Income tax cases in india

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August undefined, 2024

WebApr 11, 2024 · News India Income tax searches at cooperative banks in Karnataka over tax evasion. ... Delhi logs 980 new Covid cases, positivity rate at 26%. From 'BJP can take … WebSelect Case Studies Government and Public Sector Consulting India 2014. 2 Select Case Studies ... in India, which involved a massive re-engineering exercise across all aspects of People, Process, and Technology. ... PwC supported the Income Tax Department in re-engineering its income tax filing system, by introducing a relevant mix of ...

Income tax searches at cooperative banks in Karnataka over tax …

WebJan 5, 2024 · Thus, it was held that the applicant’s income is taxable in India as business profit in both the previous year’s 2010-11 and 2011-12. 4. Benefit of MFN clause available from the date when a country becomes a member of OECD; HC allows lower withholding tax on dividend. Case Details: Concentrix Services Netherlands B.V. v. Income Tax Officer ... WebMar 20, 2024 · The case of Jain Brothers v. Union of India, analyses the constitutional validity of double taxation in India. Jain brothers was a firm having its business in the state of New Delhi. A notice for accounting year 1960-61 was served to the firm, under Section 22 (2) of the Income Tax Act, 1922 as they had not filed their return in time. how to restore turbotax files

INCOME TAX CASE - The Economic Times

WebTax Management India. Com Law and Practice : Digital eBook Research is most exciting & rewarding Web51 rows · prakash krishnavtar bhardwaj v. income tax officer: assessee 148,148a,292b, 2024, 2024 itl 25: del-trib : itat delhi: godwin construction (p) ltd. v. assistant commissioner of income tax: 68,69, 2024, 2024 itl 20: bom hc : bombay high court: clear media (india) … More than Rs. 40,700 crore sanctioned to over 1,80,630 accounts under Stand-Up … WebMar 24, 2024 · In February, 2024, a total of 1,07,308 public grievances (PG) cases were received on the CPGRAMS portal, 1,09,976 PG cases were redressed and there exists a pendency of 65,215 PG cases, as of 25th February, 2024, a statement issued on Friday by the personnel ministry said. 03 Mar, 2024, 09:09 PM IST northeastern laundry

Tax Avoidance and Tax Evasion: The Indian Case

Income Tax - IT Returns, e-Filing & Tax Slab for FY 2024-24

Web2 days ago · Apr 13 2024, 11:37 ist. updated: Apr 13 2024, 11:38 ist. The Enforcement Directorate (ED) has registered a FEMA case against BBC India for alleged foreign exchange violation, reported PTI quoting ... WebFeb 15, 2024 · Between Rs. 50 Lakh to Rs. 1 Crore – A surcharge of 10% of the income tax has to be paid as well. Between Rs. 1 Crore to Rs. 2 Crore – A surcharge of 15% of the income tax has to be paid as well. Between Rs. 2 Crore to Rs. 5 Crore – A surcharge of 25% of the income tax has to be paid as well. northeastern law 509 abaWeb15 hours ago · 274. 2015 Amendment To Section 153C Of Income Tax Act Will Apply To Searches Conducted Prior To Date Of Amendment : Supreme Court Income Tax Officer vs Vikram Sujitkumar Bhatia and 114 connected cases. Citation : 2024 LiveLaw (SC) 274. 15 Apr 2024 14:25:26 northeastern law certificate programs

"WebIn India, the first Income Tax Act was introduced in 1860. It was implied by James Wilson to overcome heavy losses suffered by the British Government due to India's freedom … " - Income tax cases in india

Income tax cases in india

25 Key Income-tax Case Laws of the Year 2024

WebIn the financial year (April-March) 1973–74, tne highest rate of income tax on incomes beyond Rs 200,000 was 85 per cent. In addition, 15 per cent surcharge on income tax was also to be paid. As such, the marginal rate of tax (income tax plus surcharge) in such cases was 97.75 per cent. 10 WebDec 23, 2024 · The Income Tax authorities then contented that Cairn UK had made capital gains and slapped it with a tax demand of Rs 24,500 crore. Owing to different interpretations of capital gains, the company refused to pay the tax, which prompted cases being filed at the Income Tax Appellate Tribunal (ITAT) and the High Court.

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WebDec 20, 2024 · Resident individuals are eligible for a tax rebate of the lower of the income-tax or INR 12,500 where the total income does not exceed INR 500,000. COVID-19 reliefs … WebMar 2, 2024 · An economic interest is possessed in every case in which the taxpayer has acquired by investment any interest in mineral in place or standing timber and secures, by any form of legal relationship, income derived from the extraction of the mineral or severance of the timber, to which he must look for a return of his capital.

WebNov 4, 2016 · Chairman, Income Tax Settlement Commission [W.P. (C) No. 2939 of 2014, dated : 05-12-2014], Bench : Vibhu Bakhru, J. Short Gist Case Law Naresh Trehan v. … WebDec 20, 2024 · However, dividend income in excess of INR 1 million was chargeable to tax in the case of an individual, HUF, or a firm that is a resident in India at the rate of 10%. Also, dividend income received from an SEBI-registered Indian mutual fund was not taxable in the hands of recipient.

WebMar 22, 2024 · 1 2024 SCC OnLine SC 159. 2 (2012) 345 ITR 494. 3 (2012) 343 ITR 1 (AAR). 4 Some of the significant Delhi High Court’s decisions being appealed include Director of … WebReduction in MAT rate: In order to provide relief to the companies which continue to avail exemption/deduction and pay tax under MAT, the rate of MAT has also been reduced …

WebNov 18, 2024 · Residential status of an individual for tax purposes is usually based on the period of stay in India during a financial year. Residency rule under the income tax law requires an individual to be present in India during the relevant year for a minimum of 182 days to qualify as a resident. Further, in certain cases even presence in India for a …

Web2 days ago · The case comes months after the Income Tax department’s ‘survey’ for three days at BBC India offices in New Delhi and Mumbai in February. Written by India News Desk Updated: April 13, 2024 ... northeastern law calendarWeb2 days ago · ED steps in to register FEMA case against BBC’s India. After the Income Tax raid, the Enforcement Directorate (ED) also registered a case on foreign exchange … northeastern lawWebJan 6, 2024 · Site designed, hosted by Income Tax Appellate Tribunal, Department of Legal Affairs, Ministry of Law & Justice, Government of India. Content Owned, Updated and … northeastern law review northeastern law rankingWebMar 14, 2024 · The Income Tax (I-T) department has begun the process of reopening old assessments, albeit with a difference this year. The new rule, which came into effect from 2024-22, is simple: till the machine throws up a name, the taxman's hands are tied - unlike before when he could slap notice to reopen a past tax assessment as long as there was … northeastern law asaWebNil tax, upto income Rs. 7 Lakhs (After Rebate U/S 87A) 2. Six Income sla EPS 95- Procedure to Apply Online for Higher Pension 1. The Employees’ Provident Fund Organization (EPFO) vide circular dated 20.02.2024 has laid down the detailed guidelines on the eligibility of employees for higher pensions, the documents required, and the application proc northeastern law class profileWebMar 1, 2024 · The Constitutional Courts (made up of 24 High Courts and the Supreme Court of India), have also set out several judicial precedents for resolving tax disputes in the country. As per the recent Economic Survey 2024-2024, the pending cases were as follows: Before the Supreme Court, up to 9,300 cases amounting to nearly US$45 billion. northeastern law school application