Income Tax

Blog, Income Tax, News

November 29, 2023

AO to Record Reasons for Carrying Out Reassessment Even in Case of an Ex-parte Proceedings | HC

Case Details: GSP Piling Constructions … Continue reading “AO to Record Reasons for Carrying Out Reassessment Even in Case of an Ex-parte Proceedings | HC”

Blog, Income Tax, News

November 28, 2023

Order Passed by CIT u/s 119 Can’t be Filed Before ITAT as it isn’t Listed u/s 253(1) as an Appealable Order

Case Details: Shrishti Institute of … Continue reading “Order Passed by CIT u/s 119 Can’t be Filed Before ITAT as it isn’t Listed u/s 253(1) as an Appealable Order”

Blog, Income Tax, News

November 28, 2023

Payment for Processing of Milk into Milk Products is Subject to TDS u/s 194C, Not Sec. 194J | Gujarat HC

Case Details: PCIT vs. Maahi … Continue reading “Payment for Processing of Milk into Milk Products is Subject to TDS u/s 194C, Not Sec. 194J | Gujarat HC”

Blog, Income Tax, News

November 27, 2023

CBDT Notifies ‘Chhattisgarh Rajya Beej Pramanikaran Sansth’ & ‘Maharashtra Council of Homoeopathy’ u/s 10(46)

S.O. 5044(E) and 5045(E), dated … Continue reading “CBDT Notifies ‘Chhattisgarh Rajya Beej Pramanikaran Sansth’ & ‘Maharashtra Council of Homoeopathy’ u/s 10(46)”

Blog, Income Tax, News

November 27, 2023

Interest Exp. Can’t be Disallowed If Co. Didn’t Recognize Interest Income as Recovering Loans Becomes Impossible

Case Details: DCIT vs. M/s. … Continue reading “Interest Exp. Can’t be Disallowed If Co. Didn’t Recognize Interest Income as Recovering Loans Becomes Impossible”

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November 25, 2023

Posting Date of Misc. Petition Hearing in Cause List is Inadequate; Parties Must be Formally Notified of Hearing Date | HC

Case Details: Ejaz Tanning Company … Continue reading “Posting Date of Misc. Petition Hearing in Cause List is Inadequate; Parties Must be Formally Notified of Hearing Date | HC”

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November 24, 2023

ITAT Directed AO to Allow Indexed Cost of Acquisition Even Though the Assessee Forgot to Claim it in Return

Case Details: Alok Ghosh vs. … Continue reading “ITAT Directed AO to Allow Indexed Cost of Acquisition Even Though the Assessee Forgot to Claim it in Return”

Blog, Income Tax, News

November 24, 2023

[Opinion] AO Cannot Casually Disallow Payments to Relatives

Meenakshi Subramaniam – [2023] 156 … Continue reading “[Opinion] AO Cannot Casually Disallow Payments to Relatives”

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November 23, 2023

Govt. Notifies ‘Deputy Director General (Tech Development Division), UIDAI’ as Authority u/s 138

Notification No. 99/2023, dated 20-11-2023 … Continue reading “Govt. Notifies ‘Deputy Director General (Tech Development Division), UIDAI’ as Authority u/s 138”

Blog, Income Tax, News

November 23, 2023

Last Date Mentioned u/s 245C to File SetCom Application Should Be Read as 31-03-2021 Instead of 01-02-2021 | HC

Case Details: Jain Metal Rolling … Continue reading “Last Date Mentioned u/s 245C to File SetCom Application Should Be Read as 31-03-2021 Instead of 01-02-2021 | HC”