Important Updates Of Case Laws, Articles And Association News
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Association News
All India Federation of Tax Practitioners announce a 2nd webinar under series of online lectures on Income Tax Bill 2025 : Speaker : Hon’ble Mr. Justice R. V. Easwar, Former Justice of Delhi High Court-Friday, 4th April, 2025 at 5.00 p.m.
All India Federation of Tax Practitioners announce a 2nd webinar under series of online lectures on Income Tax Bill 2025 under already Announced Weekly Webinar Series 2025. Day, Date & Time: Friday, 4th April, 2025 at 5.00 p.m. Sharp Topic: 2nd Lecture of Series on An Overview on Income Tax... [Read more]
Case Laws
The Maharashtra Mantralaya Shaskiy Karmachari Co-op Credit Society Ltd. vs. ITO, Ward 25(2)(1) (ITAT Mumbai)
ITAT Mumbai: Assesses being co-op credit society engaged in providing credit facility exclusive to its members is eligible for deduction u/s 80P(2)(a)(i), on its total income including the interest from commercial banks. Read More ...
Anushaka Sanjay Shah (Ms) v. ITO (IT) (ITAT Mumbai)
ITAT Mumbai: S. 90 : Double taxation relief-Capital gains-Mutual fund Units- Singapore resident-Sale/redemption of mutual fund units would be covered Article 13 of DTAA-Not taxable in India-DTAA-India-Singapore. [Art. 13(4), 13(5)]
Articles
By Summary of the speech prepared by CA. Rajesh Mehta, former Secretary General AIFTP and CA. Apurva Mehta from Online lecture of Mr. Justice Akil Kureshi: Summary of the speech prepared by CA. Rajesh Mehta, former Secretary General AIFTP and CA. Apurva Mehta from Online lecture of Mr. Justice Akil Kureshi Read More ...
Is Cross Examination an absolute right at the time of Income Tax Proceedings
By CA Sanjeev Goyal: As we all know, Income tax department conducts searches and surveys (also known as raids) every year where they suspect a person or business to be having illegal money. In this context, let us understand an interesting situation with help of an illustration. Read More ...
Are Jewellers paying income tax by selling gold jewellery already kept in their shops?
By CA Sanjeev Goyal: As we all know that gold prices are increasing very fast. Talking about the rate of 24 carat gold in August 2023, it is Rs 6050 per gram. Whereas in August 2024, the rate of 24 carat gold is Rs 7050. Due to increase in gold prices, jewellers have to pay income tax by selling… Read More ...
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