Understanding Exemptions under Section 54, 54EC & 54F
Section 54 of the Income Tax Act, 1961 provides the seller of a residential property with relief from capital gains tax, if the proceeds from... Read More
Diksha Garg
The Assessing Officer cannot point Fake Purchase under section 69C
The Assessing Officer cannot point Fake Purchase under section 69C, in a case where all the sales and purchase transactions are appropriately mentioned in the... Read More
If you true in paying the Tax, CIT can also be wrong as clear from this case
If you true in paying the Tax, CIT can also be wrong as clear from this case. The assessee filed the appeal in disagreement with... Read More
If a case is manually selected for the inspection, CIT needs to manifest the application of mind for granting approval for scrutiny
If a case is manually selected for the inspection, CIT needs to manifest the application of mind for granting approval for scrutiny. Details of M/s Brothers... Read More
Form 10A and Rule 17A May See an Amendment in Future: CBDT Issues Draft Notification
Central Board of Direct Taxes has issued a statement that the present Finance Act, 2017, will be incorporated with a fresh clause (ab) in sub-section... Read More
Reopening of assessment- Change of Opinion or Failure to apply Mind- Crescent Construction Co vs. ACIT (ITAT Mumbai)
Discussion on reopening of assessments in the context of “change of opinion” vs. “failure to apply mind,” under s. 147/148, read with section 114 of... Read More
Delhi High Court takes serious note on Coercion and threats by Tax Officials -Case of Digipro Import and Export Pvt. Ltd vs. UOI
Know in detail about the Delhi High Court Case: Digipro Import & Export Pvt. Ltd vs. UOI. Critical obloquies passed to convict the unlawful practice... Read More
Cameron Pte Ltd (Singapore) vs. ADIT (ITAT Jaipur) Case – Notice Under 143(2) must be Served Within the Specified Time Before the Expiry of the Restricted Period
The notice under the provisions of section 143(2) of the Income tax Act is issued when the Assessing Officer (AO) evaluates the tax return submitted... Read More
PROCEDURES TO BE FOLLOWED FOR ANY OBJECTION AGAINST THE NOTICE ISSUED UNDER SECTION 148
Any taxpayer, who is aggrieved by the issuance of notice against him under section 148 and feels that such proceedings are unwarranted, can file objections... Read More
CBDT’s Proposal to Estimate the Expected Income In Future and Its Impact on India Inc
The CBDT (Central Board of Direct Taxes) has put forward a plan in front of the companies in India to provide it an advance estimation... Read More
Tax Officials Unleash Digital Dragnet: How New Raid Powers Redefine Privacy, Property Rights in India and likely to Fuel Corruption 
Income Tax Department Rewards for Reporting Tax Evasion: A Comprehensive Guide 
Forfeiture of Gratuity by Employer- What are the Remedies for an employee- Can employer be challenged? 
Employer can forfeit gratuity of an employee in case of moral turpitude