Blog, Income Tax, News December 27, 2022 AO can’t proceed u/s 179 if non-recovery of demand not due to director’s negligence: HC Case Details: Devendra Babulal Jain … Continue reading “AO can’t proceed u/s 179 if non-recovery of demand not due to director’s negligence: HC”
Blog, Income Tax, News December 26, 2022 Repeal of Sec. 144B(9) by FA 2022 with retrospective effect isn’t unconstitutional: HC Case Details: Sapna Flour Mills … Continue reading “Repeal of Sec. 144B(9) by FA 2022 with retrospective effect isn’t unconstitutional: HC”
Blog, Income Tax, News December 24, 2022 Furnishing delivery challans and purchase bills sufficient to discharge burden of proof: HC Case Details: PCIT v. Jagdish … Continue reading “Furnishing delivery challans and purchase bills sufficient to discharge burden of proof: HC”
Blog, Income Tax, News December 23, 2022 HC grants relief to ‘Xiaomi’; set-asides provisional attachment made by AO Case Details: Xiaomi Technology India … Continue reading “HC grants relief to ‘Xiaomi’; set-asides provisional attachment made by AO”
Blog, Income Tax, News December 22, 2022 ICAI can initiate inquiry against PNB auditors in Nirav Modi Scam relying upon news reports: HC Case Details: C.A. Sanjay Jain … Continue reading “ICAI can initiate inquiry against PNB auditors in Nirav Modi Scam relying upon news reports: HC”
Blog, Income Tax, News December 22, 2022 CA certificate stating NIL dealings with party isn’t sufficient to drop SCN issued u/s 148A(b): HC Case Details: Barbrik Projects Ltd. … Continue reading “CA certificate stating NIL dealings with party isn’t sufficient to drop SCN issued u/s 148A(b): HC”
Blog, Income Tax, News December 21, 2022 Recovery of bad debts of Companies that got merged is taxable u/s 41(1) in assessee’s hand: HC Case Details: Sundaram Finance Ltd. … Continue reading “Recovery of bad debts of Companies that got merged is taxable u/s 41(1) in assessee’s hand: HC”
Blog, Income Tax, News December 20, 2022 Private hospital turned into foundation not exempt from tax if it continues to function same way Case Details: Fernandez Foundation v. … Continue reading “Private hospital turned into foundation not exempt from tax if it continues to function same way”
Blog, Income Tax, News December 20, 2022 Gross Direct Tax collections for the FY 2022-23 show 25.90% growth: CBDT Press Release, dated 18-12-2022 The … Continue reading “Gross Direct Tax collections for the FY 2022-23 show 25.90% growth: CBDT”
Blog, Income Tax, News December 20, 2022 [Opinion] Doctrine of Legitimate Expectation: Meaning, Concept & its Application CA Manoj Nahata – [2022] … Continue reading “[Opinion] Doctrine of Legitimate Expectation: Meaning, Concept & its Application”