Income Tax

News, Blog, Income Tax

February 13, 2026

Lessee entitled for Sec. 35AD deduction though lessor constructed basic civil structure of building: ITAT

Case Details: Taj GVK Hotels … Continue reading “Lessee entitled for Sec. 35AD deduction though lessor constructed basic civil structure of building: ITAT”

Blog, News, Income Tax

February 17, 2026

Updated Return – Is it boon or bane for the taxpayers?

Harshit Khurana & Devashish Jain … Continue reading “Updated Return – Is it boon or bane for the taxpayers?”

Blog, News, Income Tax

February 13, 2026

AO shouldn’t act as a mere tax-gatherer; Stay application should ordinarily be disposed of in assessee’s favour: HC

Case Details: Harsh Dipak Shah … Continue reading “AO shouldn’t act as a mere tax-gatherer; Stay application should ordinarily be disposed of in assessee’s favour: HC”

Blog, News, Income Tax

February 23, 2026

Sales commission related to prior year isn’t allowable in absence of proof that it was contingent on realization of proceeds

Case Details: Meena Circuits (P.) … Continue reading “Sales commission related to prior year isn’t allowable in absence of proof that it was contingent on realization of proceeds”

Blog, News, Income Tax

June 28, 2022

Can taxpayers claim health & education cess as an allowable expenditure – Budget 2022 proposes retrospective disallowance

Sudeep Das & Ashwath Pai … Continue reading “Can taxpayers claim health & education cess as an allowable expenditure – Budget 2022 proposes retrospective disallowance”

Blog, News, Income Tax

February 23, 2026

AO can’t issue scrutiny notice for period covered by resolution plan approved by NCLT under IBC

Case Details: Sirpur Paper Mills … Continue reading “AO can’t issue scrutiny notice for period covered by resolution plan approved by NCLT under IBC”

Blog, News, Income Tax

February 25, 2026

More than 29.8 lakh Tax Audit Reports filed on e-filing portal within extended due date of 15-02-2022: CBDT

Press Release, dated 16-02-2022 The … Continue reading “More than 29.8 lakh Tax Audit Reports filed on e-filing portal within extended due date of 15-02-2022: CBDT”

Blog, News, Income Tax

February 16, 2026

No capital gains if only licence was given to developer to enter property for construction under JDA: ITAT

Case Details: Anugraha Shelters (P) … Continue reading “No capital gains if only licence was given to developer to enter property for construction under JDA: ITAT”

News, Blog, Income Tax

February 17, 2022

Taxability of computer software in India – Emerging intricacies after Supreme Court decision

Vishal Rajvansh – [2022] 135 … Continue reading “Taxability of computer software in India – Emerging intricacies after Supreme Court decision”

Blog, News, Income Tax

February 17, 2026

Withholding tax on benefits or perquisites under proposed section 194R

Yogesh Shah, Aparna Parelkar & … Continue reading “Withholding tax on benefits or perquisites under proposed section 194R”