Click on the "Follow" button below and you'll get the latest news from TheTaxTalk- Simplifying the tax law related to income tax and tax planning via email, mobile or you can read them on your personal news page on this site.
You can unsubscribe anytime you want easily.
You can also choose the topics or keywords that you're interested in, so you receive only what you want.
TheTaxTalk- Simplifying the tax law related to income tax and tax planning title: TheTaxTalk- Simplifying the tax law related to income tax and tax planning
Is this your feed? Claim it!
Assessment in the Name of a Deceased Person Is a Nullity: ITAT Allows Legal Ground Even If Not Raised Before CIT(A) Tax litigation often revolves around additions, disallowances, exemptions, and deductions. However, sometimes the most powerful defence does not concern the merits of the assessment at all—it concerns the very validity of the assessment itself....
The pos...
Can Penalty for Concealment Survive If Income Declared in Return Filed Under Section 148 Is Accepted? ITAT Chennai Says No One of the most common assumptions in reassessment cases is that if a taxpayer offers additional income in response to a notice under Section 148, penalty for concealment under Section 271(1)(c) will automatically follow....
The post
Income Tax Act, 2025 Replaces “May” with “Shall”: Has the Assessing Officer Lost His Discretion? A Three-Letter Change That Could Transform Tax Assessments The Income-tax Act, 2025 has brought numerous structural and drafting changes. While many of them are visible and widely discussed, one seemingly insignificant amendment may have far-reaching consequences for taxpayers, ta...
Has the Income-tax Act, 2025 Changed the Law on Capital Gains Exemption for Depreciable Assets? One of the most settled principles under the Income-tax Act, 1961 was that a deeming fiction created for computation purposes could not be extended to deny a tax exemption unless the statute expressly so provided. This principle was authoritatively...
The post
Appeal Is Not a Mere Formality: ITAT Mumbai Reminds Authorities to Determine the Correct Tax Liability Technical Rejection Cannot Override a Genuine Claim Many taxpayers treat an assessment order as the final word from the Income Tax Department. Likewise, many tax disputes reach appellate forums only because valid claims were either overlooked, ignored,...
<...