Income Tax

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December 22, 2023

[Opinion] New Valuation Method Under Rule 11UA

CA Rakesh Kedia & Saloni … Continue reading “[Opinion] New Valuation Method Under Rule 11UA”

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December 22, 2023

Sec. 11 Relief Can’t Be Denied Without Assessing If Assessee’s Activities Were Trade, Commerce, or Business-Related

Case Details: Media Research Users … Continue reading “Sec. 11 Relief Can’t Be Denied Without Assessing If Assessee’s Activities Were Trade, Commerce, or Business-Related”

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December 21, 2023

[Opinion] Section 80JJAA – Some Controversial Issues

CA Bharat Sonkhiya, CA Aakansha … Continue reading “[Opinion] Section 80JJAA – Some Controversial Issues”

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December 21, 2023

CBDT Revises Definition of ‘Intra-group Loan’ & Outlines its ‘Safe Harbour’ Conditions Under Rule 10TD

Notification No. 104/2023, dated 19-12-2023 … Continue reading “CBDT Revises Definition of ‘Intra-group Loan’ & Outlines its ‘Safe Harbour’ Conditions Under Rule 10TD”

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December 20, 2023

Sec. 12AA Registration Can’t Be Denied Merely on Ground That Trust Was Formed to Comply With CSR Requirements | ITAT

Case Details: Santosh Foundation v. … Continue reading “Sec. 12AA Registration Can’t Be Denied Merely on Ground That Trust Was Formed to Comply With CSR Requirements | ITAT”

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December 20, 2023

CBDT Notifies “POWERGRID Infrastructure Investment Trust” As Prescribed Mode of Investment u/s 11(5)

Notification No. 103/2023, dated 18-12-2023 … Continue reading “CBDT Notifies “POWERGRID Infrastructure Investment Trust” As Prescribed Mode of Investment u/s 11(5)”

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December 19, 2023

Govt. Cannot Be Bound to Issue Notification for Capital Gain Exemption Under Section 54EE | HC

Case Details: Getwell medicare vs. … Continue reading “Govt. Cannot Be Bound to Issue Notification for Capital Gain Exemption Under Section 54EE | HC”

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December 19, 2023

[Opinion] Outstanding Income Tax Demand(s)

Prabhakar K S – [2023] … Continue reading “[Opinion] Outstanding Income Tax Demand(s)”

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December 18, 2023

Notice Issued to Assessee Calling Forth Certain Details Couldn’t Be Deemed As Grant of Hearing Opportunity | HC

Case Details: Antony Alphonse Kevin … Continue reading “Notice Issued to Assessee Calling Forth Certain Details Couldn’t Be Deemed As Grant of Hearing Opportunity | HC”

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December 18, 2023

[Opinion] Trusts Can Buy Ornaments for Idols, As It Is Not ‘Invalid” Investment

Meenakshi Subramaniam – [2023] 157 … Continue reading “[Opinion] Trusts Can Buy Ornaments for Idols, As It Is Not ‘Invalid” Investment”