Monthly Archives: April 2023

SC ruling on ‘Incriminating material’ in block assessments us 153A-153C

Posted on April 25, 2023

Hon’ble Supreme Court in the case of PCIT vs Abhisar Buildwell P. Ltd. [Civil Appeal No. 6580 of 2021] dated 24.04.2023 upholds the ratio of Hon’ble Delhi High Court’s ruling in Kabul Chawla [(2016) 380 ITR 573] and Hon’ble Gujarat … Continue reading →

Posted in Direct Tax |

CBDT clarifies Employer’s TDS obligation under New ‘default’ Tax Regime us 115BAC

Posted on April 6, 2023

CBDT vide Circular No. 4/2023 dated 5th April, 2023 has issued clarifications regarding employer’s liability w.r.t. TDS on salary in the light of new default personal tax regime introduced by the Finance Act, 2023 u/s 115BAC(1A). CBDT has issued the … Continue reading →

Posted in Direct Tax |