Income Tax

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March 11, 2025

HC Denied Bad Debt Claim as Standing as Guarantor Wasn’t the Main Object of Assessee Co.

Case Details: Principal Commissioner of … Continue reading “HC Denied Bad Debt Claim as Standing as Guarantor Wasn’t the Main Object of Assessee Co.”

Blog, News, Income Tax

March 11, 2025

Provisional B/S Referring to Position as on 30-09-2005 Can’t Be Said to Be Incriminating Material for AY 2004-05 & 2005-06

Case Details: Principal Commissioner of … Continue reading “Provisional B/S Referring to Position as on 30-09-2005 Can’t Be Said to Be Incriminating Material for AY 2004-05 & 2005-06”

Blog, News, Income Tax

March 10, 2025

Orissa Pollution Control Board is ‘State’ Under Article 12; Entitled to Immunity From Income Tax Under Article 289 | ITAT

Case Details: State Pollution Control … Continue reading “Orissa Pollution Control Board is ‘State’ Under Article 12; Entitled to Immunity From Income Tax Under Article 289 | ITAT”

News, Blog, Income Tax

March 10, 2025

CBDT Notifies ‘Delhi Building and Other Construction Workers Welfare Board’ for Sec. 10(46) Exemption

Notification no. 18 /2025, dated … Continue reading “CBDT Notifies ‘Delhi Building and Other Construction Workers Welfare Board’ for Sec. 10(46) Exemption”

Blog, News, Income Tax

March 10, 2025

No DAPE in India if Local Subsidiary Pursued Independent Business With Indian Customers | HC

Case Details: Commissioner of Income-tax … Continue reading “No DAPE in India if Local Subsidiary Pursued Independent Business With Indian Customers | HC”

Blog, News, Income Tax

March 10, 2025

Pharmacies in Hospitals Are Essential for Operations; Qualify for Section 11 Tax Exemption | ITAT

Case Details: Bhatia General Hospital … Continue reading “Pharmacies in Hospitals Are Essential for Operations; Qualify for Section 11 Tax Exemption | ITAT”

Blog, News, Income Tax

March 7, 2025

[Opinion] Income Tax Bill 2025 | A Simplified Code or a Stricter Tax Regime?

Vishal Gupta & Shahrukh Kamal … Continue reading “[Opinion] Income Tax Bill 2025 | A Simplified Code or a Stricter Tax Regime?”

News, Blog, Income Tax

March 6, 2025

HC Dismissed Writ Petition Seeking Direction to Conduct Inquiry Into Alleged Illegal Cash Transactions in Marriage

Case Details: Ateesh Agarwal vs. … Continue reading “HC Dismissed Writ Petition Seeking Direction to Conduct Inquiry Into Alleged Illegal Cash Transactions in Marriage”

Blog, News, Income Tax

March 6, 2025

Cross-Objection Not Maintainable in Appeal Filed Under Section 260A | HC

Case Details: Principal Commissioner of … Continue reading “Cross-Objection Not Maintainable in Appeal Filed Under Section 260A | HC”

Blog, News, Income Tax

March 6, 2025

No Reassessment if Trust Had No Taxable Income; Excess of Expenses Over Income is Not Escaped Income | HC

Case Details: Mahatma Gobarji Seva … Continue reading “No Reassessment if Trust Had No Taxable Income; Excess of Expenses Over Income is Not Escaped Income | HC”