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Direct Tax Cases Monthly Round Up: May 2024 - Vimarsana News

Direct Tax Cases Monthly Round Up: May 2024

Supreme CourtInterest-Free/Concessional Loans To Bank Employees Taxable As Perquisite : Supreme Court Upholds Rule 3(7)(I) Of Income Tax RulesCase Name- All India Bank Officers' Confederation Vs The...

Source: livelaw.in
[Income Tax Act] Proceedings U/S 148A Summary In Nature, Assessing Authority To Only See If It Is "Fit Case" For Reassessment: Allahabad HC - Vimarsana News

[Income Tax Act] Proceedings U/S 148A Summary In Nature, Assessing Authority To Only See If It Is "Fit Case" For Reassessment: Allahabad HC

The Allahabad High Court has held that proceedings under Section 148A of the Income tax Act, 1961 are summary in nature. The Court held that at the stage of passing order under Section 148A(d), the...

Source: livelaw.in
Expenditure Incurred By Way Of Addition To Buildings, Electrical Fittings On Leasehold Premises Is Capital Expenditure: Kerala High Court - Vimarsana News

Expenditure Incurred By Way Of Addition To Buildings, Electrical Fittings On Leasehold Premises Is Capital Expenditure: Kerala High Court

The Kerala High Court has held that the expenditure that was incurred by the appellant/assessee by way of addition to buildings and electrical fittings on leasehold premises was in the nature of...

Source: livelaw.in
Direct Taxes Weekly Round-Up: 19 To 25 May 2024 - Vimarsana News

Direct Taxes Weekly Round-Up: 19 To 25 May 2024

Delhi High CourtAssessee Can't Be Obstructed From Availing DTVSV Act Benefits Even When Limitation Period For Appeal Hasn't Expired: Delhi High CourtCase Title: PT Bukaka Teknik Utama Versus...

Source: livelaw.in
"Reason To Believe" U/S 148A(C) Income Tax Act Amended To "Info Which Suggests"; Thorough Consideration Of Assessee's Reply Not Necessary: Allahabad HC - Vimarsana News

"Reason To Believe" U/S 148A(C) Income Tax Act Amended To "Info Which Suggests"; Thorough Consideration Of Assessee's Reply Not Necessary: Allahabad HC

The Allahabad High Court has held that a pointwise consideration of objections that may be raised by an assessee in response to a notice issued to him under Section 148 A(b) is not necessary while...

Source: livelaw.in