Income Tax

Blog, News, Income Tax

July 17, 2023

AO Couldn’t Disallow Medical Camp Expenses Merely Relying Upon Statement of Office Bearer

Case Details: CIT (Exemption) v. … Continue reading “AO Couldn’t Disallow Medical Camp Expenses Merely Relying Upon Statement of Office Bearer”

Blog, News, Income Tax

July 14, 2023

Benefit of Sec. 54B Couldn’t be Denied if Same was Allowed by AO to Co-owner: ITAT

Case Details: Bhikhabhai Rajabhai Dhameliya … Continue reading “Benefit of Sec. 54B Couldn’t be Denied if Same was Allowed by AO to Co-owner: ITAT”

Blog, News, Income Tax

July 14, 2023

CBDT Includes Funds Regulated Under IFSCA Within Scope of Sec. 115UB

Circular no. 12/2023, dated 12-07-2023 … Continue reading “CBDT Includes Funds Regulated Under IFSCA Within Scope of Sec. 115UB”

Blog, Income Tax

July 22, 2025

Capital Gains Tax in India – Computation and Exemptions

Capital Gain refers to the … Continue reading “Capital Gains Tax in India – Computation and Exemptions”

Blog, GST & Customs, Income Tax

July 13, 2023

Interplay of Income Tax & GST

Table of Content Background Fake … Continue reading “Interplay of Income Tax & GST”

Blog, News, Income Tax

July 13, 2023

CBDT Notifies ‘Yamuna Expressway Industrial Development Authority’ for Exemption u/s 10(46)

Notification No. 48 /2023, dated … Continue reading “CBDT Notifies ‘Yamuna Expressway Industrial Development Authority’ for Exemption u/s 10(46)”

News, Blog, Income Tax

July 13, 2023

No Concealment Penalty if Assessee Corrected Mistake Before Assessment Order was Passed: HC

Case Details: PCIT v. National … Continue reading “No Concealment Penalty if Assessee Corrected Mistake Before Assessment Order was Passed: HC”

Blog, News, Income Tax

July 12, 2023

No Additions Relying Upon Statements of Transporters Without Providing Opportunity to Cross-examine: HC

Case Details: Sree Trading Corporation … Continue reading “No Additions Relying Upon Statements of Transporters Without Providing Opportunity to Cross-examine: HC”

Blog, News, Income Tax

July 12, 2023

[Opinion] Reassessment Without Notice u/s 143(2) when Assessee Treats Original ITR as Response to Notice u/s 148

CA Mukesh Kohli – [2023] … Continue reading “[Opinion] Reassessment Without Notice u/s 143(2) when Assessee Treats Original ITR as Response to Notice u/s 148”

Blog, News, Income Tax

July 11, 2023

CA Firm Can’t Invoke MSMED Act for Claiming Balance Remuneration for Special Audit: HC

Case Details: PCIT v. Micro … Continue reading “CA Firm Can’t Invoke MSMED Act for Claiming Balance Remuneration for Special Audit: HC”