NEW INCOME TAX RULE 2025 टैक्स में बड़ी क्रांति का आगाज । जाने कब से लागू होंगे !
NEW INCOME TAX RULE 2025 टैक्स में बड़ी क्रांति का आगाज । जाने कब से लागू होंगे !
Daily Archives: November 18, 2025
IMPORTANT INCOME TAX CASE LAWS 17.11.2025
IMPORTANT INCOME TAX CASE LAWS 17.11.2025 Section Case Law Title Brief Summary Citation Relevant Act Section 10(10AA) Sudhakar Gundappa Paldewar v. Commissioner of Income-tax (Appeals) Exemption for leave encashment for a retired SBI employee could not be restricted to Rs. 3 lakhs as the limit was revised to Rs. 25 lakhs via Notification No. 31/2023.… Read More »
Penalty Proceedings u/s 271D Invalid if Not Initiated in Block Assessment Order
Penalty Proceedings u/s 271D Invalid if Not Initiated in Block Assessment Order Issue Whether penalty proceedings under Section 271D (for violation of Section 269SS) can be legally sustained if the Assessing Officer (AO) failed to record any satisfaction or make any reference to the initiation of such penalty in the block assessment order passed under… Read More »
Share in Liquor Syndicate (AOP) Profit Not Taxable in Member’s Hands; SC Dismisses Revenue’s SLP
Share in Liquor Syndicate (AOP) Profit Not Taxable in Member’s Hands; SC Dismisses Revenue’s SLP Issue Whether the income earned by liquor syndicates (constituted as Associations of Persons or AOPs) can be directly assessed in the hands of the individual members, or if it must be assessed in the hands of the syndicates alone, with… Read More »
Sick Company Denied Section 115JB Exemption as Net Worth Turned Positive
Sick Company Denied Section 115JB Exemption as Net Worth Turned Positive Issue Whether a company, previously declared a “sick industrial company” by the BIFR, is entitled to claim exemption from Minimum Alternate Tax (MAT) provisions under Section 115JB for the assessment year in which its net worth turns positive and it is discharged from the… Read More »
Surcharge for Private Discretionary Trust Capped at 15% When Residual Income is Below Threshold
Surcharge for Private Discretionary Trust Capped at 15% When Residual Income is Below Threshold Issue Whether a private discretionary trust assessed as an Association of Persons (AOP), with a total income exceeding ₹5 crores (comprising mainly dividend income), is liable to pay a surcharge at the maximum rate of 37% on its non-dividend income, or… Read More »
Attachment Must Be Lifted After ITAT Deletes Additions and Arrears Are Cleared
Attachment Must Be Lifted After ITAT Deletes Additions and Arrears Are Cleared Issue Can a tax attachment order remain in force even after the underlying tax demand, on which the attachment was based, has been deleted by the Commissioner (Appeals) and that deletion has been confirmed by the Income Tax Appellate Tribunal (ITAT)? Facts Background:… Read More »
INCOME TAX PAYERS का हैरान कर देने वाला आंकड़ा ! HOW many TAXPAYER filing ITR In INDIA
INCOME TAX PAYERS का हैरान कर देने वाला आंकड़ा ! HOW many TAXPAYER filing ITR In INDIA
High Court Remands 80-IA Dispute: Is Metro Rail JV a ‘Developer’ or Just a ‘Contractor’?
High Court Remands 80-IA Dispute: Is Metro Rail JV a ‘Developer’ or Just a ‘Contractor’? Issue Whether an un-incorporated Joint Venture (JV) executing an underground metro project for the Lucknow Metro Rail Corporation Ltd. (LMRCL) qualifies as a “developer” eligible for deduction under Section 80-IA(4), or is merely a “works contractor” ineligible for the benefit.… Read More »
Inadvertent Oversight by CA Due to Workload is “Reasonable Cause” for Form 10B Delay Condonation.
Inadvertent Oversight by CA Due to Workload is “Reasonable Cause” for Form 10B Delay Condonation. Issue Whether the delay in filing Form 10B (Audit Report) for the Assessment Year 2018-19, caused by the “inadvertent oversight” of the Chartered Accountant due to “impending due dates and overwhelming workload,” constitutes a “reasonable cause” under Section 119(2)(b) of… Read More »