Income Tax

Blog, News, Income Tax

March 14, 2023

Sec. 56(2)(viib) does not apply when shares are issued to current shareholders in proportion to existing holdings

Case Details: Chhattisgarh Metaliks and … Continue reading “Sec. 56(2)(viib) does not apply when shares are issued to current shareholders in proportion to existing holdings”

Blog, News, Income Tax

March 13, 2023

ITAT can’t remand matter to AO if case was remanded to it by HC with specific direction: HC

Case Details: Pooja Agarwal v. … Continue reading “ITAT can’t remand matter to AO if case was remanded to it by HC with specific direction: HC”

Blog, News, Income Tax

March 10, 2023

[Opinion] New Scheme of Reassessment under the Income Tax Act

CA Manish Harchandani – [2023] … Continue reading “[Opinion] New Scheme of Reassessment under the Income Tax Act”

Blog, News, Income Tax

March 10, 2023

ITAT rejects co.’s claim of bona fide belief for no audit requirement, as books were prepared under a CA’s guidance

Case Details: Benchmarrk Realty LLP … Continue reading “ITAT rejects co.’s claim of bona fide belief for no audit requirement, as books were prepared under a CA’s guidance”

Blog, News, Income Tax

March 9, 2023

[Opinion] Practical Case Studies on Old vs. New Personal Tax Regime

Mayank Mohanka – [2023] 148 … Continue reading “[Opinion] Practical Case Studies on Old vs. New Personal Tax Regime”

Blog, News, Income Tax

March 9, 2023

AO must prove investment before shifting burden of proof for investment source u/s 69: ITAT

Case Details: Ananthakrishna Vasudev Aithal … Continue reading “AO must prove investment before shifting burden of proof for investment source u/s 69: ITAT”

Blog, News, Income Tax

March 7, 2023

Compensation paid to subsidiaries to recover business losses allowed u/s 37: HC

Case Details: Principal Commissioner of … Continue reading “Compensation paid to subsidiaries to recover business losses allowed u/s 37: HC”

News, Blog, Income Tax

March 7, 2023

[Opinion] Taxability of Cash Benefits from Business or Profession

Raghavan Ramabadran, Bharathi Krishnaprasad & … Continue reading “[Opinion] Taxability of Cash Benefits from Business or Profession”

Blog, Income Tax

October 21, 2026

TDS Under Income Tax Act—Sections 192 to 194DA

TDS (Tax Deducted at Source) … Continue reading “TDS Under Income Tax Act—Sections 192 to 194DA”

Blog, News, Income Tax

March 6, 2023

[Opinion] Implications of Amendment to Section 43B proposed in Finance Bill 2023

CA Ved Jain – [2023] … Continue reading “[Opinion] Implications of Amendment to Section 43B proposed in Finance Bill 2023”