Income Tax

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Income Tax

Not Mentioning DIN on Revisional Order, Violation of...

Not Mentioning DIN on Revisional Order, Violation of CBDT Circular

The ITAT Kolkata recently passed a judgment dated 29th November 2022 in the case titled Shri Mahesh Kumar Sureka vs PCIT-13 wherein the ITAT quashed t...

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Income Tax

Date of Provisional Allotment Relevant for Availing Ind...

Date of Provisional Allotment Relevant for Availing Indexation Benefit

ITAT Mumbai passed a judgement on 10th November 2022 in the case titled M/s Sumit Exports Vs ACIT in respect of the appeal that the assessee...

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Income Tax

Deduction Allowed To Co-Operative Society on Interest f...

Deduction Allowed To Co-Operative Society on Interest from Members

ITAT Ahmadabad, through its order dated 7th October 2022, in the case titled  Asstt. Commissioner of Income Tax Versus Visnagar Taluka Majoor Sah...

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Income Tax

No Cessation Liability in Presence of Outstanding Credi...

No Cessation Liability in Presence of Outstanding Creditor’s Details

The Calcutta High Court, in the case titled PCIT Vs Soorajmul Nagarmull, passed a judgement holding that Cessation Liability is not valid in the presence...

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Income Tax

Payment of Distribution Fees is not Royalty: ITAT Banga...

Payment of Distribution Fees is not Royalty: ITAT Bangalore

ITAT Bangalore passed a remarkable judgement on 19th October 2022 in the case titled M/s. Google India Private Limited Vs The Deputy Commissioner of I...

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Income Tax

Applicability of Professional Tax Registration in Punja...

Applicability of Professional Tax Registration in Punjab

Professional tax is a state-level tax levied on professions and trades done in different states in India. The rate of professional tax may differ from one...

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Income Tax

Premium on Redemption of Convertible Debentures is Reve...

Premium on Redemption of Convertible Debentures is Revenue Expenditure

The Karnataka High Court in the case of Nitesh Housing Developers (P.) Ltd. v. Deputy Commissioner of Income-tax 2022 has allowed that the premium on redem...

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Income Tax

Proposal for Common ITR by Merging all Existing Forms...

ITR

CBDT issued a notification on 1st November 2022 requesting inputs in respect of the proposal for introducing a common ITR by merging all the existing incom...

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