Income Tax

Blog, Income Tax

September 24, 2025

70+ FAQs on Income-tax Returns (ITR) for Assessment Year 2023-24

Image Filing Income-tax Returns is … Continue reading “70+ FAQs on Income-tax Returns (ITR) for Assessment Year 2023-24”

News, Blog, Income Tax

July 27, 2022

[Opinion] Taxation issues for closely-held companies for share premium amounts received

V. K. SUBRAMANI – [2022] … Continue reading “[Opinion] Taxation issues for closely-held companies for share premium amounts received”

Blog, News, Income Tax

July 27, 2022

Change of method of accounting can’t be a reason to disallow claim of bad debts: HC

Case Details: L.K.P. Merchant Financing … Continue reading “Change of method of accounting can’t be a reason to disallow claim of bad debts: HC”

Blog, News, Income Tax

July 26, 2022

Tools, dies, etc. used to manufacture products to be treated as part of machinery: ITAT

Case Details: Efacec Switchgear India … Continue reading “Tools, dies, etc. used to manufacture products to be treated as part of machinery: ITAT”

Blog, News, Income Tax

July 26, 2022

Sharing sum received under settlement agreement with employees is contingent in nature: ITAT

Case Details: Sasken Technologies Ltd. … Continue reading “Sharing sum received under settlement agreement with employees is contingent in nature: ITAT”

News, Blog, Income Tax

July 25, 2022

[Opinion] Remittance of Assets Regulations vs Liberalised Remittance Scheme

CA Sri Harsha, CA Narendra … Continue reading “[Opinion] Remittance of Assets Regulations vs Liberalised Remittance Scheme”

Blog, News, Income Tax

July 25, 2022

A mere suspicion that escaped income exceeds Rs. 50 lakh doesn’t empower AO to reassess after 3 years: HC

Case Details: Abdul Majeed Son … Continue reading “A mere suspicion that escaped income exceeds Rs. 50 lakh doesn’t empower AO to reassess after 3 years: HC”

News, Blog, Income Tax

July 23, 2022

CBDT notifies ‘CPPIB Credit Investments VI Inc’ for Sec. 10(23FE) exemption

Notification No. 86/2022, dated 21-07-2022 … Continue reading “CBDT notifies ‘CPPIB Credit Investments VI Inc’ for Sec. 10(23FE) exemption”

Blog, News, Income Tax

July 23, 2022

ITAT set-asides Sec. 263 revision as CIT manually issued order without DIN

Case Details: Tata Medical Centre … Continue reading “ITAT set-asides Sec. 263 revision as CIT manually issued order without DIN”

Blog, News, Income Tax

July 22, 2022

HC quashes reassessment initiated on ‘change of opinion’ under new reassessment provisions

Case Details: Seema Gupta v. … Continue reading “HC quashes reassessment initiated on ‘change of opinion’ under new reassessment provisions”