Income Tax

Blog, News, Income Tax

September 20, 2023

CBDT to Reconsider Condonation Request if Refusal Results in Cause of Justice Being Defeated: HC

Case Details: R.K. Madhani Prakash … Continue reading “CBDT to Reconsider Condonation Request if Refusal Results in Cause of Justice Being Defeated: HC”

Blog, News, Income Tax

September 19, 2023

[Opinion] AI & ML Based 143(1) Intimations Do Require Human Touch & Vetting!!

Mayank Mohanka – [2023] 154 … Continue reading “[Opinion] AI & ML Based 143(1) Intimations Do Require Human Touch & Vetting!!”

Blog, News, Income Tax

September 18, 2023

No TDS on Compensation Received u/s 96 of LARR Act Even If Land was Non-agricultural Land | HC

Case Details: Sharanappa v. Deputy … Continue reading “No TDS on Compensation Received u/s 96 of LARR Act Even If Land was Non-agricultural Land | HC”

Blog, Advisory, Income Tax

April 25, 2024

[Analysis] Why is Cognizant Liable to Pay Dividend Tax in a Buyback Transaction?

Table of Contents Introduction Tribunal’s … Continue reading “[Analysis] Why is Cognizant Liable to Pay Dividend Tax in a Buyback Transaction?”

Blog, News, Income Tax

September 18, 2023

Cognizant’s Rs. 19,000 Crores Buyback via Court-approved Scheme is a Colourable Device; DDT Leviable | ITAT

Case Details: M/s. Cognizant Technology-Solutions … Continue reading “Cognizant’s Rs. 19,000 Crores Buyback via Court-approved Scheme is a Colourable Device; DDT Leviable | ITAT”

Blog, Account & Audit, Income Tax

September 16, 2023

Tax Audit | How to Calculate the Turnover in the Case of Derivatives?

The Income-tax Act does not … Continue reading “Tax Audit | How to Calculate the Turnover in the Case of Derivatives?”

Blog, News, Income Tax

September 15, 2023

AO Can’t Add New Reasons While Passing Sec. 148A(d) Order Without Giving Opportunity to Assessee to Explain Same | HC

Case Details: Packirisamy Senthilkumar v. … Continue reading “AO Can’t Add New Reasons While Passing Sec. 148A(d) Order Without Giving Opportunity to Assessee to Explain Same | HC”

Blog, News, Income Tax

September 15, 2023

CBDT Notifies ‘Multi Commodity Exchange Investor (Client) Protection Fund Trust’ for Sec. 10(23EC) Exemption

Image S.O. 3984(E), dated 12-09-2023 … Continue reading “CBDT Notifies ‘Multi Commodity Exchange Investor (Client) Protection Fund Trust’ for Sec. 10(23EC) Exemption”

Blog, News, Income Tax

September 14, 2023

CBDT Notifies ‘Units of Investment Trust & EFTs of IFSC’ for Sec. 47(viiab) Exemption

Notification No. 71/2023, dated 12-09-2023 … Continue reading “CBDT Notifies ‘Units of Investment Trust & EFTs of IFSC’ for Sec. 47(viiab) Exemption”

Blog, News, Income Tax

September 14, 2023

Provision Made in Respect of Payment to be Made to Employees Based on Co’s Financial Performance is to be Allowed | HC

Case Details: CGI Information Systems … Continue reading “Provision Made in Respect of Payment to be Made to Employees Based on Co’s Financial Performance is to be Allowed | HC”