Income Tax

Blog, News, Income Tax

February 18, 2023

LLP is eligible for exemption from profits received from firm in which it was a partner: ITAT

Case Details: M/s. Mulberry Textiles … Continue reading “LLP is eligible for exemption from profits received from firm in which it was a partner: ITAT”

Blog, News, Income Tax

February 16, 2023

CBDT notifies Income-tax Return (ITR Forms) for AY 2023-24

Notification No. 04/2023 and Notification … Continue reading “CBDT notifies Income-tax Return (ITR Forms) for AY 2023-24”

News, Blog, Income Tax

February 16, 2023

Plot purchase can’t be stock-in-trade if not proved for business purposes: ITAT

Case Details: Ranjit Shivram Raut … Continue reading “Plot purchase can’t be stock-in-trade if not proved for business purposes: ITAT”

Blog, News, Income Tax

February 15, 2023

AO to release refund beyond 20% of tax demand even if 65% of tax demand adjusted by CPC: HC

Case Details: Neo Structo Construction … Continue reading “AO to release refund beyond 20% of tax demand even if 65% of tax demand adjusted by CPC: HC”

Blog, News, Income Tax

February 15, 2023

[Opinion] Post Budget, Why Certain Employees May Want a Reduced Salary!

Mayank Mohanka – [2023] 147 … Continue reading “[Opinion] Post Budget, Why Certain Employees May Want a Reduced Salary!”

Blog, News, Income Tax

February 15, 2023

Gross Direct Tax collections for the FY 2022-23 show 24.09% growth: CBDT

PRESS RELEASE, dated 11-02-2023 The … Continue reading “Gross Direct Tax collections for the FY 2022-23 show 24.09% growth: CBDT”

Blog, News, Income Tax

February 14, 2023

Sec. 263 order without Document Identification Number deemed non-existent: ITAT

Case Details: Dilip Kothari v. … Continue reading “Sec. 263 order without Document Identification Number deemed non-existent: ITAT”

Blog, News, Income Tax

February 13, 2023

ITAT allowed additions as father couldn’t justify letting out property to daughter at low rent

Case Details: Atul Chandrakant Kirloskar … Continue reading “ITAT allowed additions as father couldn’t justify letting out property to daughter at low rent”

Blog, News, Income Tax

February 10, 2023

PAN jurisdiction transfer follows transfer order, AO can’t claim jurisdiction if transferred later: HC

Case Details: PCIT v. Capstone … Continue reading “PAN jurisdiction transfer follows transfer order, AO can’t claim jurisdiction if transferred later: HC”

News, Blog, Income Tax

February 9, 2023

Holding Recovery of Demand Does Not Require Advance Payment of the Demand

Case Details: Dabur India Ltd. … Continue reading “Holding Recovery of Demand Does Not Require Advance Payment of the Demand”