Income Tax

Blog, News, Income Tax

February 17, 2026

Selling flats at amount lesser than stamp duty justified as flats had no parking space & electricity connection: ITAT

Case Details: Peerless General Finance … Continue reading “Selling flats at amount lesser than stamp duty justified as flats had no parking space & electricity connection: ITAT”

News, Blog, Income Tax

February 25, 2026

Section 206AA – The Payments to Non-Residents Controversy

Sanjeeva Narayan – [2021] 132 … Continue reading “Section 206AA – The Payments to Non-Residents Controversy”

Blog, News, Income Tax

February 12, 2026

Excess stock found during search is taxable as business income and not as unexplained investment if such stock isn’t separately identifiable

Case details: PPCIT v. Deccan … Continue reading “Excess stock found during search is taxable as business income and not as unexplained investment if such stock isn’t separately identifiable”

Blog, News, Income Tax

February 25, 2026

“Emerging jurisprudence” as regard the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Ruchesh Sinha, Anmol Batra & … Continue reading ““Emerging jurisprudence” as regard the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015”

Blog, News, Income Tax

July 18, 2024

ITAT allows sec. 54F exemption on purchasing a residential floor in a building with commercial shops on other floors

Case Details: Ashok Kukreja v. … Continue reading “ITAT allows sec. 54F exemption on purchasing a residential floor in a building with commercial shops on other floors”

Blog, Income Tax

February 12, 2026

An Analysis of Mumbai ITAT’s Ruling in the ‘BCCI’ Case

1. Facts 1.1 BCCI The … Continue reading “An Analysis of Mumbai ITAT’s Ruling in the ‘BCCI’ Case”

Blog, News, Income Tax

February 16, 2026

CIT can’t direct AO to add items to compute book profit for MAT without giving a reference of empowering provision

Case Details: CIT v. Nuclear … Continue reading “CIT can’t direct AO to add items to compute book profit for MAT without giving a reference of empowering provision”

Blog, News, Income Tax

February 16, 2026

Assessee developing and protecting interest of commerce and industries is entitled to sec. 12A registration: ITAT

Case Details: Federation of Trade … Continue reading “Assessee developing and protecting interest of commerce and industries is entitled to sec. 12A registration: ITAT”

Blog, News, Income Tax

February 17, 2026

Notice not containing complete address of assessee but his general location is not valid: ITAT

Case Details: Smt. Santosh v. … Continue reading “Notice not containing complete address of assessee but his general location is not valid: ITAT”

Blog, News, Income Tax

February 24, 2026

Pandora Papers: Will Rhetoric Meet Same Fate & Persuasion Likely To Fade Away In Light Of Application Of Strict Test Of Evidence

Aseem Chawla – [2021] 132 … Continue reading “Pandora Papers: Will Rhetoric Meet Same Fate & Persuasion Likely To Fade Away In Light Of Application Of Strict Test Of Evidence”