Income Tax

Blog, News, Income Tax

November 29, 2024

Transfer of Capital Asset From ‘NLCIL’ to ‘NIRL’ Shall Not Be Treated as Transfer for Purpose of Capital Gains | CBDT

Notification No. 122/2024, dated 27-11-2024 … Continue reading “Transfer of Capital Asset From ‘NLCIL’ to ‘NIRL’ Shall Not Be Treated as Transfer for Purpose of Capital Gains | CBDT”

Blog, News, Income Tax

November 28, 2024

Running Petrol Pump Was Incidental to Attainment of Educational Objects of Trust If Surplus Was Used for Charitable Activities: ITAT

Case Details: Smt. Lingammal Ramaraju … Continue reading “Running Petrol Pump Was Incidental to Attainment of Educational Objects of Trust If Surplus Was Used for Charitable Activities: ITAT”

Blog, News, Income Tax

November 28, 2024

CBDT Releases FAQs on PAN 2.0 Project | PAN/TAN Services Shall Be Completely Paperless

Press Release, dated 26-11-2024 The … Continue reading “CBDT Releases FAQs on PAN 2.0 Project | PAN/TAN Services Shall Be Completely Paperless”

News, Blog, Income Tax

November 27, 2024

CA Can Be Held Guilty of Professional Misconduct if He Is ‘Grossly Negligent’ in Duties | HC

Case Details: Institute of Chartered … Continue reading “CA Can Be Held Guilty of Professional Misconduct if He Is ‘Grossly Negligent’ in Duties | HC”

Blog, News, Income Tax

November 27, 2024

Cabinet Approves PAN 2.0 Project of Income Tax Department

Press Release, dated 25-11-2024 The … Continue reading “Cabinet Approves PAN 2.0 Project of Income Tax Department”

Blog, News, Income Tax

November 26, 2024

[Opinion] Somethings are to be Done by the Stroke of the Midnight Hour, Not 2 Minutes After!!

Mayank Mohanka – [2024] 168 … Continue reading “[Opinion] Somethings are to be Done by the Stroke of the Midnight Hour, Not 2 Minutes After!!”

Blog, News, Income Tax

November 26, 2024

Section 69A Additions Justified If Cash Found During Search Wasn’t Traced to Wife & Mother’s Bank a/c as Claimed by Assessee

Case Details: Anuj Sood vs. … Continue reading “Section 69A Additions Justified If Cash Found During Search Wasn’t Traced to Wife & Mother’s Bank a/c as Claimed by Assessee”

Blog, News, Income Tax

November 25, 2024

Vocational Education Though Lacked Systematic Education Is Eligible for Section 12A Registration | HC

Case Details: Commissiner of Income-tax … Continue reading “Vocational Education Though Lacked Systematic Education Is Eligible for Section 12A Registration | HC”

Blog, News, Income Tax

November 23, 2024

Right to Tax in UAE Sufficient to Claim Benefit of India-UAE DTAA; No Need to Prove Actual Payment of Tax | ITAT

Case Details: Saket Kanoi vs. … Continue reading “Right to Tax in UAE Sufficient to Claim Benefit of India-UAE DTAA; No Need to Prove Actual Payment of Tax | ITAT”

Blog, News, Income Tax

November 22, 2024

Prosecution Can Be Initiated Under Black Money Act Even Before Completion of Assessment | HC

Case Details: Sanjay Bhandari vs. … Continue reading “Prosecution Can Be Initiated Under Black Money Act Even Before Completion of Assessment | HC”