🏡 Hiten Tulshibhai Engineer vs. ITO – ITAT Ahmedabad on Sale of Agricultural Land Used for Industrial Purposes (2024) 📌 Background The classification of land for capital gains taxation has caused frequent litigation. However, the ruling in the case of Hiten Tulshibhai Engineer v. ITO clarifies that what matters is the nature of the land […]
🌾 Nataraj Ramaiah vs. ITO – ITAT Chennai on Sale of Agricultural Land Beyond Municipal Limits (2024) 📌 Background The taxation of capital gains arising from the sale of agricultural land under Section 2(14)(iii) of the Income-tax Act, 1961 has been a recurring issue, particularly in cases where urban expansion blurs the distinction between rural […]
Avtar Singh v. ITO (2024) 230 TTJ 506 239 DTR 113 🏡 Avtar Singh vs. ITO – ITAT Chandigarh on Sale of Agricultural Land Beyond Municipal Limits (2024) 📌 Background The classification of agricultural land as a capital asset under Section 2(14)(iii) of the Income-tax Act, 1961 has always been a contentious issue. The key […]
🧾 LGW Industries Ltd. vs. Union of India (2022) – Calcutta High Court on ITC Denial Due to Non-Existent Suppliers 📌 Background The judgment in LGW Industries Ltd. vs. Union of India [(2022) 134 Taxmann.com 42 (Calcutta High Court)] deals with a recurring and critical issue under the GST regime — denial of Input Tax […]
🧾 Income Tax Refund 2025 Income Tax Refund in India: Complete Guide to Process, Status & Reissue (2025) An income tax refund arises when the total tax paid by a taxpayer — through TDS (Tax Deducted at Source), advance tax, or self-assessment tax — exceeds the final tax liability determined at the time of filing […]
PAN and TAN Explained (2025) The Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) are vital identifiers under the Income-tax Act, 1961, enabling smooth tax administration in India.This comprehensive guide explains their meaning, purpose, structure, application process, online verification, and compliance tips — essential for every taxpayer, business, and professional. 1. […]
Taxation of Digital Transactions in India: The digital revolution has completely changed how businesses operate today. From groceries to gadgets, almost everything can be bought or sold online. Whether it’s a local seller listing products on Amazon, a freelancer providing services through digital platforms, or a company selling software online — all of these are […]
In the interconnected global economy, Base Erosion and Profit Shifting (BEPS) has emerged as a critical challenge to tax fairness and fiscal integrity.BEPS Explained: It refers to tax planning strategies that exploit gaps and mismatches between tax systems to shift profits to low or no-tax jurisdictions, thereby eroding the tax base of higher-tax economies. To […]
Every year, lakhs of salaried individuals rush to file their Income Tax Returns (ITRs)—some using DIY portals, others taking help from friends or part-time agents. But here’s the hard truth: even a single mistake can cost you penalties, interest, or scrutiny notices from the Income Tax Department. That’s where CAbulalo.com steps in to take the […]
Smart Tax Planning for Salaried Employees – A Complete Guide (AY 2025–26) In today’s financial landscape, salaried employees and tax planning go hand in hand. If you’re a salaried professional in India, effective tax planning can help you minimize tax liability, maximize savings, and ensure financial security. With the Finance Act 2023 introducing changes like […]
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