Income Tax

Blog, News, Income Tax

April 28, 2022

Reassessment justified as huge cash was deposited against PAN of assessee being non-filer of ITR: HC

Case Details: Farmacia Molio v. … Continue reading “Reassessment justified as huge cash was deposited against PAN of assessee being non-filer of ITR: HC”

Blog, News, Income Tax

April 28, 2022

Cash loan over Rs. 20,000 from family members to meet business exigencies acceptable: ITAT

Case Details: Balwan Singh v. … Continue reading “Cash loan over Rs. 20,000 from family members to meet business exigencies acceptable: ITAT”

Blog, Income Tax

August 9, 2022

Cryptocurrency/Virtual Digital Assets Tax in India

Table of Content New Section … Continue reading “Cryptocurrency/Virtual Digital Assets Tax in India”

Blog, News, Income Tax

May 10, 2022

Section 148B inserted by Finance Act 2022 – a still born provision!

Dr. Hemant O. Sharma, Hardayal … Continue reading “Section 148B inserted by Finance Act 2022 – a still born provision!”

Blog, News, Income Tax

April 27, 2022

Reassessment Notice is said to be issued on date when e-mail is sent & not on date when e-mail is received: HC

Case Details: Malavika Enterprises v. … Continue reading “Reassessment Notice is said to be issued on date when e-mail is sent & not on date when e-mail is received: HC”

Blog, Account & Audit, Income Tax

September 20, 2023

Joint Development Arrangement (JDA) for Real Estate

Table of Content Nature of … Continue reading “Joint Development Arrangement (JDA) for Real Estate”

Blog, News, Income Tax

April 26, 2022

Constitution of Committee to deal with taxpayer’s grievance from high pitched assessments: CBDT

Instruction F.no. 225/101/2021-ITA-II, dated 23-04-2022 … Continue reading “Constitution of Committee to deal with taxpayer’s grievance from high pitched assessments: CBDT”

News, Blog, Income Tax

April 26, 2022

Hospital is not a charitable institution if it collects fees from patients who can afford: HC

Case Details: Institute of Franciscan … Continue reading “Hospital is not a charitable institution if it collects fees from patients who can afford: HC”

Blog, News, Income Tax

April 25, 2022

Sec. 53A of Transfer of Property Act not attracted if JDA isn’t registered: HC

Case Details: Shelter Projects Ltd. … Continue reading “Sec. 53A of Transfer of Property Act not attracted if JDA isn’t registered: HC”

Blog, News, Income Tax

April 25, 2022

Payment system providers entitled to Sec. 11 exemption can invest in ‘Open Network for Digital Commerce Ltd.’

Notification No. 42/2022, dated 22-04-2022 … Continue reading “Payment system providers entitled to Sec. 11 exemption can invest in ‘Open Network for Digital Commerce Ltd.’”