Income Tax

Blog, News, Income Tax

September 9, 2022

No question of law arises if ITAT held that gain on sale of agricultural land was taxable as business income: SC

Case Details: Sunil Bansal v. … Continue reading “No question of law arises if ITAT held that gain on sale of agricultural land was taxable as business income: SC”

Blog, News, Income Tax

September 9, 2022

Sec. 80-IA relief can’t be denied just because assessee was referred to as contractor

Case Details: Akash Infra Projects … Continue reading “Sec. 80-IA relief can’t be denied just because assessee was referred to as contractor”

Blog, News, Income Tax

September 21, 2022

[Opinion] Does ‘Tax Audit’ u/s 44AB apply to Business Income of Charitable Trusts?

Dr. Manoj Fogla, CA Suresh … Continue reading “[Opinion] Does ‘Tax Audit’ u/s 44AB apply to Business Income of Charitable Trusts?”

Blog, Income Tax

March 31, 2025

Capital Gains under the Income-tax Act & Its Computation

Capital gains refer to the … Continue reading “Capital Gains under the Income-tax Act & Its Computation”

News, Blog, Income Tax

September 8, 2022

Order challenged on ground of non-compliance of Sec. 144B(9) dismissed: HC

Case Details: Sumeet Gems and … Continue reading “Order challenged on ground of non-compliance of Sec. 144B(9) dismissed: HC”

Blog, News, Income Tax

September 7, 2022

An assessee declared insolvent is entitled to waiver of interest & penalty levied on non-payment of tax: HC

Case Details: Mrs. T.R. Bhuvaneswari … Continue reading “An assessee declared insolvent is entitled to waiver of interest & penalty levied on non-payment of tax: HC”

Blog, News, Income Tax

September 7, 2022

CBDT notifies the hierarchy of Principal Chief CIT, Chief CIT, and CIT(A)

Notification No. 106/2022, dated 02-09-2022 … Continue reading “CBDT notifies the hierarchy of Principal Chief CIT, Chief CIT, and CIT(A)”

Blog, News, Income Tax

September 6, 2022

Business could be said to have been set up from date when one of categories of business activity was started: ITAT

Case Details: RBL Hotels (P.) … Continue reading “Business could be said to have been set up from date when one of categories of business activity was started: ITAT”

Blog, News, Income Tax

September 3, 2022

Requirement to quote PAN on cash deposit/withdrawal not applicable on Central/State Govt.: CBDT

Notification No. 105/2022, dated 01-09-2022 … Continue reading “Requirement to quote PAN on cash deposit/withdrawal not applicable on Central/State Govt.: CBDT”

Blog, News, Income Tax

September 3, 2022

Reference to DVO u/s 142A can’t be made for ascertaining expenditure which assessee made on purchases of land: ITAT

Case Details: Toffee Agricultural Farms … Continue reading “Reference to DVO u/s 142A can’t be made for ascertaining expenditure which assessee made on purchases of land: ITAT”