Income Tax

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April 13, 2022

Expense to raise floor height of warehouse during monsoon is revenue exp.: HC

Case Details: Jetha Properties (P.) … Continue reading “Expense to raise floor height of warehouse during monsoon is revenue exp.: HC”

Blog, News, Income Tax

April 12, 2022

[Opinion] Kalyana Mandapams Tied Up In Knots | Analysis of Kuchalambal Charities v. ITO

Meenakshi Subramaniam – [2022] 137 … Continue reading “[Opinion] Kalyana Mandapams Tied Up In Knots | Analysis of Kuchalambal Charities v. ITO”

Blog, News, Income Tax

April 12, 2022

Investment made and declared after claiming Sec. 54B is not willful tax evasion: HC

Case Details: H. Ameerdeen v. … Continue reading “Investment made and declared after claiming Sec. 54B is not willful tax evasion: HC”

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April 11, 2022

Amendments to Section 14A vide Finance Act, 2022 – Clarificatory or Ambiguity?

Madhvi Desai – [2022] 137 … Continue reading “Amendments to Section 14A vide Finance Act, 2022 – Clarificatory or Ambiguity?”

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April 11, 2022

Time spent in appeal filed with bona fide mistake to be excluded for computing limitation period for sec. 264 revision: HC

Case details: KLJ Organic Ltd. … Continue reading “Time spent in appeal filed with bona fide mistake to be excluded for computing limitation period for sec. 264 revision: HC”

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April 8, 2022

Application of Section 14 of Limitation Act in Income Tax Proceedings

CA Gaurav Jain & Shubham … Continue reading “Application of Section 14 of Limitation Act in Income Tax Proceedings”

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April 8, 2022

CBDT amends Rules to allow Infrastructure Debt Fund to issue ‘Zero Coupon Bonds’

Notification 28/2022, dated 06-04-2022 Section … Continue reading “CBDT amends Rules to allow Infrastructure Debt Fund to issue ‘Zero Coupon Bonds’”

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April 7, 2022

CBDT constitutes Dispute Resolution Committee; notifies e-Dispute Resolution Scheme, 2022

Notification No. 26 /2022 and … Continue reading “CBDT constitutes Dispute Resolution Committee; notifies e-Dispute Resolution Scheme, 2022”

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April 7, 2022

SC upholds validity of Assessment Order passed in name of non-existing amalgamating Co.

Case Details: PCIT v. Mahagun … Continue reading “SC upholds validity of Assessment Order passed in name of non-existing amalgamating Co.”

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April 6, 2022

Initiation of the Reassessment proceedings under the new mechanism

Rajiv Kumar, Ruchesh Sinha & … Continue reading “Initiation of the Reassessment proceedings under the new mechanism”