Income Tax

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August 2, 2023

Provisions of Sec. 127 not Applicable on Transfer of an Assessee’s Jurisdiction from One Place to Another | HC

Case Details: Alliance Broadcasting (P.) … Continue reading “Provisions of Sec. 127 not Applicable on Transfer of an Assessee’s Jurisdiction from One Place to Another | HC”

Blog, News, Income Tax

August 1, 2023

ITAT Directs AO to Allow Credit of Tax Deducted on Property Sale Despite Buyer not Depositing it with Govt.

Case Details: Rajesh Dadu v. … Continue reading “ITAT Directs AO to Allow Credit of Tax Deducted on Property Sale Despite Buyer not Depositing it with Govt.”

Blog, News, Income Tax

August 1, 2023

Assessee’s Return Accepted if AO Doesn’t Pass Timely Order After ITAT Remanded Matter Back to Him | HC

Case Details: Aricent Technologies (Holdings) … Continue reading “Assessee’s Return Accepted if AO Doesn’t Pass Timely Order After ITAT Remanded Matter Back to Him | HC”

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July 31, 2023

[Opinion] An In-depth Analysis of Expanded ‘Angel Tax’ Provisions

Ashutosh Mohan Rastogi, Dhruv Seth … Continue reading “[Opinion] An In-depth Analysis of Expanded ‘Angel Tax’ Provisions”

Blog, News, Income Tax

July 31, 2023

CBDT Notifies SOP for Making Application for Recomputation of Income of Co-operative Society u/s 155

Circular No 14 of 2023, … Continue reading “CBDT Notifies SOP for Making Application for Recomputation of Income of Co-operative Society u/s 155”

News, Blog, Income Tax

July 29, 2023

ITAT Remands AO’s Disallowance of Additional Depreciation on 160MW Solar Power Plant Due to Office Usage

Case Details: Viney Corporation Ltd. … Continue reading “ITAT Remands AO’s Disallowance of Additional Depreciation on 160MW Solar Power Plant Due to Office Usage”

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July 28, 2023

CBDT Issues Clarifications on Certain Funds for FACTA & CRS Reporting

NOTIFICATION F. NO. 500/34/2019-FT&TR-III(PT.)/1, dated … Continue reading “CBDT Issues Clarifications on Certain Funds for FACTA & CRS Reporting”

Blog, Income Tax

July 28, 2023

All-about the E-Appeals Scheme 2023 | JCIT (Appeals)

Table of Contents Memorandum Explaining … Continue reading “All-about the E-Appeals Scheme 2023 | JCIT (Appeals)”

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July 28, 2023

CBDT Authorizes Condonation of Delay for Co-op Societies Filing Income Tax Returns under Section 80P

Circular No 13/2023, Dated 26-07-2023 … Continue reading “CBDT Authorizes Condonation of Delay for Co-op Societies Filing Income Tax Returns under Section 80P”

Blog, News, Income Tax

July 28, 2023

CBDT Notifies Missing ‘Annexure II’ to Form 34E Applicable to Notified Residents Seeking Advance Ruling

G.S.R. 546(E), dated 26-07-2023 Form … Continue reading “CBDT Notifies Missing ‘Annexure II’ to Form 34E Applicable to Notified Residents Seeking Advance Ruling”