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CA. Ajay Kumar agarwal

FCA

Delhi

ajayaglca@gmail.com

Joined: Dec 2025

About Author

Chartered Accountant I 30K+ Followers I Mentor I Public Speaker I Author & Speaker - Direct Tax, FEMA & FDI laws, Merger & Acquisition , Business Restructuring and Search and Seizure matters.

Articles by CA. Ajay Kumar agarwal 53

Validity of Reopening of Assessment and Addition under Section 69 without Rejection of Books

20 Dec 2025 | 62 Views

Alleged Bogus Purchases: Deletion vs Remand Depends on Charging Provision — ITAT Delhi Deletes Addition u/s 69, ITAT Pune Orders Remand u/s 37 | KDP Infrastructure Pvt. Ltd. & Taparia Tools Ltd. (2025)

20 Dec 2025 | 70 Views

Rate of Exchange for Conversion into Rupees of Income Expressed in Foreign Currency, (Rule 115 of the Income-tax Rules, 1962)

17 Dec 2025 | 267 Views

Disclosed Foreign Investments in Minors’ Names Not Unexplained u/s 69; Foreign Tax Credit Cannot Be Denied for Procedural Lapse in Form 67 – ITAT Delhi

17 Dec 2025 | 253 Views

“Reasonable Cause” and “Sufficient Cause” under the Income-tax Act, 1961 – Conceptual Distinction, Statutory Application and Judicial Approach

17 Dec 2025 | 219 Views

Taxability of Ex-gratia / Retrenchment Compensation Paid Under Government-Supported Schemes – Statutory Framework, Judicial Interpretation and Admissibility of New Claim

17 Dec 2025 | 237 Views

Penalty proceedings u/s 274 r/w section 271(1)(c) - estimation of income - bogus purchases

16 Dec 2025 | 271 Views

Global Real Estate Transparency and Schedule FA: A New Compliance Reality for Indian Taxpayers

15 Dec 2025 | 177 Views

FOLLOW FOR MORE UPDATES, WORD OF WISDOM, SEMINAR UPDATES, SEBI UPDATES, INCOME TAX LAW, & GST FAQS UPDATES.

13 Dec 2025 | 51 Views

Delhi High Court Upholds PCIT-Only Sanction for High-Value Tax Evasion Prosecution: Collegium Approval Not Required Under CBDT Circulars

12 Dec 2025 | 167 Views

Whether the assessment framed u/s 153A for Assessment Year 2010-11 (pursuant to search action) was barred by limitation, as it fell beyond the permissible extended period of 10 years prescribed under Explanation 1 to Section 153A(1), particularly in light of the binding judgment of the Delhi High Court in Ojjus Medicare Pvt. Ltd

11 Dec 2025 | 86 Views

Deemed Let-Out Property: Contemporary Tax Treatment of Residential, Commercial and Stock-in-Trade Units After the Finance Act, 2024

11 Dec 2025 | 68 Views

The Dispute Resolution Panel (DRP): Concept, Scope and Appellate Framework under the Income-tax Act, 1961

10 Dec 2025 | 129 Views

THE MERCANTILE METHOD OF ACCOUNTING & THE ACCRUAL SYSTEM UNDER THE INCOME-TAX ACT, 1961

10 Dec 2025 | 149 Views

Addition under Section 68 for Demonetisation Cash Deposits – Whether Possible When Books Are Rejected and Cash Sales Duly Recorded?

10 Dec 2025 | 314 Views

CASE STUDY SERIES, Section 45(3), Section 45(4), Section 9B & Rule 8AB – Income-tax Act, 1961** (With conceptual integration through CBDT Circular No. 14/2021)

09 Dec 2025 | 195 Views

Addition under Section 68 – Evidentiary Value of Statements under Section 131 – Scope of Provisos to Section 68 – Valuation under Section 56(2)(viib)

09 Dec 2025 | 141 Views

Merger, Demerger and Income-tax Applicability – A Brief Overview

09 Dec 2025 | 203 Views

Addition under Section 69 read with Section 115BBE – Cash Deposits During Demonetisation – Rate of Tax Prior to 01.04.2017 – ITAT Chandigarh Decision

09 Dec 2025 | 181 Views

RBI has issued a new notification regarding Reserve Bank of India (Payments Banks – Undertaking of Financial Services) (Amendment) Directions, 2025

08 Dec 2025 | 205 Views

Foreign Tax Credit under Indian Income-tax Law – Concept and Procedure for Residents and Non-Residents

08 Dec 2025 | 282 Views

Offences under Sections 276B, 278B and 278E – Delhi High Court Declines Quashing at Pre-Trial Stage

06 Dec 2025 | 277 Views

Peak Cash Credit – A Fair Method to Determine Unexplained Cash Under the Income-tax Act

06 Dec 2025 | 318 Views

Concept of Materiality in Audit – Foundation, Purpose, and Practical Application

06 Dec 2025 | 301 Views

Section 54F – Eligibility and Scope of Disqualification under the Proviso Clarification: Plots and Commercial Properties Do Not Trigger the Proviso

05 Dec 2025 | 150 Views

Penalty under Section 270A – Whether Penalty Proceedings Can Continue When Quantum Appeal Is Pending Before CIT(A)

05 Dec 2025 | 304 Views

Addition under Section 56(2)(viib): Validity of DCF Method and Differential Premium — Tribunal Reiterates Binding Effect of Jurisdictional High Court Rulings

05 Dec 2025 | 181 Views

Deduction u/s 80IAC – Whether Delay in Filing Form 10CCB is Fatal?

04 Dec 2025 | 283 Views

Concept of Block of Assets under Section 32 of the Income-tax Act, 1961

04 Dec 2025 | 270 Views

Role of Audit Evidence under SA 500 (Audit Evidence) Issued by ICAI in the Work of a Financial Auditor

04 Dec 2025 | 211 Views

Taxation of Private Trusts in India: Conceptual Framework, Classification and Emerging Issues

03 Dec 2025 | 343 Views

TAX-RATE DETERMINATION FOR CHARITABLE TRUSTS NOT CLAIMING SECTION 11 BENEFIT Whether Normal Slab Rates Apply or Maximum Marginal Rate (MMR) as AOP/BOI

03 Dec 2025 | 193 Views

Who is eligible to claim depreciation in a lease transaction - Whether the lessor (person who hires or leases the asset for a consideration) or the lessee (who hires for business use) ?

03 Dec 2025 | 322 Views

Addition under Section 50C – Assessment Finalised Without Awaiting DVO Report – Whether Sustainable in Law?

02 Dec 2025 | 104 Views

APPLICABILITY OF INCOME TAX AND GST ON JOINT DEVELOPMENT AGREEMENT IN REAL ESTATE FOR LANDOWNERS AND BUILDERS

01 Dec 2025 | 706 Views

Scope of Rectification under Section 254(2) – Whether ITAT Was Right in Modifying Its Earlier Order?

01 Dec 2025 | 383 Views

Exemption of Income of any University or other Educational Institution Substantially Financed by Government [Section 10(23C)(iiiab)]

30 Nov 2025 | 691 Views

Book profit on sale of a motor vehicle forming part of a continuing depreciable block cannot be taxed separately once the full sale consideration is reduced under Section 43(6)(c).

29 Nov 2025 | 882 Views

Estimate of value of assets by Valuation Officer [Section 142A]

28 Nov 2025 | 246 Views

Concept of Diversion of Income by Overriding Title

28 Nov 2025 | 1023 Views

Refusal of Registration under Section 12AA – Whether Educational Activities Constitute Charitable Purpose?

28 Nov 2025 | 420 Views

Applicability of Section 54F Where Assessee Holds a Jointly-Owned Residential Property

27 Nov 2025 | 231 Views

Main Features of the Four Labour Codes

27 Nov 2025 | 1243 Views

DTAA Rate vs. Section 206AA – Whether 206AA Overrides a Treaty Rate When Non-Resident Has No PAN

26 Nov 2025 | 344 Views

Scope of Total Income [Section 5]

24 Nov 2025 | 1665 Views

Validity of Reassessment Notices under Section 148: Whether Jurisdiction Lies with JAO or FAO?

24 Nov 2025 | 1156 Views

Penalty for Non-Disclosure of Foreign Assets

22 Nov 2025 | 236 Views

Section 145B : Taxability of certain income

22 Nov 2025 | 1833 Views

Addition on Cash Deposited

21 Nov 2025 | 1287 Views

Penalty u/s 271DA – Requirement of Recording Satisfaction for Violation of Section 269ST – ITAT Delhi Dismisses Revenue’s Appeal

20 Nov 2025 | 1464 Views

Time limit for completion of Block Assessment of Search cases [Section 158BE of the Income Tax Act, 1961]

19 Nov 2025 | 1886 Views

Disallowance for marked-to-market loss [Section 40A(13)]

19 Nov 2025 | 1153 Views

Reclassification of Business Loss as Speculation Loss and Its Impact on Penalty Under Section 270A

19 Nov 2025 | 833 Views