Daily Archives: October 8, 2026

Faceless assessment limitation extended by official DIN receipt of DVO report; stamp value addition remanded for fresh valuation.

By | October 8, 2026
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Faceless assessment limitation extended by official DIN receipt of DVO report; stamp value addition remanded for fresh valuation. Issue Whether an assessment order passed on 05.12.2022 was time-barred under Section 153 when the DVO report was emailed on 01.10.2022 but officially received through the statutory faceless channel under DIN on 06.10.2022. Whether the Assessing Officer… Read More »

No Section 14A disallowance without exempt income and premises vacation compensation is allowable revenue expenditure.

By | October 8, 2026
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No Section 14A disallowance without exempt income and premises vacation compensation is allowable revenue expenditure. Issue Whether any disallowance under Section 14A read with Rule 8D can be made in an assessment year where the assessee has earned no exempt income. Whether compensation paid by an assessee to secure vacant possession of premises taken on… Read More »

Key Tax Positions on Deductions, Transfer Pricing, TDS, and Expenses for Telecom Operators Established

By | October 8, 2026
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Key Tax Positions on Deductions, Transfer Pricing, TDS, and Expenses for Telecom Operators Established Issue Whether determinations under Section 80-IA (initial year and inclusion of operational receipts like interest, foreign exchange gains, and site-sharing revenue) require accounting for past appellate/rectification orders and integral business nexus. Whether payments for annual telecom license fees, Asset Restoration Costs… Read More »

Absence of explicit irrevocability and dissolution clauses in trust deed is not ground for denying Section 12AB registration and Section 80G approval

By | October 8, 2026
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Absence of explicit irrevocability and dissolution clauses in trust deed is not ground for denying Section 12AB registration and Section 80G approval Issue Whether the absence of explicit “irrevocable” and “dissolution” clauses in a trust deed justifies the rejection of an application for registration/revalidation under Section 12AB and approval under Section 80G(5)(ii). Facts The assessee-trust… Read More »

Gains from share transactions constitute capital gains and purchase payments to non-resident parent attracting no TDS disallowance confirmed.

By | October 8, 2026
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Gains from share transactions constitute capital gains and purchase payments to non-resident parent attracting no TDS disallowance confirmed. Issue Whether gains from the sale of shares and securities should be assessed as capital gains or business income when identical transactions in earlier years were treated as pure investments by the Tribunal. Whether payments made to… Read More »

Apple Watch Series 11 (GPS, 42mm) Key features and Price

By | October 8, 2026
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Apple Watch Series 11 (GPS, 42mm) Key features and Price   BUY ONLINE The Apple Watch Series 11 (GPS, 42mm) offers several key features and benefits detailed on the page: Key Health & Wellness Features Sleep Score Tracking: Tracks and scores sleep quality overnight to help evaluate how restorative your rest is. Comprehensive Heart Health:… Read More »