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Recent Posts
- Government of India and ADB sign $125 million loan to upgrade urban services in Assam
- Circular No. 13/2025 Order under section 119 of the Income-tax Act, 1961 for waiver of interest payable under section 220(2)
- IMPORTANT INCOME TAX CASE LAW 21.09.2025
- An appellate order passed without a hearing, violating court directions, is legally unsustainable.
- A TDS demand was deleted based on consistency with a co-purchaser’s favorable order.
- Mechanical rejection of delay condonation is unsustainable; a reasoned order is mandatory.
- The receipt of a free flat during Assessment Year 2007-08 is not taxable, as Section 56(2)(v) of the Income-tax Act at that time only covered the receipt of money, not immovable property.
- The receipt of a free flat during Assessment Year 2007-08 is not taxable, as Section 56(2)(v) of the Income-tax Act at that time only covered the receipt of money, not immovable property.
- A provision for discount is an allowable expenditure if it is based on a scientific method and is consistently discharged in subsequent years.
- The rejection of a trust’s registration is invalid if the authority fails to consider a reply that the assessee has duly filed.
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