Income TaxSection 54B Exemption on Multiple Agricultural Lands: Can Capital Gain Relief Be Restricted to One New Land?1 day agoSection 54B Exemption on Multiple Agricultural Lands: Can Capital Gain Relief Be Restricted to One New Land? One…
Income TaxInterest Is Not a Penalty, Yet It Can Be Costly! Understanding the Charging of Interest under the Income-tax Act, 20251 day agoInterest Is Not a Penalty, Yet It Can Be Costly! Understanding the Charging of Interest under the Income-tax Act, 2025…
Income TaxNo Exempt Income, No Section 14A Disallowance: Bombay High Court Upholds Deletion of ₹17.57 Crore in HCC Concessions Case1 day agoNo Exempt Income, No Section 14A Disallowance: Bombay High Court Upholds Deletion of ₹17.57 Crore in HCC Concessions Case …
Income TaxFrom Permanent Registration to Five-Year Renewal: Legislative History and Evolution of Charitable Trust Registration under the Income Tax Act, 1961 (1961–2026)2 days agoFrom Permanent Registration to Five-Year Renewal: Legislative History and Evolution of Charitable Trust Registration under the Income Tax Act, 1961…
Income TaxAccepted Return, ₹73 Crore Fresh Claim: Can a Section 234A Ground Keep the Appeal Alive?2 days agoAccepted Return, ₹73 Crore Fresh Claim: Can a Section 234A Ground Keep the Appeal Alive? Case Law: Ajay…
Income TaxTax on Selling Gold in India in 2026: How Much Tax Will You Pay?2 days agoTax on Selling Gold in India in 2026: How Much Tax Will You Pay? Gold has always occupied…
Income TaxDiwali Gifts Under the Income-tax Act, 2025: Tax-Free Employer Gift Limit Increased to ₹15,000 – A Festive Relief for Employees!3 days agoDiwali Gifts Under the Income-tax Act, 2025: Tax-Free Employer Gift Limit Increased to ₹15,000 – A Festive Relief for Employees!…
Income TaxSupreme Court Upholds Reopening of Income Tax Assessment Based on Fresh Investigation Report: No Change of Opinion Where AO Formed No Earlier Opinion3 days agoSupreme Court Upholds Reopening of Income Tax Assessment Based on Fresh Investigation Report: No Change of Opinion Where AO Formed…
Income TaxGujarat High Court Deletes ₹7.88 Crore Section 68 Addition on Demonetisation Cash Sales: Zinzuwadia and Sons Gets Major Relief3 days agoGujarat High Court Deletes ₹7.88 Crore Section 68 Addition on Demonetisation Cash Sales: Zinzuwadia and Sons Gets Major Relief …
Income TaxInoperative PAN Cannot Automatically Trigger Higher TDS: ITAT Nagpur Deletes ₹3.77 Lakh Demand Under Section 206AA4 days agoInoperative PAN Cannot Automatically Trigger Higher TDS: ITAT Nagpur Deletes ₹3.77 Lakh Demand Under Section 206AA ITAT Nagpur Ruling…
Income TaxINCOME TAX: WHAT’S IN A NAME? EVERYTHING, SOMETIMES!4 days agoINCOME TAX: WHAT’S IN A NAME? EVERYTHING, SOMETIMES! “What’s in a name? That which we call a rose…
Income TaxHow to Save Capital Gains Tax Legally in India: 7 Powerful Tax-Saving Strategies Every Taxpayer Should Know1 week agoHow to Save Capital Gains Tax Legally in India: 7 Powerful Tax-Saving Strategies Every Taxpayer Should Know Capital…
Income TaxWhen the Income Tax Department Ignores Its Own Defeat: Bombay High Court Imposes ₹25,000 Cost on Officer for Pursuing a Low-Tax Appeal1 week agoWhen the Income Tax Department Ignores Its Own Defeat: Bombay High Court Imposes ₹25,000 Cost on Officer for Pursuing a…
Income TaxTenancy Rights in Redevelopment: Mumbai ITAT Deletes ₹1.10 Crore STCG Addition – Capital Gains Taxable Only Upon Possession of Alternative Accommodation1 week agoTenancy Rights in Redevelopment: Mumbai ITAT Deletes ₹1.10 Crore STCG Addition – Capital Gains Taxable Only Upon Possession of Alternative…
Income TaxBogus Purchase Addition Deleted! Delhi ITAT Holds That GST Registration Cancellation and Non-Response of Suppliers Cannot Defeat Genuine Purchase Evidence1 week agoBogus Purchase Addition Deleted! Delhi ITAT Holds That GST Registration Cancellation and Non-Response of Suppliers Cannot Defeat Genuine Purchase Evidence…
Income TaxYear-End Provisions Attract TDS Under Section 194J! ITAT Bangalore Holds Assessee in Default Under Section 201(1), but Grants Relief for Vendor Income Already Offered to Tax1 week agoYear-End Provisions Attract TDS Under Section 194J! ITAT Bangalore Holds Assessee in Default Under Section 201(1), but Grants Relief for…
Income TaxPartner’s Remuneration and Interest Eligible for 50% Presumptive Taxation Under Section 44ADA? A Legal Grey Area for Professionals1 week agoPartner’s Remuneration and Interest Eligible for 50% Presumptive Taxation Under Section 44ADA? A Legal Grey Area for Professionals …
Income TaxCan Income Tax Department Tax the Entire On-Money Received by a Builder in the Year of Receipt? ITAT Mumbai Says No!2 weeks agoCan Income Tax Department Tax the Entire On-Money Received by a Builder in the Year of Receipt? ITAT Mumbai Says…