Case Detaials: JCIT v. Adrus Estate and Properties – [2021] 130 taxmann.com 455 (Pune – … Continue reading “Profit from sale of land recognized as an investment in books of account is taxable as capital gains: ITAT”
Case Details: CBDT v. Lakshya Budhiraja – [2021] 131 taxmann.com 51 (SC) Judiciary and Counsel … Continue reading “CBDT considering Modification in Faceless Appeal Scheme, 2020”
Case Details: Ashok Kumar Agarwal v. Union of India – [2021] 131 taxmann.com 22 (Allahabad) … Continue reading “Allahabad HC quashes Reassessment Notice issued under old regime; unconvinced with view’s of Chhattisgarh HC”
Table of Contents: 1. Introduction 2. Amendment to Section 9 by the Finance Act, 2012 … Continue reading “CBDT Prescribes Conditions to Claim Relief on Offshore Indirect Transfer of Indian Assets”
Press Release, dated 04-10-2021 On 03-10-2021, the International Consortium of International Journalists (ICIJ) came out … Continue reading “Govt. takes note on data trove pertaining to ‘Pandora Papers’; appropriate action to be taken”
Case Details: Financial Software & Systems (P) Ltd. v. DCIT – [2021] 130 taxmann.com 381 … Continue reading “AO can continue proceedings even if reason supplied by him while rejecting objections not acceptable to assessee: HC”
Editorial Team The Taxation Laws (Amendment) Act, 2021 (hereinafter referred to as TLA, 2021) inserted … Continue reading “CBDT prescribes conditions to claim relief on offshore indirect transfer of Indian assets”
Case Details: Mcnally Sayaji Engineering Ltd. v. ACIT – [2021] 130 taxmann.com 351 (Calcutta) Judiciary … Continue reading “AO can’t withhold refund to adjust it with demand if no such demand exists at time of refund declaration: HC”
V. K. SUBRAMANI – [2021] 130 taxmann.com 471 (Article) The provisions of Income-tax law are … Continue reading “Is possession of property a pre-requisite for allowance of interest deduction?”
Order F.No. 225/98/2020-ITA-II, dated 30-09-2021 Given pending taxpayers’ grievances related to the refund issue, the … Continue reading “CBDT further extends time limit to process refund claimed ITRs filed up to AY 2017-18 to 30-11-21”
