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Archive: June, 2025

Posts in June, 2025

IT/ITes qualifies as ‘Industrial Building’ under Delhi Municipal Corporation Act: Delhi HC

June 16, 2025 630 Views 0 comment Print

Delhi High Court held that IT/ITeS would fall within the definition of ‘Industrial Building’ as envisaged under Bye-law 9(e) of DMC Property Tax bye-law 2004 and therefore, demand of property tax rightly set aside.

Block Assessment Order not time barred as passed within period prescribed u/s. 158BE(1)(b)

June 16, 2025 681 Views 0 comment Print

Madras High Court held that block assessment order passed u/s. 143(3) r.w.s. 158BC of the Income Tax Act has been passed within the period prescribed u/s. 158BE(1)(b) of the Income Tax Act and hence not barred by limitation.

Free Party Ledger PDF to Excel Convertor

June 16, 2025 2001 Views 0 comment Print

You must have tried converting Party Ledger PDFs exported from Tally (sent to you by clients) into Excel to work on them. There are various websites which convert PDFs into excel but they make a mess and are not accurate. This utility is specially made for this purpose, it is accurate and does the job in under 5 seconds.

Notice u/s. 13(2) of SARFAESI to be treated as notice for invocation of personal guarantee

June 16, 2025 1053 Views 0 comment Print

NCLAT Delhi held that where Notice under Section 13(2) of SARFAESI Act, 2002 makes a demand as per the Guarantee Agreement between the parties, the Notice has to be treated as notice for invocation of Personal Guarantee.

Assessment u/s. 144 by Additional CIT without order u/s. 120(4)(b) is invalid

June 16, 2025 1026 Views 0 comment Print

ITAT Raipur held that assessment framed under section 144 of the Income Tax Act by Additional CIT in absence of order under section 127 and order under section 120(4)(b) is invalid as without having valid assumption of jurisdiction.

AO directed to reassess Satyam Computer assessment for 2003-2009 as per HC judgement

June 16, 2025 447 Views 0 comment Print

ITAT Hyderabad directs AO to reassess Satyam Computer Services [Now, Tech Mahindra Limited] for the Assessment Year 2003-2004 to 2008-2009 in light of the judgement of Hon’ble High Court for the State of Telangana at Hyderabad.

CBDT Grants Income Tax Exemption to Karnataka Electricity Regulatory Commission

June 16, 2025 753 Views 0 comment Print

Notification grants income tax exemption to the Karnataka Electricity Regulatory Commission (KERC) from assessment year 2025-26 under the Income-tax Act.

CBDT Exempts HP School Board from Income Tax under Section 10(46)

June 16, 2025 468 Views 0 comment Print

Learn about the Himachal Pradesh Board of School Education’s income tax exemption on specific receipts, effective retrospectively from financial year 2019-2020.

Haryana Charitable Endowments Tax Exemption Notified under Section 10(46)

June 16, 2025 417 Views 0 comment Print

Income tax exemption granted to ‘Treasurer Charitable Endowments, Haryana’ for specific income from 2014-15, with conditions.

CBDT Exempts HRERA Gurugram from Income Tax under Section 10(46)

June 16, 2025 756 Views 0 comment Print

CBDT notifies tax exemption for HRERA Gurugram on grants, fees, and interest income for FY 2018–19 to 2022–23, subject to specified conditions.

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