Agra ITAT directs the AO to tax a private family trust at normal rates, not the MMR, after finding the trust’s incorrect tax form was a bona fide error.
Delhi ITAT reduces a Rs.3.50 Cr bogus creditor addition to Rs.45 lakh, ruling that purchases were genuine despite suspicious cash payments to unverified parties.
Delhi ITAT sets aside a reassessment order against Jaivir, ruling that the AO’s use of a repealed section (147(a)) shows a lack of application of mind, rendering the notice
The ITAT Delhi has ruled that PCIT’s Section 263 revision orders against Ambience Developers were invalid. The Tribunal found the AO’s assessment orders were neither erroneous nor prejudicial to revenue, citing consistency and proper inquiry.
Delhi ITAT rules in favor of Humana People to People India, confirming its microfinance activities are charitable and eligible for tax exemptions.
Delhi ITAT rules in favor of Sai Man Education Society, deleting a Rs.26 lakh tax addition on a corpus donation and clarifying the application of Section 115BBE.
Understanding the difference between legal tax avoidance and illegal tax evasion in India, including their implications and measures to curb them.
Understand your rights during tax surveys and searches under Sections 133, 133A, and 132 of the Income-Tax Act, 1961, with insights on statutory and constitutional safeguards.
Under India’s earlier service tax regime, legal services initially enjoyed complete exemption from taxation. This position changed with the enactment of the Finance (No. 2) Act, 2009, which brought legal consultancy services within the ambit of service tax by inserting a provision under Section 65(105) of the Finance Act, 1994.
A guide for tax professionals on how to respond to a Section 131 income tax notice, covering legal procedures, best practices, and avoiding penalties.
