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Income Tax : Transporters can avoid TDS deduction by submitting a declaration confirming ownership of not more than ten goods vehicles. The key...
Income Tax : Highlights that selecting the incorrect portal tab can lead to data mismatches and filing errors. Emphasizes the need to use the c...
Income Tax : Explains how commission-driven incentives in banks lead to mis-selling of financial products. Highlights the need for structural r...
Income Tax : ITAT held that additions based solely on third-party search material without independent evidence or cross-examination are invalid...
Income Tax : A new digital framework is suggested to replace manual Form 121 processes and streamline TDS exemption declarations. The proposal ...
Income Tax : The tax department clarified that no search or restriction was carried out against the individual. It termed the allegations basel...
Income Tax : The issue concerns massive backlog in ITAT caused by unfilled positions and delayed appointments. The intervention highlights that...
Income Tax : The audit found widespread incorrect claims of deductions for bad debts and reserves. It highlights the need for stricter verifica...
Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...
Income Tax : A representation seeks doubling the SMC threshold due to inflation and higher dispute values. The key takeaway is that increasing ...
Income Tax : The Supreme Court declined to condone delay, thereby upholding the High Court’s conclusion that the liaison office did not const...
Income Tax : The judgment confirms that income from offshore equipment supply is not taxable where transactions occur outside India. The liaiso...
Income Tax : The Tribunal held that lack of awareness of the assessment order and limited knowledge of tax law constituted sufficient cause for...
Income Tax : The Tribunal confirmed addition of unexplained investments where the assessee could not substantiate the source of deposits. The r...
Income Tax : The Tribunal held that wage arrears arising from pay revision constitute an accrued liability from the effective date. The provisi...
Income Tax : A corrigendum fixes multiple drafting and referencing mistakes in income tax rules. The update ensures clarity without altering su...
Income Tax : The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption compliance...
Income Tax : CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and ...
Income Tax : The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoo...
Income Tax : CBDT corrected multiple clerical and structural errors across income tax return schedules. The changes ensure accurate reporting a...
The Delhi ITAT has dismissed an appeal from Edynamics Solutions, upholding the taxation of large-scale banking transactions, and rejecting the claim of a 2% commission.
The ITAT has deleted transfer pricing adjustments for Avaada group companies, ruling that Section 115BAB doesn’t apply to pre-operative businesses with no taxable income.
The Delhi ITAT has ruled that an income enhancement by a CIT(A) is illegal if done without a mandatory notice under Section 251. The Tribunal set aside the order and restored the original assessment.
ITAT Bangalore sets aside tax demand of ₹7.29 crore on a rural co-op society, citing its inability to explain a ₹4.63 crore cash deposit due to a negligent tax practitioner.
The ITAT has quashed an income tax assessment against Dinesh Kumar Jain, ruling that a mere code name, “Thekedar,” in seized data was not enough to prove unaccounted income without corroborative evidence.
Know who is liable to pay advance tax, how to compute it, due dates for instalments, exemptions, and payment methods under the Income Tax Act.
The ITAT quashed a final assessment order against a company that no longer existed due to amalgamation, ruling the order void despite departmental knowledge of the merger.
The ITAT quashed an assessment against Karan Motors, ruling it was void because the Income Tax Department failed to prove the ACIT’s jurisdiction to act as the Assessing Officer.
The ITAT Delhi has directed the tax department to apply the 22% concessional tax rate to Kworks Technologies, citing a procedural lapse in late filing of a tax form.
ITAT Jaipur provides relief to Sharad Kumar Choradia. Though seized records prove bro-kerage, the court remands the case, ordering a realistic re-evaluation of income and a deduction for expenses.
