Monthly Archives: June 2023

Interest income of a minor should be added to parent’s total income even if income was to be utilized only after minor attains majority : High Court HIGH COURT OF KERALA SIBI JOY v. Income-tax Officer (TDS) P. GOPINATH, J. W.P. (C) NO. 9919 OF 2019 JANUARY  5, 2023 D.S. Sreekumaran, T.S. Maya, Mahesh A. and Ramakrishnan P., Advs. for the… Read More »

Delay in filing ITR due to CA discharging family obligations is ‘genuine hardship’ : High Court HIGH COURT OF BOMBAY ADCC Infocom (P.) Ltd. v. Principal Chief Commissioner of Income-tax A.S. CHANDURKAR AND M.W. CHANDWANI, JJ. WRIT PETITION NO. 6680 OF 2022 MARCH  17, 2023 Atharva S. Manohar, Adv. for the Petitioner. Anand Parchure and B.N. Mohata, Advs. for the Respondent. JUDGMENT… Read More »

CII Index for FY 2023-24 is 348 : Download Notification MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th June, 2023 INCOME-TAX S.O. 2571(E).— In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the… Read More »

Income-tax (Ninth Amendment) Rules 2023 Download MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th June, 2023 G.S.R. 432(E).—In exercise of the powers conferred by section 245Q read with section 295 of the Incometax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the… Read More »