My thinking — (1) this editorial has appeared after a long time [2] the points raised are very crucial which the concerned authorities [ Management–
Month: March 2025
Income Tax Proceedings against Deceased Person Invalid, must be Initiated against Legal Heirs u/s 159: Bombay HC [Read Order]
Clipped from: https://www.taxscan.in/income-tax-proceedings-against-deceased-person-invalid-must-be-initiated-against-legal-heirs-u-s-bombay-hc/499147/ Bombay HC quashes tax proceedings against deceased, rules notices must be issued to legal heirs under Section 159 of the Income Tax Act
SCN Cannot Be Issued Without Considering Reply to pre-consultation notice: Bombay HC
Clipped from: https://taxguru.in/goods-and-service-tax/scn-issued-reply-pre-consultation-notice-bombay-hc.html Summary: The Bombay High Court, in FSM Education Pvt Ltd v. Union of India [Writ Petition (L) No. 28229 of 2024 dated January 21, 2025],
@Tolani Shipping Co.Ltd, Mumbai vs Dcit Cir 5(3), Mumbai on 31 March, 2023
We find that the benefit of indexation while computing long term capital gains had been statutorily provided to the assessee. Hence, in view of the
*******Income from ‘Profits and Gains of Business or Profession’
Clipped from: https://taxguru.in/income-tax/income-profits-gains-business-profession.html Summary: This section of the Income Tax Act, 1961, defines and clarifies income from “Profits and Gains of Business or Profession.” It distinguishes between
@Reopening beyond 4 years without new material facts not sustainable in law: Gujarat HC
Clipped from: https://taxguru.in/income-tax/reopening-4-years-material-facts-sustainable-law-gujarat-hc.html PCIT Vs IOT Anwesha Engineering And Projects Ltd. (Gujarat High Court) Gujarat High Court held that in the absence of new material facts
Courtesy Business Standard [Article by TT Ram Mohan ]
Say the worst about Donald Trump, but you can’t deny that he has hit the ground running. Tariffs, immigration, the Ukraine war, the conflict in
aniltikotekar4sme.com 