Income Tax Act 1961
The Bombay HC has refused interim relief to a same-sex couple challenging the exemption for gifts from “spouse” under Section 56(2)(x) of the IT Act. The recent order of the...
Read More
Income Tax Act 1961
Supreme Court Form 15CB Judgment – CA Liability Under PMLA Clarified Introduction The Supreme Court of India has recently delivered a significant judgment clarifying the liability of Chartered Accountants (CAs)...
Read More
Income Tax Act 1961
ITAT Favors Aishwarya Rai Bachchan in ₹4.11 Crore Section 14A Tax Dispute Background of the Case (AY 2022–23)For the Assessment Year 2022–23, Aishwarya Rai Bachchan filed returns disclosing around ₹39.3 crore...
Read More
CBDT
1. Tax on Gift of a Car to a Non-Relative — Clarified In India, gifts often symbolize goodwill and affection. Yet, the Income-tax Act, 1961 draws a fine line between...
Read More
Income Tax Act 1961
RBI clears bank-funded M&A—what changes for you now? Summary (2-minute read) What exactly has changed? 1) Bank-funded M&A (acquisition financing) RBI has proposed an enabling framework so that banks can directly fund...
Read MoreA recent decision by the Delhi High Court has brought much-needed relief to a Non-Resident Indian (NRI) who was facing a significant tax demand due to an error in the...
Read More
CBDC
Madras High Court on Pension Account Attachment for Income Tax Dues 🔎 Overview: Pension Funds Declared Immune from Tax Recovery Attachments In a landmark and socially impactful decision, the Madras...
Read More
Income Tax Act 1961
Reclaim What’s Rightfully Yours: IEPFA & SEBI Launch ‘Niveshak Shivir’ in Pune to Help Investors Recover Unclaimed Dividends & Shares In a groundbreaking move to address long-pending investor grievances and...
Read MoreIn a noteworthy decision, the Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, recently ruled in favor of a taxpayer who had claimed an exemption under Section 54F of the Income Tax...
Read MoreBy CA Alok KumarPublished on: May 24, 2025Website: www.caalokkumar.com In a significant and much-needed clarification on procedural aspects under GST law, the Delhi High Court has delivered a judgment that could greatly influence...
Read More