Scope of Total Income [Section 5]
Scope of Total Income [Section 5]The Scope of Total Income is defined by the residential status of a taxpayer. Based on whether an individual or entity is a resident, RNOR, or non-resident, different types of income will be include...
Validity of Reassessment Notices under Section 148: Whether Jurisdiction Lies with JAO or FAO?
Validity of Reassessment Notices under Section 148: Whether Jurisdiction Lies with JAO or FAO?Delhi High Court Judgment:-Inder Dev Gupta & Others v. ACIT, Central Circle-2, Delhi-Judgment dated 21 November 2025, Delhi ...
Penalty for Non-Disclosure of Foreign Assets
Penalty for Non-Disclosure of Foreign Assets: Whether Technical Non-Compliance Warrants Penal Consequences?The Hon’ble Bombay High Court in Pr. Commissioner of Income Tax (Central)-3 v. Shrem Alloys Pvt. Ltd., Income Tax Appeal ...
Section 145B : Taxability of certain income
Section 145B : Taxability of certain income Section 145B : Taxability of certain incomeSection 145B of the Income Tax Act, 1961 has been inserted in the Income-tax Act to provide that—(1) In...
Addition on Cash Deposited
Cash Deposits—Source Explained by Prior Withdrawals — Mere Time Gap Not Sufficient for AdditionITAT Ahmedabad: Bhikhabhai Mangalbhai Patel v. ITO- ITA No. 1743/Ahd/2025 | Order dated 13.11.2025 | AY 2017-18**The assessee appealed against the orde...