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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...
Calcutta High Court quashed Section 148/148A notices and orders for A.Y. 2020-21, noting that the assessing officer issued notices in the name of deceased Chiranjilal Agarwala instead of the legal heir, making the proceedings unsustainable.
The Bombay High Court quashed income tax notices issued to a man who died in 2016. The court ruled that tax notices and proceedings against a deceased person are non-est and void from the beginning.
The ITAT Delhi has restored an appeal by Mehinder Sharma, previously dismissed by the NFAC for non-compliance, granting a final opportunity to present his case.
ITAT Pune has granted a fresh hearing to an assessee, citing notices sent to a wrong email ID, allowing him to explain cash deposits and property purchases.
The ITAT Ahmedabad has remanded a penalty case for Co.op Credit Society, directing the AO to pass a new order only after the related quantum appeal is finalized.
ITAT Mumbai dismissed Revenue’s appeal, upholding deletion of a Rs. 16 lakh penalty against Micro Plantea Limited due to a lack of incriminating material in a search assessment.
ITAT Chandigarh partly allows Sky AMA Infra appeal: confirms Sec 14A disallowance for normal income but deletes MAT adjustment citing Vireet Investments precedent.
ITAT Surat sets aside an ex-parte order, mandating a fresh hearing for Anupam Syal on a ₹11 lakh tax addition. The ruling emphasizes natural justice and procedural fairness.
The Patna ITAT holds that Section 69 applies even without books of account, but remands a case for fresh verification after the assessee provided new evidence of earlier cash payments.
ITAT Raipur has ruled that a CIT(A) cannot dismiss an appeal in limine due to delay, emphasizing that cases must be decided on their merits after proper inquiry.
