Income from Other Sources

Income Tax

Received Dividend, Loan, or Buyback Proceeds? Decode Deemed Dividend Under Section 2(22) with Practical Examples | Biz Flow Kit
Byadmin June 29, 2026

Received Dividend, Loan, or Buyback Proceeds? Decode Deemed Dividend Under Section 2(22) with Practical Examples Have you received Dividend or something else from company during the year? & don’t know about the tax treatment of certain transactions done by company towards its share-holders for distributing the profits via different ways. Then this article is for…

Read More Received Dividend, Loan, or Buyback Proceeds? Decode Deemed Dividend Under Section 2(22) with Practical Examples | Biz Flow Kit
Income Tax

ITAT Remands Addition Made on Property Purchase Value Difference And Directs Fresh Examination of the Addition under Section 56(2)(x) | Biz Flow Kit
Byadmin June 25, 2026

ITAT Remands Addition Made on Property Purchase Value Difference And Directs Fresh Examination of the Addition under Section 56(2)(x) The Income Tax Appellate Tribunal (ITAT), Ahmedabad, has directed a fresh examination of the addition under Section 56(2)(x) and upheld the disallowance of the deduction claimed under Section 80GGC in respect of a donation made to…

Read More ITAT Remands Addition Made on Property Purchase Value Difference And Directs Fresh Examination of the Addition under Section 56(2)(x) | Biz Flow Kit
Income Tax

US SEC whistleblower Reward Payment Taxable under Income Tax: ITAT | Biz Flow Kit
Byadmin May 16, 2026

US SEC whistleblower Reward Payment Taxable under Income Tax: ITAT The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) on 14 May 2026 held that a whistleblower reward received by an Indian resident from the United States Securities and Exchange Commission (US SEC) for exposing corporate bribery and corruption is taxable in India under…

Read More US SEC whistleblower Reward Payment Taxable under Income Tax: ITAT | Biz Flow Kit
Income Tax

Appellate Tribunal Allows Deduction to 120-Year-Old Jain Religious Society; Ad-Hoc Disallowance Quashed | Biz Flow Kit
Byadmin February 22, 2026

Appellate Tribunal Allows Deduction to 120-Year-Old Jain Religious Society; Ad-Hoc Disallowance Quashed Intazamiya Kameti Shri Hastinapur Teerth, a religious society managing Jain temples at Hastinapur, derived income mainly from voluntary contributions and interest. For AY 2022–23 and AY 2023–24, it claimed expenditure under Section 57(iii) against such income. The Assessing Officer disallowed 30% of expenditure…

Read More Appellate Tribunal Allows Deduction to 120-Year-Old Jain Religious Society; Ad-Hoc Disallowance Quashed | Biz Flow Kit