Scrutiny assessment which is mainly governed by Section 143 of IT Act is in-depth process used by tax officers to ensure accuracy and compliance in a assessee’s return filled. It is not like regular assessment processes scrutiny assessments involve detail examination of assessee’s financial submission, claim, deductions, & overall tax liability as disclosed in return […]
Learn the key reasons for receiving an income tax notice, types of notices, and strategies to ensure compliance, including understanding new data scrutiny practices.
Finance Act, 2023, has inserted section 43B(h) to facilitate timely payments to MSMEs by withholding deduction on account of delayed payments beyond prescribed timelines under the MSMED Act.
Explore key ITAT decisions on TCS, TDS credit, and warranty provisions in Ahmedabad, clarifying tax compliance and procedural requirements.
Recent Chennai ITAT decisions address unexplained income, underreporting, and penalties under Sections 69A, 68, 270A, and 271. Key cases provide insights into tax disputes.
Explore Rajkot ITAT rulings on tax treaties, business expenses, excess stock, and reassessment under IT laws. Case studies include Atlantic Shipping, Saurashtra Cement & more.
Explore important tax rulings from the Nagpur ITAT, covering penalties, reassessment, TDS disallowance, and gratuity exemptions in four significant cases.
Analysis of key tax rulings by ITAT Mumbai covering turnover discrepancies, capital loss classification, FTC claims, and compensation during redevelopment.
Explore key tax rulings from Kolkata ITAT, covering Section 50C, deemed dividends, and tax rate implications under Section 115BAA in this insightful analysis.
Explore crucial recent tribunal rulings in income tax cases, highlighting implications and key takeaways for taxpayers and legal professionals.