• Income Tax

Amendment to Income Tax Rule 2DCA – Income-tax (25th Amendment) Rules 2025

6 months ago

Amendment to Income Tax Rule 2DCA - Income-tax (Twenty-Fifth Amendment) Rules, 2025 Income Tax Rule 2DCA was introduced by the…

  • Income Tax

Undisclosed Income of AOP Syndicates cannot be clubbed with member assessees – SC

6 months ago

Despite that assessee had formed various AOP syndicates for carrying out the business for a definite share of profit, the…

  • Income Tax

Assessment made on the basis of defective return is an invalid assessment – ITAT

6 months ago

Assessment made on the basis of a defective return filed by the assessee is invalid assessment - ITAT In a…

  • Income Tax

Deposit in CGAS u/s 54F(4) not required if sale proceeds invested within time u/s 54F(1)

6 months ago

Deposit in CGAS u/s 54F(4) has no application if assessee invests the sale consideration within the period stipulated in Section…

  • Income Tax

Section 13 applies only to eligibility of exemption u/s 11, not for registration u/s 12AB

6 months ago

Section 13 of Income Tax Act applies only on the eligibility of exemption of income u/s 11 and not at…

  • Income Tax

Order rejecting registration u/s 12AB without confronting assessee with inspector’s report set aside

6 months ago

Rejecting application for registration u/s 12AB without confronting society with inspector’s report was violation of the principle of natural justice…

  • Income Tax

SC punished Income Tax Officials with fine for launching prosecution u/s 276C

6 months ago

Supreme Court punished Income Tax Officials with fine for launching prosecution u/s 276C without any order of the ITAT imposing…

  • Income Tax

Assessment proceedings vitiated by not taking cognisance of a valid revised return

6 months ago

Assessment proceeding was vitiated by not taking cognisance of a valid revised return by which original return stood obliterated. In…

  • Income Tax

Hundred percent addition on account of bogus purchase upheld – SLP dismissed

6 months ago

SLP dismissed against 100 percent addition made by the High Court on account of bogus purchase In a recent judgment…

  • Income Tax

Percentage completion method of accounting of real estate business was incorrect – ITAT

6 months ago

Application of percentage completion method of accounting of real estate business was incorrect as the project was not in the…