Income Tax

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October 19, 2022

Profits, when co. was declared as sick, can’t be set off with B/F loss or unabsorbed dep. for MAT purposes

Case Details: Kannappan Textile Mill … Continue reading “Profits, when co. was declared as sick, can’t be set off with B/F loss or unabsorbed dep. for MAT purposes”

Blog, News, Income Tax

October 19, 2022

[Opinion] Digital Transformation of Tax Administration

Pritin Kumar, Dilip Sutar & … Continue reading “[Opinion] Digital Transformation of Tax Administration”

Blog, News, Income Tax

November 17, 2022

Govt. asks for suggestions on direct & indirect taxes changes for Budget 2023-24 proposals

Notification F. no. 334/6/2022-TRU, dated … Continue reading “Govt. asks for suggestions on direct & indirect taxes changes for Budget 2023-24 proposals”

Blog, News, Income Tax

October 17, 2022

HC quashes Benami proceedings initiated against AAP’s Minister Satyendar Jain; cites SC ruling

Case Details: Jaladi Prasuna v. … Continue reading “HC quashes Benami proceedings initiated against AAP’s Minister Satyendar Jain; cites SC ruling”

Blog, News, Income Tax

October 17, 2022

AO can’t ask Start-up to submit bank statements/ITRs of reputed NR investors: ITAT

Case Details: Raw Pressery (P.) … Continue reading “AO can’t ask Start-up to submit bank statements/ITRs of reputed NR investors: ITAT”

News, Blog, Income Tax

October 15, 2022

Employee’s contribution to ESI/PF paid before filing of ITR not deductible: SC

Case Details: Checkmate Services (P.) … Continue reading “Employee’s contribution to ESI/PF paid before filing of ITR not deductible: SC”

Blog, News, Income Tax

October 14, 2022

[Opinion] Analysis of Delhi HC’s ruling upholding validity of re-assessment notice for AY 2013-14

1. In respect of cases … Continue reading “[Opinion] Analysis of Delhi HC’s ruling upholding validity of re-assessment notice for AY 2013-14”

Blog, News, Income Tax

October 14, 2022

Sec. 68 additions justified as donors confirmed that they arranged gifts on receipt of commission: Madras HC

Case Details: P.R.Ganapathy v. DCIT … Continue reading “Sec. 68 additions justified as donors confirmed that they arranged gifts on receipt of commission: Madras HC”

Blog, News, Income Tax

December 24, 2024

No Equalisation levy on sum paid to ‘Google’ for Ads if target audience is located outside India: ITAT

Case Details: DCIT v. Prakash … Continue reading “No Equalisation levy on sum paid to ‘Google’ for Ads if target audience is located outside India: ITAT”

News, Blog, Income Tax

October 12, 2022

CBDT amends definition of ‘non-reporting financial institution’ for purpose of reporting under FATCA

Notification no. 112/2022, dated 07-10-2022 … Continue reading “CBDT amends definition of ‘non-reporting financial institution’ for purpose of reporting under FATCA”