Separate legal entities sharing common address didn’t make them sham companies: HC
Case Details: PCIT v. Surya … Continue reading “Separate legal entities sharing common address didn’t make them sham companies: HC”
Income Tax
No Sec. 24 deduction for interest paid on loan in absence of evidence: ITAT
Case Details: Netra Software Technologies … Continue reading “No Sec. 24 deduction for interest paid on loan in absence of evidence: ITAT”
GAAR can’t be invoked to deny sanction of amalgamation: NCLT
Case Details: Panasonic India (P.) … Continue reading “GAAR can’t be invoked to deny sanction of amalgamation: NCLT”
CBDT revises Procedures for Imposing Penalties under Faceless Penalty Scheme 2021
Notification No. 55/2022, dated 27-05-2022 … Continue reading “CBDT revises Procedures for Imposing Penalties under Faceless Penalty Scheme 2021”
CBDT notifies Faceless Penalty (Amendment) Scheme, 2022
Notification No. 54/2022, dated 27-05-2022 … Continue reading “CBDT notifies Faceless Penalty (Amendment) Scheme, 2022”
