Income Tax

Blog, Income Tax

May 31, 2025

Revised MSME Classification and Definition—FAQs

The definition and classification of … Continue reading “Revised MSME Classification and Definition—FAQs”

News, Blog, Income Tax

June 6, 2023

No Sec. 263 Revision for Sec. 56(2)(viib) on Holding-subsidiary Transactions: ITAT

Case Details: BLP Vayu (Project-1) … Continue reading “No Sec. 263 Revision for Sec. 56(2)(viib) on Holding-subsidiary Transactions: ITAT”

Blog, News, Income Tax

June 5, 2023

CBDT Revises Monetary Limits to Decide Condonation Requests in Refund Claims & Carry Forward Losses

Circular No. 07/2023, dated 31-05-2023 … Continue reading “CBDT Revises Monetary Limits to Decide Condonation Requests in Refund Claims & Carry Forward Losses”

Blog, News, Income Tax

June 5, 2023

Provisional Approval Granted u/s 10(23C) isn’t Equivalent to Grant of Registration for Purpose of Sec. 11(7): ITAT

Case Details: Indian Institute of … Continue reading “Provisional Approval Granted u/s 10(23C) isn’t Equivalent to Grant of Registration for Purpose of Sec. 11(7): ITAT”

News, Blog, Income Tax

June 3, 2023

Sec. 10(37) Exemption not Denied Solely due to State Goverment Compensation Order: ITAT

Case Details: Income-tax Officer v. … Continue reading “Sec. 10(37) Exemption not Denied Solely due to State Goverment Compensation Order: ITAT”

Blog, News, Income Tax

June 2, 2023

No Additions without bringing Fact that Investment in Foreign Assets from Black Money Earned in India: ITAT

Case Details: Sri Srinjoy Bose … Continue reading “No Additions without bringing Fact that Investment in Foreign Assets from Black Money Earned in India: ITAT”

Blog, News, Income Tax

June 2, 2023

CBDT Extends Scope of Non-applicability of Sec. 56(2)(x) to Strategic Disinvestment

Notification no. 35/2023, dated 31-05-2023 … Continue reading “CBDT Extends Scope of Non-applicability of Sec. 56(2)(x) to Strategic Disinvestment”

Blog, Income Tax

June 2, 2023

Demystifying Income Tax Searches and Surveys

Table of Contents Legal Requirements … Continue reading “Demystifying Income Tax Searches and Surveys”

News, Blog, Income Tax

June 1, 2023

AO Can’t Make Additions Based on Inflated Stock in the Stock Statement Submitted to the Bank: HC

Case Details: SRI Chitta Ranjan … Continue reading “AO Can’t Make Additions Based on Inflated Stock in the Stock Statement Submitted to the Bank: HC”

Blog, News, Income Tax

June 1, 2023

Sec. 80G Provisional Approval is Effective from the Relevant AY of the Application Year: CBDT

G.S.R. 399(E) dated 30-05-2023 The … Continue reading “Sec. 80G Provisional Approval is Effective from the Relevant AY of the Application Year: CBDT”