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Applicability of Section 54F Where Assessee Holds a Jointly-Owned Residential Property
Applicability of Section 54F Where Assessee Holds a Jointly-Owned Residential Property1. Introduction:-Section 54F of the Income-tax Act, 1961 grants exemption on long-term capital gains arising from the transfer of any ...
Enhancing Tax Transparency on Foreign Assets & Income: Understanding CRS & FATCA
Enhancing Tax Transparency on Foreign Assets & Income: Understanding CRS & FATCA A.
Purpose of CRS and FATCAIn this global...
Main Features of the Four Labour Codes
Main Features of the Four Labour Codes India has consolidated 29 central labour laws into 4 Labour
Codes to simplify compliance, improve ease of doing business, and enhance
worker protection.The four Codes are:&nb...
DTAA Rate vs. Section 206AA – Whether 206AA Overrides a Treaty Rate When Non-Resident Has No PAN
DTAA Rate
vs. Section 206AA – Whether 206AA Overrides a Treaty Rate When Non-Resident Has
No PAN ?(Delhi High Court: CIT (Intl. Tax)-1 v. Air India Ltd., [2023] 456 ITR
117)** Core Issue: Whether
in the ...
Scope of Total Income [Section 5]
Scope of Total Income [Section 5]The Scope of Total Income is defined by the residential
status of a taxpayer. Based on whether an individual or entity is a resident,
RNOR, or non-resident, different types of income wi...
Validity of Reassessment Notices under Section 148: Whether Jurisdiction Lies with JAO or FAO?
Validity of Reassessment Notices under Section 148:
Whether Jurisdiction Lies with JAO or FAO?Delhi High Court
Judgment:-Inder Dev Gupta & Others v. ACIT, Central Circle-2, Delhi-Judgment
dated 21 November 2025, D...
Penalty for Non-Disclosure of Foreign Assets
Penalty
for Non-Disclosure of Foreign Assets: Whether Technical Non-Compliance Warrants
Penal Consequences?The Hon’ble Bombay High Court in Pr. Commissioner of Income
Tax (Central)-3 v. Shrem Alloys Pvt. Ltd., Incom...
Section 145B : Taxability of certain income
Section
145B : Taxability of certain income Section 145B : Taxability of certain incomeSection 145B of the Income Tax Act, 1961 has been inserted in
the Income-tax Act to provide that—(1) Intere...
Addition on Cash Deposited
Cash Deposits—Source Explained by Prior Withdrawals — Mere Time Gap Not Sufficient for AdditionITAT Ahmedabad: Bhikhabhai Mangalbhai Patel v. ITO- ITA No. 1743/Ahd/2025 | Order dated 13.11.2025 | AY 2017-18**The asse...
Penalty u/s 271DA – Requirement of Recording Satisfaction for Violation of Section 269ST – ITAT Delhi Dismisses Revenue’s Appeal
Penalty u/s 271DA – Requirement of Recording Satisfaction for Violation of Section 269ST – ITAT Delhi Dismisses Revenue’s Appeal(ACIT v. Seven Seas Hospitality Pvt. Ltd., ITA Nos. 2225 & 2226/Del/2025, dated 14...