Income Tax

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November 5, 2024

Delhi HC Upholds Reassessment Initiated by Jurisdictional AO – Distinguishes With Hexaware Ruling

Case Details: T.K.S. Builders Pvt. … Continue reading “Delhi HC Upholds Reassessment Initiated by Jurisdictional AO – Distinguishes With Hexaware Ruling”

Blog, News, Income Tax

November 5, 2024

Addition of Son’s Name in New Residential Flat Wouldn’t Affect Claim of Sec. 54F Exemption | ITAT

Case Details: Abdul Nayab Shaikh … Continue reading “Addition of Son’s Name in New Residential Flat Wouldn’t Affect Claim of Sec. 54F Exemption | ITAT”

Blog, News, Income Tax

November 11, 2024

CBDT Extends ITR Due Date From 31st October to 15th November 2024

Circular No. 13/2024, dated 26-10-2024 … Continue reading “CBDT Extends ITR Due Date From 31st October to 15th November 2024”

Blog, News, Income Tax

November 11, 2024

Interest Earned on Short-Term Deposits of Funds Received From Govt. Funds is Capital Receipt | HC

Case Details: HLL BIOTECH Ltd. … Continue reading “Interest Earned on Short-Term Deposits of Funds Received From Govt. Funds is Capital Receipt | HC”

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October 26, 2024

No Denial of Sec. 194Q TDS Credit as ‘Kachha Arhatia’ Had No Domain Over Goods Sold to Principal Buyers

Case Details: Kamlesh Kumar Jain … Continue reading “No Denial of Sec. 194Q TDS Credit as ‘Kachha Arhatia’ Had No Domain Over Goods Sold to Principal Buyers”

Blog, News, Income Tax

October 25, 2024

[Opinion] Suggestions for Direct Tax Committee for Making Necessary Changes in IT Act Provisions Relating to Prosecution

Ruchesh Sinha – [2024] 167 … Continue reading “[Opinion] Suggestions for Direct Tax Committee for Making Necessary Changes in IT Act Provisions Relating to Prosecution”

Blog, News, Income Tax

October 25, 2024

PCIT’s Approval of Reassessment Notice by Merely Writing ‘Yes, I am Satisfied’ Is Not Valid | HC

Case Details: Capital Broadways (P.) … Continue reading “PCIT’s Approval of Reassessment Notice by Merely Writing ‘Yes, I am Satisfied’ Is Not Valid | HC”

Blog, Income Tax

October 24, 2024

[Practical Case Study] Taxation of Undisclosed Income – Key Provisions Under Sections 68 to 69D

The taxation of undisclosed income … Continue reading “[Practical Case Study] Taxation of Undisclosed Income – Key Provisions Under Sections 68 to 69D”

News, Blog, Income Tax

October 24, 2024

Assessee Entitled to Carry Forward Reduced MAT Credit for Payment of Taxes Under Vivad Se Vishwas Scheme | HC

Case Details: Vapi Care Pharma … Continue reading “Assessee Entitled to Carry Forward Reduced MAT Credit for Payment of Taxes Under Vivad Se Vishwas Scheme | HC”

Blog, Income Tax

October 23, 2024

Capital Asset Explained – Section 2(14) of the Income Tax Act

Under Section 2(14) of the … Continue reading “Capital Asset Explained – Section 2(14) of the Income Tax Act”