Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Scope of Rectification under Section 254(2) – Whether ITAT Was Right in Modifying Its Earlier Order?
Scope of Rectification under
Section 254(2) – Whether ITAT Was Right in Modifying Its Earlier Order? M/s Devaraj & Others v. ITO,
Coimbatore:-Madras High Court | TCA Nos. 319/2016 & 538/2021 | Judgment
...
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).
ITAT Ahmedabad: Suyog Electricals Ltd. v. DCIT, Circle
2(1)(1), Vadodara, ITA No. 1352/Ahd/2025, order dated 25 November 2025.Core Issue: Whether an addition of Rs. 4,83,894, being the
book profit on sale of a motor ve...
Refusal of Registration under Section 12AA – Whether Educational Activities Constitute Charitable Purpose?
Refusal of
Registration under Section 12AA – Whether Educational Activities Constitute
Charitable Purpose? CIT, Patiala v.
Yadvindra Public School Association, Patiala, ITA-253-2011 (O&M), decided
on 09 Se...
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 ...
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 ...
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...
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...