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CA. Ajay Kumar agarwal

FCA

Delhi

ajayaglca@gmail.com

Joined: Dec 2025

About Author

Chartered Accountant I 30K+ Followers I Mentor I Public Speaker I Author & Speaker - Direct Tax, FEMA & FDI laws, Merger & Acquisition , Business Restructuring and Search and Seizure matters.

Articles by CA. Ajay Kumar agarwal 68

ITAT Ranchi Denies Section 80G Recognition for Commercially Outsourced Hospital Trust – Jeevan Rekha Trust v. CIT (Exemption) [ITA Nos. 23 & 24/RAN/2025] | Impact of New Noble Educational Society Ruling

11 Jan 2026 | 103 Views

Reassessment Notice under Section 148 Valid on Third-Party Excel Sheet After 01-04-2021 – Delhi High Court in Veena Arora v. CIT-12, Delhi (W.P.(C) No. 22/2026)

11 Jan 2026 | 159 Views

Benami Transactions & Demonetisation Cash Routing: Provisional Attachment, “Reasons to Believe” and Independent Satisfaction — M/s Bajrang Traders v. Initiating Officer (SAFEMA Tribunal, 2025)

06 Jan 2026 | 225 Views

Revision under Section 264 vis-à-vis Appeal under Section 246A: Scope of Discretion, Errors in Return and the Preventive Role of Revisional Jurisdiction — An Analysis of the Bombay High Court decision in Swaminarayan Mandir Trust Versus Commissioner of Income Tax (Exemptions), Mumbai & Ors

06 Jan 2026 | 230 Views

Sanction for Prosecution under Section 276B Cannot Be Mechanical Where TDS Is Paid with Interest – Karnataka High Court Sets Aside Sanction in M/s GM Infinite Dwelling India Pvt. Ltd. & Ors. VersusThe Commissioner of Income Tax (TDS), Bengaluru & Anr.

05 Jan 2026 | 238 Views

Allowance of claim of interest expenses - assessee had claimed as business expenses and alternatively, as expenses allowable under the head “Income from House Property” u/s 24(b) - asset was put to use, Rup Kumar Ramchandani Prop. M/s SHE, Ajmer Versus Income Tax Officer, Ward-1 (2) Ajme

29 Dec 2025 | 203 Views

Appeal Maintainable Despite Low Tax Effect Due to Accommodation Entry Exception: Delhi High Court in Pr. CIT-1 v. Agroha Fincap Ltd. (ITA No. 60/2024, 23.12.2025)

29 Dec 2025 | 172 Views

Delhi HC: Revenue Appeal Maintainable Despite Low Tax Effect Due to Accommodation Entry Exception; Reassessment Quashed for Invalid Section 151 Approval | Pr. CIT-1 v. Agroha Fincap Ltd. (2025)

27 Dec 2025 | 572 Views

Registration of Legal Heir / Representative Assessee on the Income-tax e-Filing / ITBA Portal Procedure, Documentary Requirements and Indemnity Format

27 Dec 2025 | 731 Views

TDS Credit Cannot Be Restricted u/s 143(1) When Reflected in Form 26AS: Pune ITAT in ACIT v. Gateway Terminals India Pvt. Ltd. on Section 199 & Rule 37BA

24 Dec 2025 | 287 Views

Representation regarding mechanical issuance of notices and non-consideration of responses under the Faceless Assessment and Faceless Appeal Schemes

24 Dec 2025 | 324 Views

Overseas Commission to Non-Resident Agents Not Disallowable u/s 37(1): Ahmedabad ITAT in DCIT v. Kewalram Textiles Pvt. Ltd. (AY 2017-18) Relying on CIT v. Toshoku Ltd.

24 Dec 2025 | 234 Views

Non-Compete Fee: Revenue or Capital Expenditure? Supreme Court in Sharp Business System (India) Pvt. Ltd. v. CIT (2025) on Section 37(1), Enduring Benefit Test & Depreciation u/s 32(1)(ii)

24 Dec 2025 | 234 Views

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

23 Dec 2025 | 489 Views

Levy of Late Filing Fee under Section 234E for TDS Statements:

23 Dec 2025 | 714 Views

Validity of Reopening of Assessment and Addition under Section 69 without Rejection of Books

20 Dec 2025 | 305 Views

Alleged Bogus Purchases: Deletion vs Remand Depends on Charging Provision — ITAT Delhi Deletes Addition u/s 69, ITAT Pune Orders Remand u/s 37 | KDP Infrastructure Pvt. Ltd. & Taparia Tools Ltd. (2025)

20 Dec 2025 | 362 Views

Rate of Exchange for Conversion into Rupees of Income Expressed in Foreign Currency, (Rule 115 of the Income-tax Rules, 1962)

17 Dec 2025 | 607 Views

Disclosed Foreign Investments in Minors’ Names Not Unexplained u/s 69; Foreign Tax Credit Cannot Be Denied for Procedural Lapse in Form 67 – ITAT Delhi

17 Dec 2025 | 378 Views

“Reasonable Cause” and “Sufficient Cause” under the Income-tax Act, 1961 – Conceptual Distinction, Statutory Application and Judicial Approach

17 Dec 2025 | 358 Views

Taxability of Ex-gratia / Retrenchment Compensation Paid Under Government-Supported Schemes – Statutory Framework, Judicial Interpretation and Admissibility of New Claim

17 Dec 2025 | 478 Views

Penalty proceedings u/s 274 r/w section 271(1)(c) - estimation of income - bogus purchases

16 Dec 2025 | 433 Views

Global Real Estate Transparency and Schedule FA: A New Compliance Reality for Indian Taxpayers

15 Dec 2025 | 307 Views

FOLLOW FOR MORE UPDATES, WORD OF WISDOM, SEMINAR UPDATES, SEBI UPDATES, INCOME TAX LAW, & GST FAQS UPDATES.

13 Dec 2025 | 157 Views

Delhi High Court Upholds PCIT-Only Sanction for High-Value Tax Evasion Prosecution: Collegium Approval Not Required Under CBDT Circulars

12 Dec 2025 | 270 Views

Whether the assessment framed u/s 153A for Assessment Year 2010-11 (pursuant to search action) was barred by limitation, as it fell beyond the permissible extended period of 10 years prescribed under Explanation 1 to Section 153A(1), particularly in light of the binding judgment of the Delhi High Court in Ojjus Medicare Pvt. Ltd

11 Dec 2025 | 191 Views

Deemed Let-Out Property: Contemporary Tax Treatment of Residential, Commercial and Stock-in-Trade Units After the Finance Act, 2024

11 Dec 2025 | 249 Views

The Dispute Resolution Panel (DRP): Concept, Scope and Appellate Framework under the Income-tax Act, 1961

10 Dec 2025 | 342 Views

THE MERCANTILE METHOD OF ACCOUNTING & THE ACCRUAL SYSTEM UNDER THE INCOME-TAX ACT, 1961

10 Dec 2025 | 375 Views

Addition under Section 68 for Demonetisation Cash Deposits – Whether Possible When Books Are Rejected and Cash Sales Duly Recorded?

10 Dec 2025 | 496 Views

CASE STUDY SERIES, Section 45(3), Section 45(4), Section 9B & Rule 8AB – Income-tax Act, 1961** (With conceptual integration through CBDT Circular No. 14/2021)

09 Dec 2025 | 363 Views

Addition under Section 68 – Evidentiary Value of Statements under Section 131 – Scope of Provisos to Section 68 – Valuation under Section 56(2)(viib)

09 Dec 2025 | 260 Views

Merger, Demerger and Income-tax Applicability – A Brief Overview

09 Dec 2025 | 494 Views

Addition under Section 69 read with Section 115BBE – Cash Deposits During Demonetisation – Rate of Tax Prior to 01.04.2017 – ITAT Chandigarh Decision

09 Dec 2025 | 299 Views

RBI has issued a new notification regarding Reserve Bank of India (Payments Banks – Undertaking of Financial Services) (Amendment) Directions, 2025

08 Dec 2025 | 370 Views

Foreign Tax Credit under Indian Income-tax Law – Concept and Procedure for Residents and Non-Residents

08 Dec 2025 | 485 Views

Offences under Sections 276B, 278B and 278E – Delhi High Court Declines Quashing at Pre-Trial Stage

06 Dec 2025 | 374 Views

Peak Cash Credit – A Fair Method to Determine Unexplained Cash Under the Income-tax Act

06 Dec 2025 | 493 Views

Concept of Materiality in Audit – Foundation, Purpose, and Practical Application

06 Dec 2025 | 426 Views

Section 54F – Eligibility and Scope of Disqualification under the Proviso Clarification: Plots and Commercial Properties Do Not Trigger the Proviso

05 Dec 2025 | 290 Views

Penalty under Section 270A – Whether Penalty Proceedings Can Continue When Quantum Appeal Is Pending Before CIT(A)

05 Dec 2025 | 608 Views

Addition under Section 56(2)(viib): Validity of DCF Method and Differential Premium — Tribunal Reiterates Binding Effect of Jurisdictional High Court Rulings

05 Dec 2025 | 303 Views

Deduction u/s 80IAC – Whether Delay in Filing Form 10CCB is Fatal?

04 Dec 2025 | 468 Views

Concept of Block of Assets under Section 32 of the Income-tax Act, 1961

04 Dec 2025 | 441 Views

Role of Audit Evidence under SA 500 (Audit Evidence) Issued by ICAI in the Work of a Financial Auditor

04 Dec 2025 | 393 Views

Taxation of Private Trusts in India: Conceptual Framework, Classification and Emerging Issues

03 Dec 2025 | 644 Views

TAX-RATE DETERMINATION FOR CHARITABLE TRUSTS NOT CLAIMING SECTION 11 BENEFIT Whether Normal Slab Rates Apply or Maximum Marginal Rate (MMR) as AOP/BOI

03 Dec 2025 | 352 Views

Who is eligible to claim depreciation in a lease transaction - Whether the lessor (person who hires or leases the asset for a consideration) or the lessee (who hires for business use) ?

03 Dec 2025 | 589 Views

Addition under Section 50C – Assessment Finalised Without Awaiting DVO Report – Whether Sustainable in Law?

02 Dec 2025 | 212 Views

APPLICABILITY OF INCOME TAX AND GST ON JOINT DEVELOPMENT AGREEMENT IN REAL ESTATE FOR LANDOWNERS AND BUILDERS

01 Dec 2025 | 1101 Views

Scope of Rectification under Section 254(2) – Whether ITAT Was Right in Modifying Its Earlier Order?

01 Dec 2025 | 611 Views

Exemption of Income of any University or other Educational Institution Substantially Financed by Government [Section 10(23C)(iiiab)]

30 Nov 2025 | 929 Views

Book profit on sale of a motor vehicle forming part of a continuing depreciable block cannot be taxed separately once the full sale consideration is reduced under Section 43(6)(c).

29 Nov 2025 | 1024 Views

Estimate of value of assets by Valuation Officer [Section 142A]

28 Nov 2025 | 470 Views

Concept of Diversion of Income by Overriding Title

28 Nov 2025 | 1188 Views

Refusal of Registration under Section 12AA – Whether Educational Activities Constitute Charitable Purpose?

28 Nov 2025 | 555 Views

Applicability of Section 54F Where Assessee Holds a Jointly-Owned Residential Property

27 Nov 2025 | 422 Views

Main Features of the Four Labour Codes

27 Nov 2025 | 1450 Views

DTAA Rate vs. Section 206AA – Whether 206AA Overrides a Treaty Rate When Non-Resident Has No PAN

26 Nov 2025 | 556 Views

Scope of Total Income [Section 5]

24 Nov 2025 | 2289 Views

Validity of Reassessment Notices under Section 148: Whether Jurisdiction Lies with JAO or FAO?

24 Nov 2025 | 1499 Views

Penalty for Non-Disclosure of Foreign Assets

22 Nov 2025 | 395 Views

Section 145B : Taxability of certain income

22 Nov 2025 | 2121 Views

Addition on Cash Deposited

21 Nov 2025 | 1479 Views

Penalty u/s 271DA – Requirement of Recording Satisfaction for Violation of Section 269ST – ITAT Delhi Dismisses Revenue’s Appeal

20 Nov 2025 | 1679 Views

Time limit for completion of Block Assessment of Search cases [Section 158BE of the Income Tax Act, 1961]

19 Nov 2025 | 2165 Views

Disallowance for marked-to-market loss [Section 40A(13)]

19 Nov 2025 | 1295 Views

Reclassification of Business Loss as Speculation Loss and Its Impact on Penalty Under Section 270A

19 Nov 2025 | 965 Views