Case Details: Deepak Wadhwa v. ACIT, – [2021] 131 taxmann.com 205 (Delhi – Trib.) Judiciary … Continue reading “No concealment penalty if an amount is excluded from head PGBP and taxed as unexplained income: ITAT”
Prabhakar K S – [2021] 131 taxmann.com 263 (Article) The recent ‘Order’ stating that ‘the … Continue reading “Legitimate Tax Planning Legal, Not Illegal?”
Case Details: Sanjay Majumdar v. PCIT [2021] 131 taxmann.com 265 (Allahabad – Trib.) Judiciary and … Continue reading “Exp. incurred on converting land from leasehold to freehold to be treated as cost of improvement: ITAT”
Notification No. 348/Rules/DHC, dated 26-10-2021 The Delhi High Court has notified ‘High Court of Delhi … Continue reading “Delhi High Court notifies rules for video conferencing; allows public to view court proceedings”
Case Details: Sukhvinder Pal Singh v. ITO – [2021] 131 taxmann.com 203 (Delhi – Trib.) … Continue reading “It can’t be interpreted that assessee waived off hearing right if he submitted written submission before CIT(A): ITAT”
Case details: ITO v. Undavalli Constructions – [2021] 131 taxmann.com 204 (Visakhapatnam – Trib.) Judiciary … 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”
Circular No. 19/2021, dated 26-10-2021 Section 10(23FE) provides an exemption to sovereign wealth funds and … Continue reading “Sec. 10(23FE) exemption is available only if source of investment in India is not from any borrowings: CBDT”
Circular 18/2021, dated 25-10-2021 The deduction under section 36(1)(vii) is allowed in respect of expenditure … 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”
Case Details: Unisource Hydro Carbon Services (P.) Ltd. v. Union of India – [2021] 131 … Continue reading “Series of adjournments granted to assessee indicates that hearing opportunity was granted; assessment order valid”
Case Details: DDIT v. Ms. Sigapi Muthiah – [2021] 131 taxmann.com 173 (Madras) Judiciary and … Continue reading “Lifting of provisional attachment without providing reasonable opportunity to revenue is not justified: HC”
