ITAT Cochin confirms ₹1.05 Cr cash deposit addition for AY 2017-18. Assessee failed to explain source from fish sales, and new evidence was rejected as belated.
SEBI mandates Verified UPI Handles from Oct 2025 to secure Indian capital markets. Intermediaries must use authenticated payment channels to prevent investment fraud.
A key area of contention has been whether cost incurred for purchase of land or commencement of construction before date of transfer of original asset is eligible for section 54F exemption
ITAT Cochin rules in favor of assessee Chemangattu Jose John, deleting Section 69A addition related to property sale consideration discrepancy, citing transparent bank receipts.
Learn about the significant changes to Indian income tax refund processing effective April 1, 2024, impacting both residents and NRIs. Understand why pending liabilities or compliance issues can now delay or block your refund, and get a step-by-step guide for NRIs to ensure timely refunds.
NBFC business is really taking off these days, and a lot of new players have jumped in. Many have gotten their approval from RBI and Certificate of Registration (CoR) to start operating as NBFCs.
Learn how to e-file your ITR for FY 2024–25. Know the required documents, correct ITR forms, deadlines, and step-by-step instructions. File correctly and on time.
ITAT Lucknow held that commission earned by Cane Development Councils or Cooperative Cane Development Unions from sugar mills on supply of sugar cane is business income and hence eligible for deduction under section 80P of the Income Tax Act.
ITAT Ahmedabad held that disallowance under section 14A of the Income Tax Act is called off in absence of any exempt income earned/ claimed. Thus, appeal of the assessee allowed and disallowance u/s. 14A set aside.
Section 129 of Central Goods and Services Tax Act, 2017, empowers tax authorities to detain goods and vehicles and impose penalties when discrepancies are found.
