Assessee’s Win: Five Significant Income Tax Decisions | Recent High Court Cases

Tax

A synopsis of five significant rulings rendered by different high courts recently.OverviewLet’s talk about recent legal rulings from several high courts in 2023 that particularly address cases where the assessee has prevailed. I chose these cases because they have a big influence on how income tax laws are interpreted and administered. Here, we simplify these …

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Income Tax Act’s Sections 194IB and 194IC

The Income-tax Act’s Section 194IB addresses the tax withheld at the source when rent is paid. In order to include real estate “joint development agreements” under TDS preview, Section 194IC was introduced. A joint development agreement is a contract between the asset’s owner and the developer. Any person, including individuals and HUFs exempt from audit …

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