Income Tax

Blog, Income Tax, News

June 17, 2022

AO can’t attach property of any person other than assessee while resorting provisions to sec. 281B: HC

Case Details: Raghunandan Enterprise v. … Continue reading “AO can’t attach property of any person other than assessee while resorting provisions to sec. 281B: HC”

Blog, Income Tax, News

June 17, 2022

No prejudice is caused if a person complies with sec. 142(1) Notice: HC

Case Details: Mrs Jayanti Dalmia … Continue reading “No prejudice is caused if a person complies with sec. 142(1) Notice: HC”

Blog, Income Tax, News

June 16, 2022

‘331’ notified as Cost Inflation Index for Financial Year 2022-23

Notification No. 62/2022, dated 14-06-2022 … Continue reading “‘331’ notified as Cost Inflation Index for Financial Year 2022-23”

Blog, Income Tax, News

June 16, 2022

CBDT updates MAP Guidance addressing stakeholder’s concerns

Notification F. No. 500/09/2016-APA-I, dated … Continue reading “CBDT updates MAP Guidance addressing stakeholder’s concerns”

Blog, Income Tax, News

June 15, 2022

[Opinion] Surat District Cricket Association hits Tax Demand out of the Park

Meenakshi Subramaniam – [2022] 139 … Continue reading “[Opinion] Surat District Cricket Association hits Tax Demand out of the Park”

Blog, Income Tax, News

June 15, 2022

No denial of section 11 exemption if trust earning rental income to fund its charitable objects: ITAT

Case Details: Oswal Bandhu Samaj … Continue reading “No denial of section 11 exemption if trust earning rental income to fund its charitable objects: ITAT”

Blog, Income Tax, News

June 14, 2022

CBDT notifies new units under Faceless Assessment

Notification F.No. 187/4/2021-ITA-I, dated 10-06-2022 … Continue reading “CBDT notifies new units under Faceless Assessment”

Blog, Income Tax, News

June 14, 2022

AO has power to levy penalty in a remanded back case: HC

Case Details: Mallelil Industries (P.) … Continue reading “AO has power to levy penalty in a remanded back case: HC”

Blog, Income Tax, News

June 13, 2022

CBDT revises procedures laid down for sharing info. with tax deductors/collectors

Notification no. 1 of 2022, … Continue reading “CBDT revises procedures laid down for sharing info. with tax deductors/collectors”

Blog, Income Tax, News

June 13, 2022

Provisions of sec. 40A(3) not applicable if assessee made cash payment for purchase of stock-in-trade: ITAT

Case Details: Vikrant Happy Homes … Continue reading “Provisions of sec. 40A(3) not applicable if assessee made cash payment for purchase of stock-in-trade: ITAT”