The ITAT Bangalore has deleted a ₹27 lakh addition to a wife’s income, ruling it was double taxation as her husband had already declared the full capital gains.
Mumbai ITAT rules 10% tolerance limit under Section 50C is retrospective from 2003, deleting an addition. It also allows deduction for stamp duty paid by seller.
Cochin ITAT remanded ₹25 lakh addition, holding CIT(A) erred by invoking Section 68 without notice. Matter sent back for fresh adjudication after hearing assessee.
India has replaced the 68-year-old Income-tax Act, 1961 with a new law. Learn about the key changes, including simplified provisions and a digital-first approach.
Learn about the process of deducting and claiming TDS on Google Ads payments in India. Understand key rules, deadlines, and the steps to get ad credits.
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The RBI has released new co-lending guidelines, repealing the 2020 framework. The updated rules remove CLM-2, introduce a 10% minimum share, and extend DLG.
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A guide on how Chartered Accountants can use AI for tax, audit, and finance. It covers practical applications, a technical framework, and numerical examples.
Delhi High Court ruled that a penalty under Section 271E was time-barred, clarifying that limitation period begins with Assessing Officer’s initiation.
