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Direct Tax
Pr.CIT u/s 263 cannot substitute AO’s power to assess; Quashes second…
Holds deduction u/s 80P inadmissible in absence of claim in return of income
Indexation - Evolution & Implications
ITAT: Assessment order consistent with several precedents on Sec.54F; Quashes revision…
Taxsutra Expert Column: Tax Deductibility of Foreign Taxes – A Decision in the Right Direction
Taxsutra News Digest : Govt. favours taxing cryptocurrency trades; U.S. House Democrats seek corporate, wealthy tax hikes for $3.5 trillion plan
ITAT: Holds deduction u/s 80P inadmissible in absence of claim in return of income
Taxsutra Special - Around the Globe: Italian SC holds, realtor's gains from immovable property transactions taxable as business income, not capital gains
FC: Italian SC holds, realtor's gains from immovable property transactions…
CBDT prescribes income-tax authority for serving notice u/s 142(1)(i)
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