Rising medical costs and low coverage make health insurance critical. Learn how modern plans protect your finances while offering tax benefits under Section 80D.
The Tribunal allowed withdrawal after noting that the case was already remanded under section 251(1)(a). The once a matter is reopened before the AO, the assessee may abandon the pending appeal.
Stay compliant this December with key Income Tax and GST due dates. Learn the deadlines for TDS, Advance Tax, GSTR-1, GSTR-3B, and GSTR-9/9C to prevent penalties and interest.
The Act mandates registration, social security benefits, and grievance redressal for gig workers, aiming to formalize the digital platform economy while protecting workers rights.
The 2025 Act introduces compulsory tax audit for businesses declaring profits below 6% or 8% of turnover. The shift eliminates the earlier opt-out condition, expanding audit applicability from 2026-27.
The High Court held that GST demands cannot exceed the quantum stated in the show cause notice. Confirming nearly triple the SCN amount without fresh notice violated Section 75(7) and natural justice, leading to complete quashing of the order.
The Tribunal held that the assessee cannot suffer due to the AO’s inaction under section 270AA(4), directing grant of immunity and cancelling the 270A penalty.
The Tribunal ruled that additions based on third-party search without giving the assessee a chance to examine evidence violated natural justice, deleting ₹2.04 Cr and ₹64.11 Lakh for AY 2018-19 & 2019-20.
The Tribunal held that the assessee’s delayed filing was bona fide due to disputes and legal ambiguities, and the declared income was fully accepted. No penalty under Section 270A was warranted.
ITAT confirmed that External Development Charges paid to HUDA constitute payment for work, making TDS deduction mandatory and sustaining the demand under sections 201(1) and 201(1A).
