Direct Tax
Gain On Crypto Currency Sale Prior To AY 2022-23 Chargeable To Tax As Capital Gain : ITAT
The Jodhpur Bench of Income Tax Appellate Tribunal (ITAT) has held that the gain on sale of crypto currency (bitcoin) prior to AY 2022-23...
Appeal Has To Be Pending As On 22 July 2024 For Taxpayer To Opt For DTVSV Scheme : CBDT
The Central Board of Direct Taxes (CBDT) while issuing the guidelines stated that appeal has to be pending as on 22 july 2024 for...
Delhi High Court Quashes S. 148 Notice Against Goibibo Group Citing Supreme Court’s Decision In Rajeev Bansal Case
In a major relief to Goibibo, the Delhi High Court, in a recent judgment, quashed a Section 148 notice for AY 2015-16 in light...
Word Chess Champion D Gukesh To Face Income Tax Bill Of Rs. 4.67 Crore : Know Indian’s Reaction
In a dramatic 14th and final match, Indian Grandmaster D Gukesh defeated reigning Chinese champion Ding Liren to become the youngest World Chess Champion...
Chhattisgarh High Court Condones Delay Of 55 Days In Filing Appeal Before ITAT
The Chhattisgarh High Court has condoned the delay of 55 days in filing appeal before Income Tax Appellate Tribunal (ITAT) on the grounds that...
AO Can’t Reassess Without Taking Into Consideration Incriminating Material In Respect Of Completed Assessments : Kerala High Court
The Kerala High Court has held that AO cannot reassess without taking into consideration incriminating material in respect of completed assessments.The bench of Justice...
Trade In Derivatives Not A Speculative Transaction : Kerala High Court Allows Business Loss Set-Off
The Kerala High Court has held that a loss in the trade derivative would consequently be a business loss for the purposes of Section...
Delhi High Court Allows Assessee To Exclude Subject Matter Of Dept’s Appeal While Opting For Settlement Under DTVSV Act
The Delhi High Court in the case of Rose Wood Buildwell Private Limited Versus Pr. Commissioner Of Income Tax-7 allowed the assessee to exclude...