Income Tax

Blog, News, Income Tax

May 25, 2026

ITAT Directs Joint Hearing of Sections 143(1) & 143(3) Proceedings

Case Details: General Mills India … Continue reading “ITAT Directs Joint Hearing of Sections 143(1) & 143(3) Proceedings”

News, Blog, Income Tax

May 25, 2026

[Opinion] Section 270A Penalty Jurisdiction | Under-Reporting vs Misreporting

Bijoy Das – [2026] 186 taxmann.com … Continue reading “[Opinion] Section 270A Penalty Jurisdiction | Under-Reporting vs Misreporting”

Blog, News, Income Tax

May 23, 2026

Sale of Multiple Plots Not an Adventure in Trade Despite Basic Levelling | ITAT

Case Details: Keshavareddy Krishnareddy vs. … Continue reading “Sale of Multiple Plots Not an Adventure in Trade Despite Basic Levelling | ITAT”

News, Blog, Income Tax

May 22, 2026

HC Deletes Section 69C Additions on Genuine Diamond Purchases Despite Cash Sales

Case Details: Principal Commissioner of … Continue reading “HC Deletes Section 69C Additions on Genuine Diamond Purchases Despite Cash Sales”

Blog, News, Income Tax

May 22, 2026

[Opinion] The Courage to Adjudicate | Upholding Nishpaksh Sulabh Satvar Nyay

Adv. (CA.) Deep Agarwal – … Continue reading “[Opinion] The Courage to Adjudicate | Upholding Nishpaksh Sulabh Satvar Nyay”

Blog, Income Tax

May 22, 2026

Capital Gains Under Income Tax Act – Sections 45 to 55

Capital gains under the Income-tax … Continue reading “Capital Gains Under Income Tax Act – Sections 45 to 55”

Blog, News, Income Tax

May 21, 2026

[Opinion] Section 148A Notices to Deceased Assessees | Delhi HC Jurisdictional Conflict

Keshav Dwivedi – [2026] 186 … Continue reading “[Opinion] Section 148A Notices to Deceased Assessees | Delhi HC Jurisdictional Conflict”

Blog, News, Income Tax

May 21, 2026

ITAT Allows Carry Forward of Losses Despite NCLT-Approved Resolution Plan

Case Details: Orchid Pharma Ltd. … Continue reading “ITAT Allows Carry Forward of Losses Despite NCLT-Approved Resolution Plan”

Blog, News, Income Tax

May 20, 2026

No Penalty u/s 272A(1)(d) if AO Accepted Compliance in Section 143(3) Assessment | ITAT

Case Details: Lila Lila Chayal … Continue reading “No Penalty u/s 272A(1)(d) if AO Accepted Compliance in Section 143(3) Assessment | ITAT”

News, Blog, Income Tax

May 20, 2026

[Opinion] Private Discretionary Trusts and the ‘Solely for Relatives’ Test u/s 56(2)(x)

CA Paras K Savla – … Continue reading “[Opinion] Private Discretionary Trusts and the ‘Solely for Relatives’ Test u/s 56(2)(x)”