Aseem Chawla – [2021] 132 taxmann.com 135 (Article) The total amount of black money being … Continue reading “Pandora Papers: Will Rhetoric Meet Same Fate & Persuasion Likely To Fade Away In Light Of Application Of Strict Test Of Evidence”
Case Details: Haren Textiles (P.) Ltd. v. PCIT – [2021] 132 taxmann.com 39 (Bombay) Judiciary … Continue reading “Assessee eligible for Sec. 264 revision if its application to get immunity from penalty got rejected: HC”
Press Release, dated 14-11-2021 The Income-tax Dept. has set up a Taxpayers’ Lounge in India … Continue reading “Tax Dept. sets up ‘Taxpayer’s Lounge’ in India International Trade Fair, 2021 at Pragati Maidan”
Case Details: Board of Control for Cricket in India v. PCIT – [2021] 132 taxmann.com … Continue reading “BCCI isn’t engaged in commercial activities as funds generated from IPL are used for promoting cricket: ITAT”
Neeraj Gupta – [2021] 132 taxmann.com 112 (Article) The literal meaning of the word ‘Equity’ … Continue reading “Equity and the provisions of Income Tax Law in India”
Case Details: Bright Enterprises (P.) Ltd. v. DCIT – [2021] 132 taxmann.com 32 (Amritsar – … Continue reading “Disallowance under sec. 40A(2) without a comparable to prove the excessive payment is not justified: ITAT”
Case Details: Subex Ltd. v. CIT – [2021] 132 taxmann.com 96 (Karnataka) Judiciary and Counsel … Continue reading “Cost incurred in acquisition of shares of Co. can’t be treated as a cost of project for Sec. 35D deduction: HC”
Meenakshi Subramaniam – [2021] 132 taxmann.com 81 (Article) In India, a husband lovingly gave loan … Continue reading “Opinion: Wives Can Get and Forget Cash Loans”
Case Details: PCIT v Ettumanoor Service Co-operative Bank Ltd. – [2021] 132 taxmann.com 33 (Kerala) … Continue reading “Disallowed portion of interest exp. forms part of income; eligible for Sec. 80P deduction: HC”
Gopal Nathani – [2021] 132 taxmann.com 58 (Article) In the case of Sasi Enterprises Vs. … Continue reading “Need to reform ordinary rule of prosecution and return filing mechanism”
