Category: Income Tax

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

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

Clipped from: https://www.taxscan.in/attachment-of-property-by-income-tax-dept-cannot-be-made-indefinitely-without-pursuing-steps-to-resolve-matter-delhi-hc/496522/ The Delhi High Court has held that the Income Tax Department cannot, suspecting escapement of tax on income by an assessee, indefinitely attach its properties

Clipped from: https://taxguru.in/income-tax/reassessment-proceedings-barred-limitation-pursued-rajasthan-hc.html Late Shri Rafiq Ahmed Querashi Vs Central Board Of Direct Taxes (Rajasthan High Court) Rajasthan High Court in the case of Late Shri Rafiq

Clipped from: https://www.business-standard.com/finance/news/experts-intrigued-by-inclusion-of-electoral-bonds-in-new-income-tax-bill-125021700702_1.html Electoral bonds have been mentioned in the new Income Tax Bill’s Schedule VIII which deals with ‘Income not to be included in the