Income Tax

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January 13, 2025

Designated Authority Has No Power to Reopen a Concluded Settlement Under DTVSV Act | HC

Case Details: S A N … Continue reading “Designated Authority Has No Power to Reopen a Concluded Settlement Under DTVSV Act | HC”

News, Blog, Income Tax

January 12, 2025

[Opinion] Interplay of Section 144C(13) and Section 153(3)

D.C. Agrawal – [2025] 170 … Continue reading “[Opinion] Interplay of Section 144C(13) and Section 153(3)”

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January 12, 2025

AO Can’t Treat Unexplained Cash as Income u/s 69A if Assessee Accounted for It Under Presumptive Taxation | ITAT

Case Details: Imran Ibrahim Badshah … Continue reading “AO Can’t Treat Unexplained Cash as Income u/s 69A if Assessee Accounted for It Under Presumptive Taxation | ITAT”

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January 10, 2025

[Opinion] A Revamped Section 268A | Deciphering Alterations in Safeguards That Tilt the Balance Against Assessees

Ramkishan Choudhary & Parv Jain … Continue reading “[Opinion] A Revamped Section 268A | Deciphering Alterations in Safeguards That Tilt the Balance Against Assessees”

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January 10, 2025

Fraudulent Income from Forged Challans is Taxable Even if Fully Recovered by Govt in Subsequent Years | ITAT

Case Details: Mukesh Rasiklal Shah … Continue reading “Fraudulent Income from Forged Challans is Taxable Even if Fully Recovered by Govt in Subsequent Years | ITAT”

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January 9, 2025

[Opinion] Practical Difficulties and Probable Solutions of New Audit Report Form of Trusts (10B/10BB)

1. Overview of Tax Exemptions … Continue reading “[Opinion] Practical Difficulties and Probable Solutions of New Audit Report Form of Trusts (10B/10BB)”

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January 9, 2025

‘Unit’ of IFSC Shall Not Be Considered as a Buyer for Sec. 206C(1H) TCS | CBDT

Notification No. 6/2025, dated 06-01-2025 … Continue reading “‘Unit’ of IFSC Shall Not Be Considered as a Buyer for Sec. 206C(1H) TCS | CBDT”

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January 9, 2025

[Opinion] Computation of Income from Service Contracts under Section 43CB of the Income-tax Act, 1961

CA Aakansha Tuteja & Kanav … Continue reading “[Opinion] Computation of Income from Service Contracts under Section 43CB of the Income-tax Act, 1961”

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January 9, 2025

No Denial of Sec. 11 Exemption if Trust’s Activities Were Unchanged and Books Audited Subsequently | ITAT

Case Details: Assistant Commissioner of … Continue reading “No Denial of Sec. 11 Exemption if Trust’s Activities Were Unchanged and Books Audited Subsequently | ITAT”

Blog, News, Income Tax

January 8, 2025

Sec. 263 Revision Justified as AO Failed to Invoke Sec. 69 With Sec. 56(2)(x) on Undervalued Property | ITAT

Case Details: Kamaluddin Popatlal Surani … Continue reading “Sec. 263 Revision Justified as AO Failed to Invoke Sec. 69 With Sec. 56(2)(x) on Undervalued Property | ITAT”