Income Tax

Blog, Income Tax, News

December 2, 2022

Cash withdrawal by Primary Agricultural Credit Co-operative Societies isn’t exempt from Sec. 194N TDS

Case Details: Molasi Primary Agricultural … Continue reading “Cash withdrawal by Primary Agricultural Credit Co-operative Societies isn’t exempt from Sec. 194N TDS”

Blog, Income Tax, News

December 2, 2022

CBDT notifies specified income of ‘Federation Internationale de Football Association’ exempt u/s 10(39)

Notification No. 126/2022, dated 30-11-2022 … Continue reading “CBDT notifies specified income of ‘Federation Internationale de Football Association’ exempt u/s 10(39)”

Blog, Income Tax, News

December 1, 2022

CBDT specifies income-tax authorities for the purpose of authorisation of survey u/s 133A

Order F.no. 282/15/2022-IT (inv.V) dated, … Continue reading “CBDT specifies income-tax authorities for the purpose of authorisation of survey u/s 133A”

Blog, Income Tax, News

December 1, 2022

Gold wastage during creation of ornaments can’t be treated as ‘making charges’

Case Details: P.R. Gold and … Continue reading “Gold wastage during creation of ornaments can’t be treated as ‘making charges’”

Blog, Income Tax, News

November 30, 2022

Sec. 263 revision initiated by CIT second time to cancelling non-existing original assessment order isn’t tenable: HC

Case Details: PCIT v. Padma … Continue reading “Sec. 263 revision initiated by CIT second time to cancelling non-existing original assessment order isn’t tenable: HC”

Blog, Income Tax, News

November 30, 2022

[Opinion] Audit Objections cannot be the sole basis for Revision u/s 263

Amit Kumar Gupta – [2022] … Continue reading “[Opinion] Audit Objections cannot be the sole basis for Revision u/s 263”

Blog, Income Tax, News

November 29, 2022

[Opinion] Succession Planning via Private Trust

Anjul Mathur & Deepak Sharma … Continue reading “[Opinion] Succession Planning via Private Trust”

Blog, Income Tax, News

November 29, 2022

Assessee eligible for depreciation on ‘right’ acquired to collect toll on road constructed & maintained on BOT basis: ITAT

Case Details: DCIT v. Ashoka … Continue reading “Assessee eligible for depreciation on ‘right’ acquired to collect toll on road constructed & maintained on BOT basis: ITAT”

Blog, Income Tax, News

November 28, 2022

Delhi HC refers matter to larger bench to decide writ jurisdiction in faceless assessment if AO located outside Delhi

Case Details: GPL-RKTCPL JV v. … Continue reading “Delhi HC refers matter to larger bench to decide writ jurisdiction in faceless assessment if AO located outside Delhi”

Blog, Income Tax, News

November 28, 2022

[Opinion] Impact of Residency on the Tax Treatment of Transfer of VDA

Rohith K Rangan – [2022] … Continue reading “[Opinion] Impact of Residency on the Tax Treatment of Transfer of VDA”