Income Tax

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May 17, 2023

Additional Evidence can’t be Admitted without explaining Issue that was Adjudicated by way of Additional Ground: ITAT

Case Details: ITO (International Taxation) … Continue reading “Additional Evidence can’t be Admitted without explaining Issue that was Adjudicated by way of Additional Ground: ITAT”

Blog, News, Income Tax

May 17, 2023

[Opinion] Does Section 133A Permits Gate Crashing the Residential Premises Unconditionally?

  CMA Raji Nathani & … Continue reading “[Opinion] Does Section 133A Permits Gate Crashing the Residential Premises Unconditionally?”

Blog, News, Income Tax

May 15, 2023

ITAT: No Benefit Under Rule 6DD for Assessee Not Primarily Responsible for Cash Payments

Case Details: R.K. Powergen (P.) … Continue reading “ITAT: No Benefit Under Rule 6DD for Assessee Not Primarily Responsible for Cash Payments”

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May 11, 2023

Section 80-IA Deduction Applies with Govt. Nodal Agency Agreement: ITAT

Case Details: Bothra Shipping Services … Continue reading “Section 80-IA Deduction Applies with Govt. Nodal Agency Agreement: ITAT”

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May 10, 2023

Affidavits of Typist and CA Admitting Typographical Error are Not Enough to Delete Addition for Unaccounted Purchases

Case Details: ACIT v. Kantilal … Continue reading “Affidavits of Typist and CA Admitting Typographical Error are Not Enough to Delete Addition for Unaccounted Purchases”

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May 9, 2023

Can AO Revise 153A Assessments without Incriminating Search Material?

Mukesh Kohli – [2023] 150 … Continue reading “Can AO Revise 153A Assessments without Incriminating Search Material?”

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May 9, 2023

HC Cancels Reassessment; CSR Expenses Not Bound by Companies Act

Case Details:  Adani Power Rajasthan … Continue reading “HC Cancels Reassessment; CSR Expenses Not Bound by Companies Act”

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May 8, 2023

The Curious Case of 5th and 6th proviso to Section 149(1) of Income Tax Act 1961

  Adv (CA) Abhishek Garg, … Continue reading “The Curious Case of 5th and 6th proviso to Section 149(1) of Income Tax Act 1961”

Blog, News, Income Tax

May 8, 2023

ITAT Permits Use of Survey Docs. against Assessee Despite Retracted Statement on Oath

  Case Details: Bhimsen Darbarilal … Continue reading “ITAT Permits Use of Survey Docs. against Assessee Despite Retracted Statement on Oath”

Blog, News, Income Tax

May 8, 2023

Sec. 56(2)(viia) would Prevail over Sec. 47(vi) if Shares are Transferred on Account of Amalgamation: ITAT

Case Details: ACIT v. Vertex … Continue reading “Sec. 56(2)(viia) would Prevail over Sec. 47(vi) if Shares are Transferred on Account of Amalgamation: ITAT”