Income Tax

Blog, Income Tax, News

May 27, 2022

Assessee can’t have custody of robbed cash recovered by police: HC

Case Details: DDIT v. Sampath … Continue reading “Assessee can’t have custody of robbed cash recovered by police: HC”

Blog, Income Tax, News

May 27, 2022

Credit found in bank a/c belongs to assessee if it was used by him for his investment: HC

Case Details: Pulin Ku. Bir … Continue reading “Credit found in bank a/c belongs to assessee if it was used by him for his investment: HC”

Blog, Income Tax, News

May 26, 2022

Hearing opportunity must be granted before transferring assessee’s case: HC

Case Details: Nagindas Kasturchand and … Continue reading “Hearing opportunity must be granted before transferring assessee’s case: HC”

Blog, Income Tax, News

May 25, 2022

Senior citizen constantly filing salary return not liable to advance tax

Case Details: Jayantilal D Ray … Continue reading “Senior citizen constantly filing salary return not liable to advance tax”

Blog, Income Tax, News

May 25, 2022

Section 158BB doesn’t empower AO to ‘estimate’ undisclosed income: HC

Case Details: PCIT v. Janson … Continue reading “Section 158BB doesn’t empower AO to ‘estimate’ undisclosed income: HC”

Blog, Income Tax, News

May 24, 2022

Impact of the SC’s decision in the case Ashish Agarwal vs. CBDT’s instruction

S.K. Tulsiyan & Ms. Parnashree … Continue reading “Impact of the SC’s decision in the case Ashish Agarwal vs. CBDT’s instruction”

Blog, Income Tax, News

May 24, 2022

Gain arising on sale of office-cum-residential structure eligible for exemption u/s 54F relief and not u/s 54: ITAT

Case Details: Chain Singh Mundra … Continue reading “Gain arising on sale of office-cum-residential structure eligible for exemption u/s 54F relief and not u/s 54: ITAT”

Blog, Income Tax, News

May 23, 2022

Benefit of LTA isn’t available if itinerary of employee includes foreign visit: ITAT

Case Details: State Bank of … Continue reading “Benefit of LTA isn’t available if itinerary of employee includes foreign visit: ITAT”

Blog, Income Tax, News

May 23, 2022

‘Information in Possession’: Beginning of a New Era of Litigations!!

Mayank Mohanka – [2022] 138 … Continue reading “‘Information in Possession’: Beginning of a New Era of Litigations!!”

Blog, Income Tax, News

May 21, 2022

AO’s order imposing penalty under sec. 270A is appealable before CIT(A): Mumbai ITAT

Case Details: Desmond Savio Theodore … Continue reading “AO’s order imposing penalty under sec. 270A is appealable before CIT(A): Mumbai ITAT”