Dive into intricate world of tax planning, avoidance, and evasion. Learn about strategies, legal perspectives, and notable case laws. Stay informed and navigate tax complexities effectively.
Explore the intricacies of Income Tax Section 41, covering allowances, deductions, and financial transactions. Real-world examples illustrate the nuances of Section 41(1) to Section 41(5), offering clarity for businesses and professionals.
Explore Section 68 of the Income Tax Act with our comprehensive guide on cash credits. Learn about its purpose, scope, and legal framework, backed by judicial precedents. Understand the significance of providing clear explanations for unexplained cash credits, supported by documentation and due diligence
Explore the intricacies of Section 263 of the Income Tax Act, 1961. Learn how it rectifies erroneous orders and safeguards revenue interests. Recent case laws discussed.
Discover 10 significant income tax judgments where the assessee emerged victorious. Explore the impact of recent High Court rulings in India.
bogus purchases is a arisen, there has not been a consistent approach of different courts, as facts are not found similar in such cases.
Understand the critical role of the initial enquiry under Section 148A(a) for taxpayer protection in income tax assessments. Explore the significance of the initial enquiry in gathering relevant information, ensuring a reasonable basis, and providing the assessee an opportunity to explain. Learn from recent court decisions, such as CIT v. Ravindra Kumar Jain and CIT v. Pradeep Kumar Gupta, emphasizing the importance of credible and reliable evidence before issuing orders under Section 148A(d). Stay informed to protect your rights and navigate the assessment reopening process effectively.
Explore the importance of Document Identification Number (DIN) in Income Tax Notices in India, how it enhances tax administration, its legal implications, and recent judicial pronouncements concerning DIN validity.
In the realm of taxation, legal absurdities occasionally surface, leaving individuals puzzled by the intricacies of the law. One such perplexing scenario arises when income tax notices are issued to deceased individuals. Common sense suggests that the deceased should be exempt from such obligations, but the legal implications surrounding this issue can be surprisingly complex.
In the realm of income tax proceedings, the show cause notice plays a vital role in preserving procedural fairness. This article delves into the importance of the show cause notice, addressing key questions surrounding its necessity and implications in the context of the Income Tax Act.
