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Income Tax : A Comprehensive Analysis of Undisclosed Incomes under Sections 68 to 69D of the Income-tax Act, 1961, Taxation of these Incomes Un...
Income Tax : In today’s interconnected world, global trade and cross-border investments are the backbone of economic growth. No nation re...
Income Tax : This article examines applicability of Section 194Q of Income-tax Act, 1961 to purchase of electricity — a significant developme...
Income Tax : Understand capital gains tax on equity shares, including long-term and short-term classifications, and tax treatment for F&O and i...
Income Tax : Discover complete tax guide for senior citizens (aged 60 and above) for FY 2024-25, covering due dates, exemptions, penalties & CB...
Income Tax : Join CA Ruchika Bhagat on June 29, 2025, for a webinar on NRI taxation. Learn about residential status, taxable income, DTAA, TDS,...
Income Tax : Received an unknown PAN alert? Learn how to protect yourself! This article covers a taxpayer's recent dilemma with unauthorized PA...
Income Tax : India's income tax filing season for Assessment Year (AY) 2025-26 (Financial Year 2024-25) is off to a rocky start, marked by sign...
Income Tax : CBDT’s 2024 circular allows delayed ITR filing under Section 119(2)(b). Learn step-by-step filing process, eligibility, and offl...
Income Tax : CBI attaches over Rs. 7 crore in assets in a disproportionate assets case and arrests senior IRS officer in bribery investigation....
Income Tax : Punjab & Haryana High Court rules interest on land acquisition compensation is income from other sources, not capital gains, post-...
Income Tax : Delhi High Court upholds ITAT ruling: Cloud service subscription payments to foreign firms are not taxable as royalty under DTAA o...
Income Tax : Karnataka High Court held that recovering amount in excess of 20% of total demand during pendency of appellate proceeding is imper...
Income Tax : Delhi High Court held that notice issued u/s. 148 and assessment order thereon is liable to be set aside as sanction of issuance o...
Income Tax : ITAT Delhi held that loss incurred on account of trading in gold derivatives being hedging transaction and was excluded from the d...
Income Tax : CBDT notifies tax exemption for Forum of Regulators on govt grants, fees, and interest income, applicable retrospectively from FY ...
Income Tax : CBDT grants income tax exemption to Kerala Toddy Workers’ Welfare Fund Board for specific income, effective from AY 2022–23 to...
Income Tax : Income Tax Notification 63/2025 grants tax exemption to Yamuna Expressway Industrial Development Authority from AY 2024-25 under S...
Income Tax : CBDT notifies Dental Council of India for tax exemption under Section 10(46A) of Income-tax Act, effective from AY 2024–25, subj...
Income Tax : Income Tax Notification 61/2025 grants tax exemption to Puducherry Planning Authority from AY 2024-25 under Section 10(46A) of I...
A Comprehensive Analysis of Undisclosed Incomes under Sections 68 to 69D of the Income-tax Act, 1961, Taxation of these Incomes Under Section 115BBE and Penalty Provisions under Sections 271AAC & 271AAD With Insights on Explained vs. Unexplained Income, Judicial Precedents & Finance Act, 2025 Amendments 1. Introduction & Legal Context. The robust and equitable functioning […]
In today’s interconnected world, global trade and cross-border investments are the backbone of economic growth. No nation remains entirely self-reliant—countries rely on imports, exports, and foreign capital to drive their economies. However, this interdependence has led to complex tax issues, particularly double taxation, where the same income is taxed in more than one country. To […]
This article examines applicability of Section 194Q of Income-tax Act, 1961 to purchase of electricity — a significant development in Indian tax landscape.
Punjab & Haryana High Court rules interest on land acquisition compensation is income from other sources, not capital gains, post-2010 IT Act amendments.
Delhi High Court upholds ITAT ruling: Cloud service subscription payments to foreign firms are not taxable as royalty under DTAA or Income Tax Act.
Karnataka High Court held that recovering amount in excess of 20% of total demand during pendency of appellate proceeding is impermissible in law. Accordingly, department directed to refund entire amount in excess of 20% with interest.
Delhi High Court held that notice issued u/s. 148 and assessment order thereon is liable to be set aside as sanction of issuance of notice not granted by authority specified under section 151 of the Income Tax Act. Accordingly, appeal of asset allowed and demand set aside.
ITAT Delhi held that loss incurred on account of trading in gold derivatives being hedging transaction and was excluded from the definition of speculative transaction in terms of section 43(5)(a) of the Income Tax Act. Accordingly, appeal of revenue dismissed.
CBDT notifies tax exemption for Forum of Regulators on govt grants, fees, and interest income, applicable retrospectively from FY 2011–12 to 2015–16.
ITAT Bangalore held that provisions of section 45(4) of the Income Tax Act are application only when there is transfer of any asset to the partners account from the firm. Accordingly, section 45(4) cannot be invoked in case of incremental capital brought in by the new partner.
