Diksha Garg

Understanding Exemptions under Section 54, 54EC & 54F 5 min read

• Income Tax

Understanding Exemptions under Section 54, 54EC & 54F

Diksha Garg 7 years ago

Section 54 of the Income Tax Act, 1961 provides the seller of a residential property with relief from capital gains tax, if the proceeds from... Read More

The Assessing Officer cannot point Fake Purchase under section 69C 3 min read

• Income Tax

The Assessing Officer cannot point Fake Purchase under section 69C

Diksha Garg 8 years ago

The Assessing Officer cannot point Fake Purchase under section 69C, in a case where all the sales and purchase transactions are appropriately mentioned in the... Read More

If you true in paying the Tax, CIT can also be wrong as clear from this case 3 min read

• Income Tax

If you true in paying the Tax, CIT can also be wrong as clear from this case

Diksha Garg 8 years ago

If you true in paying the Tax, CIT can also be wrong as clear from this case. The assessee filed the appeal in disagreement with... Read More

If a case is manually selected for the inspection, CIT needs to manifest the application of mind for granting approval for scrutiny 3 min read

• Income Tax

If a case is manually selected for the inspection, CIT needs to manifest the application of mind for granting approval for scrutiny

Diksha Garg 8 years ago

If a case is manually selected for the inspection, CIT needs to manifest the application of mind for granting approval for scrutiny. Details of M/s Brothers... Read More

Form 10A and Rule 17A May See an Amendment in Future: CBDT Issues Draft Notification 2 min read

• Income Tax

Form 10A and Rule 17A May See an Amendment in Future: CBDT Issues Draft Notification

Diksha Garg 8 years ago

Central Board of Direct Taxes has issued a statement that the present Finance Act, 2017, will be incorporated with a fresh clause (ab) in sub-section... Read More

Reopening of assessment- Change of Opinion or Failure to apply Mind- Crescent Construction Co vs. ACIT (ITAT Mumbai) 3 min read

• Income Tax

Reopening of assessment- Change of Opinion or Failure to apply Mind- Crescent Construction Co vs. ACIT (ITAT Mumbai)

Diksha Garg 8 years ago

Discussion on reopening of assessments in the context of “change of opinion” vs. “failure to apply mind,” under s. 147/148, read with section 114 of... Read More

Delhi High Court takes serious note on Coercion and threats by Tax Officials -Case of Digipro Import and Export Pvt. Ltd vs. UOI 3 min read

• Income Tax

Delhi High Court takes serious note on Coercion and threats by Tax Officials -Case of Digipro Import and Export Pvt. Ltd vs. UOI

Diksha Garg 8 years ago

Know in detail about the Delhi High Court Case: Digipro Import & Export Pvt. Ltd vs. UOI. Critical obloquies passed to convict the unlawful practice... Read More

Cameron Pte Ltd (Singapore) vs. ADIT (ITAT Jaipur) Case – Notice Under 143(2) must be Served Within the Specified Time Before the Expiry of the Restricted Period 3 min read

• Income Tax

Cameron Pte Ltd (Singapore) vs. ADIT (ITAT Jaipur) Case – Notice Under 143(2) must be Served Within the Specified Time Before the Expiry of the Restricted Period

Diksha Garg 8 years ago

The notice under the provisions of section 143(2) of the Income tax Act is issued when the Assessing Officer (AO) evaluates the tax return submitted... Read More

PROCEDURES TO BE FOLLOWED FOR ANY OBJECTION AGAINST THE NOTICE ISSUED UNDER SECTION 148 2 min read

• Income Tax

PROCEDURES TO BE FOLLOWED FOR ANY OBJECTION AGAINST THE NOTICE ISSUED UNDER SECTION 148

Diksha Garg 8 years ago

Any taxpayer, who is aggrieved by the issuance of notice against him under section 148 and feels that such proceedings are unwarranted, can file objections... Read More

CBDT’s Proposal to Estimate the Expected Income In Future and Its Impact on India Inc 3 min read

• Income Tax

CBDT’s Proposal to Estimate the Expected Income In Future and Its Impact on India Inc

Diksha Garg 8 years ago

The CBDT (Central Board of Direct Taxes) has put forward a plan in front of the companies in India to provide it an advance estimation... Read More