Income Tax

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May 17, 2024

[Opinion] Should Interest from Land Acquisition Compensation be Considered Under Section 56(2)(viii)?

CA Mukesh Kohli – [2024] … Continue reading “[Opinion] Should Interest from Land Acquisition Compensation be Considered Under Section 56(2)(viii)?”

Blog, News, Income Tax

May 16, 2024

[Opinion] Claim Section 54 Benefit for Interior Decoration

Meenakshi Subramaniam – [2024] 162 … Continue reading “[Opinion] Claim Section 54 Benefit for Interior Decoration”

Blog, News, Income Tax

May 15, 2024

CBDT Introduces Real-time Status Display for Taxpayers in AIS to Track Feedback Submitted by Them

Press Release, dated 13-05-2024 The … Continue reading “CBDT Introduces Real-time Status Display for Taxpayers in AIS to Track Feedback Submitted by Them”

Blog, News, Income Tax

May 15, 2024

ITAT Justified Sec. 80GGC Disallowance as Assessee Donated 50% of His Income to Unrecognized Political Party

Case Details: Jayeshkumar Gopalbhai Akbari … Continue reading “ITAT Justified Sec. 80GGC Disallowance as Assessee Donated 50% of His Income to Unrecognized Political Party”

Blog, News, Income Tax

May 14, 2024

[Opinion] Is Payment of Tax by Payee a Pre-condition for Payer to Be Eligible for Deduction in Spite of Non-deduction of TDS?

CA V K Subramani – … Continue reading “[Opinion] Is Payment of Tax by Payee a Pre-condition for Payer to Be Eligible for Deduction in Spite of Non-deduction of TDS?”

Blog, News, Income Tax

May 14, 2024

No Sec. 54 Relief if New House Didn’t Have Basic Amenities Like Water & Electricity Connection | ITAT

Case Details: DCIT vs. Sandeep … Continue reading “No Sec. 54 Relief if New House Didn’t Have Basic Amenities Like Water & Electricity Connection | ITAT”

Blog, Income Tax

May 13, 2024

[FAQs] on Assessment Proceedings | Reassessment under the Income Tax Act

Assessment Proceedings This involves processes … Continue reading “[FAQs] on Assessment Proceedings | Reassessment under the Income Tax Act”

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May 13, 2024

AO Can’t Issue Notice Relying Upon SC’s Ashish Agarwal Ruling if Reassessment Proceedings Had Attained Finality | HC

Case Details: Akshita Jindal vs. … Continue reading “AO Can’t Issue Notice Relying Upon SC’s Ashish Agarwal Ruling if Reassessment Proceedings Had Attained Finality | HC”

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May 10, 2024

[Opinion] Intricacies in Valuation for Angel Tax | Analysis Through Judicial Pronouncements

CA Anil Chachra – [2024] … Continue reading “[Opinion] Intricacies in Valuation for Angel Tax | Analysis Through Judicial Pronouncements”

News, Blog, Income Tax

May 10, 2024

ITAT Upheld Validity of Assessment Order as It Was Handed Over to Postal Dept. Within Limitation Period

Case Details: Shri S.P. Kohli … Continue reading “ITAT Upheld Validity of Assessment Order as It Was Handed Over to Postal Dept. Within Limitation Period”