Income Tax

Blog, News, Income Tax

February 12, 2026

Exp. incurred on converting land from leasehold to freehold to be treated as cost of improvement: ITAT

Case Details: Sanjay Majumdar v. … Continue reading “Exp. incurred on converting land from leasehold to freehold to be treated as cost of improvement: ITAT”

News, Blog, Income Tax

February 25, 2026

Delhi High Court notifies rules for video conferencing; allows public to view court proceedings

Notification No. 348/Rules/DHC, dated 26-10-2021 … Continue reading “Delhi High Court notifies rules for video conferencing; allows public to view court proceedings”

Blog, News, Income Tax

February 12, 2026

It can’t be interpreted that assessee waived off hearing right if he submitted written submission before CIT(A): ITAT

Case Details: Sukhvinder Pal Singh … Continue reading “It can’t be interpreted that assessee waived off hearing right if he submitted written submission before CIT(A): ITAT”

Blog, News, Income Tax

February 17, 2026

Excess share of land received by assessee in executing of partition deed with co-owner can’t be taxed u/s 28: ITAT

Case details: ITO v. Undavalli … Continue reading “Excess share of land received by assessee in executing of partition deed with co-owner can’t be taxed u/s 28: ITAT”

Blog, News, Income Tax

October 28, 2021

Sec. 10(23FE) exemption is available only if source of investment in India is not from any borrowings: CBDT

Circular No. 19/2021, dated 26-10-2021 … Continue reading “Sec. 10(23FE) exemption is available only if source of investment in India is not from any borrowings: CBDT”

Blog, News, Income Tax

February 17, 2026

Benefit of Sec. 36(1)(vii) available even if sugarcane price fixed by State Govt is more than price fixed by Central Govt

Circular 18/2021, dated 25-10-2021 The … Continue reading “Benefit of Sec. 36(1)(vii) available even if sugarcane price fixed by State Govt is more than price fixed by Central Govt”

Blog, News, Income Tax

February 17, 2026

Series of adjournments granted to assessee indicates that hearing opportunity was granted; assessment order valid

Case Details: Unisource Hydro Carbon … Continue reading “Series of adjournments granted to assessee indicates that hearing opportunity was granted; assessment order valid”

Blog, News, Income Tax

February 23, 2026

Lifting of provisional attachment without providing reasonable opportunity to revenue is not justified: HC

Case Details: DDIT v. Ms. … Continue reading “Lifting of provisional attachment without providing reasonable opportunity to revenue is not justified: HC”

News, Blog, Income Tax

February 23, 2026

Delhi HC set-asides faceless assessment order as time frame provided to assessee was too short to respond to SCN

Case Details: Lamba Techno Flooring … Continue reading “Delhi HC set-asides faceless assessment order as time frame provided to assessee was too short to respond to SCN”

Blog, News, Income Tax

February 24, 2026

CIT can’t deny sec. 12AA registration on grounds not related to object & genuineness of trust’s activities: ITAT

Case details: Har Nihal Charitable … Continue reading “CIT can’t deny sec. 12AA registration on grounds not related to object & genuineness of trust’s activities: ITAT”