Income Tax

Blog, Income Tax, News

June 10, 2022

New Scheme of Reassessment – Good Intent, Faulty Implementation

Sachin Garg & Sidharth Sipani … Continue reading “New Scheme of Reassessment – Good Intent, Faulty Implementation”

Blog, Income Tax, News

June 9, 2022

Making wrong claim in ITR can’t be equated with concealment of income

Case Details: Pawan Garg v. … Continue reading “Making wrong claim in ITR can’t be equated with concealment of income”

Blog, Income Tax, News

June 9, 2022

[Opinion] Section 148A reforms

Gopal Nathani & Raji Nathani … Continue reading “[Opinion] Section 148A reforms”

Blog, Income Tax, News

June 8, 2022

[IFSC] Govt. notifies Sec. 9A conditions not applicable for eligible investment fund

Notification No. 59/2022, dated 06-06-2022 … Continue reading “[IFSC] Govt. notifies Sec. 9A conditions not applicable for eligible investment fund”

Blog, Income Tax, News

June 8, 2022

Dept. has power to take possession over assets which were never disclosed to tax authority: HC

Case Details: Jahar Singh Gurjar … Continue reading “Dept. has power to take possession over assets which were never disclosed to tax authority: HC”

Blog, Income Tax, News

June 7, 2022

CBDT revises guidelines for compulsory selection of ITRs for Scrutiny

Notification no. 225/81/2022/ITA-II, dated 03-06-2022 … Continue reading “CBDT revises guidelines for compulsory selection of ITRs for Scrutiny”

Blog, Income Tax, News

June 7, 2022

Charges paid regularizing usage of residential unit for commercial purposes isn’t tax for Sec. 23(1) deduction: ITAT

Case Details: Amar Chand Garg … Continue reading “Charges paid regularizing usage of residential unit for commercial purposes isn’t tax for Sec. 23(1) deduction: ITAT”

Blog, Income Tax, News

June 6, 2022

Central Govt. approves 8.10% interest rate on PF deposits for year 2021-2022

Notification no. INV-11/2/2021—INV/4670, dated 03-06-2022 … Continue reading “Central Govt. approves 8.10% interest rate on PF deposits for year 2021-2022”

Blog, Income Tax, News

June 6, 2022

Premium paid over 20% of sum assured can’t be part of COA: ITAT

Case Details: Bishista Bagchi v. … Continue reading “Premium paid over 20% of sum assured can’t be part of COA: ITAT”

Blog, Income Tax, News

June 4, 2022

CBDT issues clarifications on Form 10AC (Registration of Trusts & Institutions)

Circular no. 11/2022, dated 03-06-2022 … Continue reading “CBDT issues clarifications on Form 10AC (Registration of Trusts & Institutions)”