinion] Is it possible to claim cost of land acquired prior to sale of capital asset for exemption u/s 54/54F?”

Blog, Income Tax, News

January 20, 2023

No deduction for decrease in value of unlisted company investments: HC

Case Details: M/s Ashok Leyland … Continue reading “No deduction for decrease in value of unlisted company investments: HC”

Blog, Income Tax, News

January 20, 2023

Section 43B doesn’t apply to electricity duty payable to the State Government: HC

Case Details: PCIT v. Dakshin … Continue reading “Section 43B doesn’t apply to electricity duty payable to the State Government: HC”

Blog, Income Tax, News

January 19, 2023

CBDT’s guidelines for compounding offenses can’t restrict AO’s powers: HC

Case Details: Footcandles Film (P.) … Continue reading “CBDT’s guidelines for compounding offenses can’t restrict AO’s powers: HC”