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Income Tax : Learn about the clubbing provisions under the Income Tax Act, covering income transfers, revocable transfers, and taxation of inco...
Income Tax : Understand the provisions of Sections 269SS, 269ST, and 269T under Indian tax law, their implications, and reporting requirements ...
Income Tax : Learn about Sovereign Gold Bonds (SGBs), including eligibility, investment limits, interest rates, redemption, and tax implication...
Income Tax : Rental income from sub-letting is taxed as "Income from other sources," not "Income from house property." Deemed ownership rules a...
Income Tax : Understand presumptive taxation schemes under sections 44AD, 44ADA, and 44AE, including eligibility, computation, and maintenance ...
Income Tax : Join our 5-day live course from Sept 8-12, 2024, for an in-depth understanding of tax audits under Section 44AB, with practical in...
Income Tax : Learn to handle faceless income tax assessments using AI tools like ChatGPT in a 2-hour live course on Sept 1, 2024. Enhance effic...
Income Tax : The Central Action Plan 2024-2025 by CBDT aims to optimize India's direct tax system, focusing on revenue, litigation, taxpayer se...
Income Tax : Join our live course from Aug 23-25, 2024, to master tax audits, including Form 3CD, financial statements, and GST, with practical...
Income Tax : As of August 11, 2024, net direct tax collections for FY 2024-25 stand at Rs. 6.93 lakh crores, marking a 22.48% growth compared t...
Income Tax : ITAT Mumbai deletes disallowance of capital gains by DCIT after confirming investment in property with Charity Commissioner approv...
Income Tax : ITAT Mumbai held that confirmation of addition u/s. 69A and 68 of the Income Tax Act without finding any fault with the evidence s...
Income Tax : Madras High Court held that compensation paid to ESOP holders qualifies as perquisite and hence taxable under the head ‘salary�...
Income Tax : ITAT Ahmedabad held that invocation of section 263 by PCIT unjustified due lack of sufficient evidence to support claim that the o...
Income Tax : ITAT Ahmedabad held that deduction under section 54 of the Income Tax Act towards Long Term Capital Gains admissible even when ret...
Income Tax : Finance Act 2023 updates the process for filing applications under Section 10(46A) of the Income-tax Act. Standardized procedures ...
Income Tax : On August 16, 2024, President Droupadi Murmu officially granted her assent to the Finance (No 2) Bill, 2024. With this move, the b...
Income Tax : Explore the Finance Bill 2024, detailing income tax rates, surcharges, and provisions for various taxpayers, including individuals...
Income Tax : Insight Instruction No. 79 details procedures for managing high-risk PAN cases in the Insight portal, guiding tax officers through...
Income Tax : UIDAI's specified income receives tax exemption for AY 2024-2025 to 2028-2029 under Income-tax Act, 1961, as per the latest CBDT n...
In a recent decision, ITAT Mumbai allows Section 80G deduction on CSR expenses for Rustomjee Realty Pvt Ltd, challenging the disallowance by ACIT.
Read the full text of Kerala High Court judgment quashing penalty proceedings under Income Tax Act for under-reporting of income. No hearing date fixed after show cause notice.
Allahabad High Court dismisses Umesh Garg’s plea for Vivaad Se Vishwas settlement, ruling it’s not a fundamental right. Detailed analysis of the judgment and implications.
In a landmark case, Oriental Bank challenges penalties imposed by ITAT Jaipur for TDS non-compliance. Learn about the legal battle and its implications.
In a recent case, Vrajlal Umedlal Jhaveri challenges ITAT Mumbai’s decision, citing lack of awareness about notices on the income tax portal. Learn more about the appeal and the opportunity granted for a fair hearing.
Delhi High Court dismisses appeal by Grand Express Developers Pvt. Ltd. No Sec 143(2) notice; assessment order challenged. Full analysis and judgment details.
Explore the ITAT Chennai order on Raghupathy Dhakshayani Vs ITO appeal, assessing the delay, reasonable cause arguments, and the final dismissal decision.
Read the ITAT Pune order on Vijay Shriram Gundale’s appeal. Excess stock during survey deemed as business income, not other source income. Detailed analysis provided.
Explore the Kerala High Court judgment upholding Revision Proceedings to correct the wrong Rate of Tax, impacting the appellant’s appeal under the Income Tax Act
Punjab and Haryana High Court imposes Rs. 10K costs on Income Tax Department for procedural lapses in serving notice under Section 148A(b) of the Income Tax Act. Full judgment details included.
