Judgement

ITAT held that payment for property tax is an annual activity and the same will be in the nature of Revenue expenditure

Payment of annual property tax to local municipal authorities Revenue Expenditure: ITAT

Indexation benefit available from date of ownership agreement or date of payment of first installment

News

IT Dept. Slaps a Rs.14 Cr Income Tax Notice to Bihar daily wage labourer

Chartered Accountant and 2 Income Tax Officials sentenced to rigorous imprisonment by CBI Court

In the matter of M/s Senthil Murugan Jewellers Pvt Ltd vs DCIT ITAT refused to give condonation on the reason that Delay was because the Chartered Accountant of the assessee company has not advised the assessee to file the appeal.

"CA has not advised to file appeal" No Valid Reason for condoning delay: ITAT

Income Tax Gross Collections for FY 2022-21 upto December 2022 are at Rs. 11,35, 754 crore, compared to Rs. 9,47,959 crore in the corresponding period of the preceding Financial Year i.e FY 2021-22, representing an increase of 19.81%.

Income Tax Gross Collections for FY 2022-21 upto December 2022

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