Clipped from: https://taxguru.in/income-tax/deduction-u-s-54-eligible-respect-more-one-property.html K. Gopalakrishnan Vs ITO (ITAT Chennai) ITAT Chennai held that as per the ratio of decision of jurisdictional High Court in CIT V/s Gumanmal
Month: January 2023
Assessee can challenge reopening notice at the stage of challenging consequential Assessment order: HC
Clipped from: https://taxguru.in/income-tax/assessee-challenge-reopening-notice-stage-challenging-consequential-assessment-order-hc.html Auroglobal Comtrade Private Limited Vs Chairman, CBDT & Others (Orissa High Court) HC declined to accept challenge to the Reopening notices under Section
Section 80P2D–Judgement sent by CA Mr. Amey Sane*****
80P2D-Judgemen t sent by Society CA
Supreme Court rules Writ Petition can be entertained to examine if conditions for Issuance of Notice u/s 148 have been satisfied [Read Order]*****
Read More: https://www.taxscan.in/supreme-court-rules-writ-petition-can-be-entertained-to-examine-if-conditions-for-issuance-of-notice-u-s148-have-been-satisfied/244720/ Clipped from: https://www.taxscan.in/supreme-court-rules-writ-petition-can-be-entertained-to-examine-if-conditions-for-issuance-of-notice-u-s148-have-been-satisfied/244720/ The Supreme Court of India in a major ruling held that writ petition can be entertained to examine if conditions for
Budget may see another dispute resolution scheme as tax arrear surges – The Hindu BusinessLine*
lipped from: https://www.thehindubusinessline.com/economy/budget-may-see-another-dispute-resolution-scheme-as-tax-arrear-surges/article66361098.ece Tax arrears during FY17 to FY21 surged from ₹9-lakh crore to over ₹16-lakh crore Finance Minister Nirmala Sitharaman may get some satisfaction on
‘Copy-paste’ appeals from Micromax, Karbonn riles NCLAT – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/copy-paste-appeals-from-micromax-karbonn-riles-nclat/article66360122.ece NCLAT bench to examine Google appeal’s similarities with Karbonn, Micromax pleas File image | Photo Credit: Dado Ruvic An uncanny similarity in the
Policies to double farm income can be improved upon – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/policies-to-double-farm-income-can-be-improved-upon/article66361237.ece Improved storage, productivity and efficient markets, including futures, can transform the fortunes of India’s farmers As aggregators of small farmers’ produce, FPOs can
Imports from China, a big worry – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/imports-from-china-a-big-worry/article66362125.ece Despite the PLI scheme, India’s import dependency remains alarming. The Budget must address this issue Global supply chain disruptions caused by Covid have
What is in a number? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/what-is-in-a-number-123011001334_1.html The system of releasing numerous GDP growth estimates over three years calls for an overhaul. Budget making will also benefit as a result
Conservative budgeting | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/conservative-budgeting-123011001349_1.html Fiscal space should be used carefully The Union government is confident of achieving the fiscal deficit target of 6.4 per cent of gross domestic product
Taxing demands | Business Standard Editorials*
Clipped from: https://www.business-standard.com/article/opinion/taxing-demands-123010901357_1.html Unrealistic revenue targets will affect business environment A recently reported directive by the Central Board of Direct Taxes to senior tax officials to focus on recovering 40
Financialising the economy | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/financialising-the-economy-123011001352_1.html The sector is expected to outperform Even as large parts of the broader Indian corporate world struggle to return to historical levels of
Real Estate News: Pent-up demand in real estate will continue in 2023: Knight Frank India | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/pent-up-demand-in-real-estate-will-continue-in-2023-knight-frank-india-123011000470_1.html Despite geopolitical challenges, the office sector saw a strong recovery in demand and saw a rise of 36 per cent YoY Indian real estate will
This Budget’s focus should be on expenditure, not so much on taxation: Pronab Sen | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/this-budget-s-focus-should-be-on-expenditure-not-so-much-on-taxation-sen-123011001254_1.html Revival in capex in the non-corporate sector, which is our MSME (micro, small, and medium enterprises) sector, is beginning now As the Budget
Presumptive Taxation Scheme under Income Tax Act, 1961*****
Clipped from: https://taxguru.in/income-tax/presumptive-taxation-scheme-income-tax-act-1961.html Details of Presumptive Taxation Scheme For small taxpayers the Income Tax Act has framed three presumptive taxation schemes as given below: Provisions of
Validity of Assessment order passed against dead person without brining on records his legal heirs*****
Clipped from: https://taxguru.in/income-tax/validity-assessment-order-passed-dead-person-brining-records-legal-heirs.html Legal Heirs of Late Sh Virendra Kumar Bhatnagar (Deceased) Vs ACIT (Delhi High Court) In the present case as admitted by the Respondent
Removing barriers to entry | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/removing-barriers-to-entry-123010901342_1.html Policies should focus on improving the ease of entering business, not just the ease of doing business It is nearly time for another
Taxing demands | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/taxing-demands-123010901357_1.html Unrealistic revenue targets will affect business environment A recently reported directive by the Central Board of Direct Taxes to senior tax officials to focus on recovering 40
RBI lists 6 rating agencies for banks’ capital adequacy purposes | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-lists-6-credit-rating-agencies-for-banks-to-risk-weight-claim-123010901015_1.html Central bank’s names come after Sebi last year cancelled the licence of Brickworks Ratings for allegedly violating rules The Reserve Bank of India
Income Tax – Set-off long term loss only against LTCG | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-set-off-long-term-loss-only-against-ltcg/2940173/ Equity shares are classified as long term if they are held for a period more than 12 months. While no documentary evidence is
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