Direct Tax

BREAKING | CBDT Notifies Condonation Of Delay In Filing Of Form No. 9A, 10, 10B, 10BB 

The Central Board of Direct Taxes (CBDT) has notified the condonation of delay in filing of Form No. 9A, 10, 10B, 10BB. In supersession of...

Bombay High Court Quashes Order For Non-Addressing Issue Of Waiver Of Interest, Attributable To COVID-19 Pandemic

The Bombay High Court has quashed the order for non-addressing the issue of waiver of interest, attributable to COVID-19 pandemic. The bench of Justice G....

GST Can’t Be Included In Computing Deemed Income: ITAT

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that Goods and Service Tax (GST) cannot be included while computing deemed income...

Direct Tax Weekly Flashback: 10 November 2024 to 16 November 2024  

Direct Tax Weekly Flashback for the period 10 November 2024 to 16 November 2024. Table of Contents - Direct Tax Weekly FlashbackSupreme Court TDS Is Deductible...

BREAKING | Union Budget 2025: CBDT Working On Simplified  Version Of Income Tax Laws

The Union Government is preparing the Union Budget 2025, which shall be presented on February 1, 2023, the Central Board of Direct Taxes (CBDT)...

Delhi High Court Refuses To Condone AO’s 2 Minutes Delay In Issuing Reassessment Notice; Quashes Notice Being Time Barred

The Delhi High Court has refused to condone 2 minutes delay in issuing reassessment notice by the Assessing Officer (AO). The bench of Justice Vibhu...

Share Received By Assessee From AOP/BOI After Payment Of Due Taxes Can’t Be Taxed Again In Hands Of Recipient Assessee: Madhya Pradesh High Court

The Jabalpur bench of Madhya Pradesh High Court has held that the share received by the assessee from such Association of Persons (AOP)/ Body...

Sale Deed Is Not A Revenue Document To Certify Agricultural Nature Of Land For Taxation Purpose: Delhi High Court Upholds PCIT’s Action Of Invoking...

The Delhi High Court has upheld the invocation of Revision Power under Section 263 of the Income Tax Act by the Principal Commissioner of...

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