Income Tax

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November 22, 2024

CBDT Notifies Electronic Filing of Forms 42, 43 & 44

Notification No. 06/2024, dated 19-11-2024 … Continue reading “CBDT Notifies Electronic Filing of Forms 42, 43 & 44”

Blog, News, Income Tax

November 21, 2024

CBDT Sets Up Taxpayers’ Lounge at IITF 2024 to Raise Awareness About Taxpayer Services

Press Release, 18-11-2024 A Taxpayers’ … Continue reading “CBDT Sets Up Taxpayers’ Lounge at IITF 2024 to Raise Awareness About Taxpayer Services”

Blog, News, Income Tax

November 21, 2024

No Sec. 28(iv) Additions on Amount Credited to Capital Reserve on Account of Amalgamation | ITAT

Case Details: Dy. Commissioner of … Continue reading “No Sec. 28(iv) Additions on Amount Credited to Capital Reserve on Account of Amalgamation | ITAT”

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November 20, 2024

CBDT Authorises Pr. CIT/CIT to Admit and Deal with Applications for Condonation of Delay in Filing of Form 10-IC/ID

Circular No. 17 /2024, dated … Continue reading “CBDT Authorises Pr. CIT/CIT to Admit and Deal with Applications for Condonation of Delay in Filing of Form 10-IC/ID”

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November 20, 2024

CBDT Specifies Authorities to Deal with Applications for Condonation of Delay in Filing Forms 9A, 10, 10B & 10BB

Circular 16/2024, dated 18-11-2024 The … Continue reading “CBDT Specifies Authorities to Deal with Applications for Condonation of Delay in Filing Forms 9A, 10, 10B & 10BB”

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November 19, 2024

FA 2022 Amendment Allowing Discontinuation of Section 80DD Deposits Couldn’t Be Applied Retrospectively | SC

Case Details: Ravi Agrawal vs. … Continue reading “FA 2022 Amendment Allowing Discontinuation of Section 80DD Deposits Couldn’t Be Applied Retrospectively | SC”

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November 19, 2024

Delay in Filing ITR Condoned for 84-Year-Old NRI Due to Technical Issues Preventing E-Verification

Case Details: Santoshkumari Darshanlal Chopra … Continue reading “Delay in Filing ITR Condoned for 84-Year-Old NRI Due to Technical Issues Preventing E-Verification”

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November 18, 2024

Compensation Awarded for Land Acquired Under Provisions of Karnataka Highways Act Not Exempt from Tax Under RFCTLARR Act

Case Details: Commissioner of Income-tax … Continue reading “Compensation Awarded for Land Acquired Under Provisions of Karnataka Highways Act Not Exempt from Tax Under RFCTLARR Act”

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November 18, 2024

No Sec. 13 Violation If a Trust Provides Interest-Free Loan to Another Trust with Similar Objects and Trustees | ITAT

Case Details: Income-tax Officer vs. … Continue reading “No Sec. 13 Violation If a Trust Provides Interest-Free Loan to Another Trust with Similar Objects and Trustees | ITAT”

Blog, News, Income Tax

November 16, 2024

AO Can Consider Info Relatable to Evidence Found During Search for Making Block Assessment | HC

Case Details: Mange Ram Mittal … Continue reading “AO Can Consider Info Relatable to Evidence Found During Search for Making Block Assessment | HC”