Income Tax

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Income Tax

Applicability of Non Jurisdictional High Court’s Deci...

Applicability of Non Jurisdictional High Court’s Decision: ITAT Mumbai

The Income Tax Appellate Tribunal of Mumbai has recently passed an order in the case of Wockhardt Vs DCIT dated 11th  October 2022 regarding the cross...

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Income Tax

No Prosecution against the Assessee without Sanction: H...

No Prosecution against the Assessee without Sanction: HC

The High Court of Delhi pronounced a judgement in the case of Vipul Aggarwal Vs Income Tax Officer on 19th July 2022 regarding the petition for quashing th...

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Income Tax

Payment made to a Non-resident Supplier amount to Royal...

ITAT Case Law

The Income Tax Appellate Tribunal, Ahmedabad bench, has held that the payment by the assessee to a non-resident supplier shall amount to royalty. The bench...

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Income Tax

Income Tax Return Filing Due Date Extended for Business...

Income Tax Return Filing Due Date Extended for Businesses by CBDT

CBDT is an acronym for Central Board of Direct Taxes, a statutory authority responsible for the administration of direct taxes through the income tax depar...

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Income Tax

Deemed Dividend under Income Tax Act- Meaning, Taxabili...

Deemed Dividend under Income Tax Act- Meaning, Taxability & Case Laws

Dividend refers to the return earned by the shareholder for investing in a company by purchasing its shares. It can be a reward, cash, etc., that a company...

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Income Tax

Income Tax Appeal Filing Procedure: Detailed Overview...

Income Tax Appeal Filing Procedure Detailed Overview

The Income Tax Act 1961 comprises provisions and procedures for filing Income Tax appeals before concerned authorities. The taxpayers' dispute cannot go un...

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Income Tax

Safeguards to Assessee under Section 148 of IT Act

Section 148 of IT Act

The Income Tax Act 1961 was enforced to regulate the tax laws in India and protect the interests of the country's taxpayers. Every taxpayer is obligated to...

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Income Tax

Guidelines for compounding of offences under Income Tax...

compounding of offences

To facilitate the ease of doing business and decriminalise the offences, The Central Board of Direct Taxes has issued revised Guidelines on compounding of...

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