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Income Tax Law Updates Case Laws/Judgement: Reji Easow Vs Income Tax Officer (ITAT Mumbai) Order dated 08-03-2022 Hon’ble ITAT Mumbai held that for claiming exemption under section 54 Date on which possession is by the Assessee  should be taken as the date of purchase and … Continue Reading →

Income Tax Law Updates Notification/Circulars: Notification No. 14/2022 dated 03rd March, 2022 The Central Government approves ‘Sri Shankara Cancer Foundation, Bangalore (PAN: AAHTS5593F)’ under the category of ‘University, College or other institution’ for Scientific Research for the purposes of clause (ii) of sub-section (1) of … Continue Reading →

Goods and Services Tax Law Updates: AAR/Case Laws/Judgements Rajasthan  Amnesty Scheme-2022 Government of Rajasthan in its State Budget 2022 vide Notification dated 23-02-2022 notify ‘Amnesty Scheme-2022′, as the scheme, for rebate of tax and settlement of outstanding demands and disputed amounts. This scheme shall … Continue Reading →

Income Tax Law Updates: Notification/Circulars Income Tax Circular No. 3/2022 dated 03-02-2022 CBDT Clarification regarding the Most-Favoured-Nation (MFN) clause in the Protocol to India’s DTAAs with certain countries- Reg Goods and Services Tax Law Updates: AAR/Case Laws/Judgements Commissioner of Central Tax Vs. Yahoo Services Development … Continue Reading →

Income Tax Law Updates: Notification/Circulars Notification No. 6/2022 F. No. 370142/60/2021-TPL dated 14-01-2022 Computation of exempt income of specified fund, attributable to the investment division of an offshore banking unit, for the purposes of clause (4D) of section 10 of the Act- Notification No. 3 … Continue Reading →