Income Tax

Blog, News, Income Tax

September 9, 2021

‘iPad’ may discharge some computer functions but it isn’t a computer; not eligible for higher dep.: ITAT

Case details: Kohinoor Indian (P.) … Continue reading “‘iPad’ may discharge some computer functions but it isn’t a computer; not eligible for higher dep.: ITAT”

Blog, News, Income Tax

August 31, 2021

Exp. incurred on doctor’s travel isn’t ‘commission’ if he isn’t bound to prescribe medicines suggested by assessee: HC

Case details: CIT (TDS) v. … Continue reading “Exp. incurred on doctor’s travel isn’t ‘commission’ if he isn’t bound to prescribe medicines suggested by assessee: HC”

News, Blog, Income Tax

August 31, 2021

Reassessment initiated on statement of hospital manager that doctor didn’t disclose full consultancy fees held valid

Case details: Dr. Sajan Hedge … Continue reading “Reassessment initiated on statement of hospital manager that doctor didn’t disclose full consultancy fees held valid”

Blog, News, Income Tax

September 9, 2021

HC dismisses Tamil actor RS Suriya’s request of interest waiver as conditions of Sec. 220(2A) not complied with

Case details: R.S.Suriya v. PCIT … Continue reading “HC dismisses Tamil actor RS Suriya’s request of interest waiver as conditions of Sec. 220(2A) not complied with”

Blog, News, Income Tax

August 27, 2021

Interest deduction for full-year can’t be allowed if partner has withdrawn major amount of capital from firm: ITAT

Case Details: Universal Stone Crushing … Continue reading “Interest deduction for full-year can’t be allowed if partner has withdrawn major amount of capital from firm: ITAT”

News, Blog, Income Tax

August 27, 2021

Equalisation levy and its applicability on intra-group transactions

1. Background: In the last … Continue reading “Equalisation levy and its applicability on intra-group transactions”

Blog, News, Income Tax

August 26, 2021

Sec. 43CA applicable even if agreement for sale was entered prior to date when said section came into force: ITAT

Case details: Spytech Buildcon v. … Continue reading “Sec. 43CA applicable even if agreement for sale was entered prior to date when said section came into force: ITAT”

Blog, News, Income Tax

August 26, 2021

Excess of income over exp. can’t be a reason to hold that trust isn’t engaged in charitable activities: HC

Case details: CIT v. Angels … Continue reading “Excess of income over exp. can’t be a reason to hold that trust isn’t engaged in charitable activities: HC”

News, Blog, Income Tax

May 12, 2022

Whether tax planning is a commercial decision or tax evasion?

Sanjiv Kumar Chaudhary – [2021] … Continue reading “Whether tax planning is a commercial decision or tax evasion?”

Blog, News, Income Tax

December 15, 2025

Assets installed at collection centers of laboratory situated at multiple locations eligible for additional dep.: ITAT

Case details: Metropolis Healthcare Ltd. … Continue reading “Assets installed at collection centers of laboratory situated at multiple locations eligible for additional dep.: ITAT”