Ved Jain – [2021] 130 taxmann.com 337 (Article) The Central Board of Direct Taxes vide … Continue reading “Levy of additional interest for extended period of due date of tax return- How far justified?”
Order F No. 187/3/2020-ITA-I, dated 22-09-2021 The Taxation and Other Laws (Relaxation and Amendment of … Continue reading “Reassessment/set-aside cases where time limit for complication expires on 30-9-21 to be excluded from Sec. 144B”
Case details: Ashwini Sahakari Rugnalaya v. CCIT – [2021] 130 taxmann.com 366 (SC) Judiciary and … Continue reading “No exemption u/s 10(23C) if fees charged by hospital is at par with other hospitals running on commercial basis: SC”
Case details: DCIT v. Surbhit Impex (P.) Ltd. – [2021] 130 taxmann.com 315 (Mumbai – … Continue reading “No cessation of liability if proceedings for recovery of amount from assessee were pending before court: ITAT”
Case details: ACIT, Central Circle-19, New Delhi v. Nilkanth Concast (P.) Ltd., – [2021] 130 … Continue reading “Interest on borrowed capital from the date of ‘Trial Run’ till date of commercial start to be treated as revenue expenditure: Delhi ITAT”
Case details: Michael E Desa v. ITO – [2021] 130 taxmann.com 314 (Mumbai – Trib.) … Continue reading “AO can’t disregard a transaction just because it results in tax advantage to assessee: Mumbai ITAT”
Press Release, dated 20-09-21 The Income-tax Department has carried out search and seizure operation in … Continue reading “Tax Dept. conducts searches in premises linked to politician ‘Anil Deshmukh’; found concealment of income of Rs. 17 crore”
Case details: Apollo Tyres Ltd. v. DCIT Ernakulam – [2021] 130 taxmann.com 296 (Kerala- High … Continue reading “Exp. incurred by ‘Apollo Tyres’ to purchase equipments for its dealer’s showroom is capital expenditure: HC”
Taxmann is delighted to introduce a new product for Tax professionals, namely Practice! About Practice … Continue reading “Taxmann launches ‘Practice – Your Virtual Legal Advisor’”
Notification No. 113/2021, dated 17-09-2021 To address the hardships being faced by various stakeholders, the … Continue reading “CBDT extends due dates for linking Aadhaar-PAN, completion of penalty & Benami proceedings”
