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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 upholds the deletion of a ₹9.84 crore addition, ruling that cash deposits during demonetisation were genuine sales. Suspicion cannot be substituted for evidence.
The ITAT Delhi deleted an addition for bogus purchases against Deepak Pawar. The tribunal ruled that since sales were accepted and purchases were supported by evidence, a profit estimation was invalid.
The ITAT Cochin confirmed a penalty under Section 271D for a taxpayer who accepted a large cash payment for property, ruling that ignorance of the law is not a reasonable cause.
The ITAT Delhi has deleted a ₹5.15 lakh tax addition for cash deposits during demonetization. The Tribunal ruled that the funds were explained by agricultural income and land sale proceeds.
ITAT Delhi has ruled in favor of Lucky Exports, confirming that commission to foreign agents is not ‘Fees for Technical Services’ and that legal fees for services rendered abroad are not taxable in India.
The ITAT Delhi has ruled that a charitable trust’s surplus funds kept in a current account with a scheduled bank qualify as a valid investment under Section 11(5) of the Income Tax Act, thereby allowing the trust’s exemption claim.
Delhi ITAT has quashed assessments for seven years, ruling that the approval granted under Section 153D was a mechanical and invalid sanction.
The ITAT Delhi has ruled that no penalty can be sustained on estimated income, deleting the penalty levied on an individual for discrepancies found in his Form 26AS.
ITAT Delhi quashes an assessment order for the Shilpi Sardana case, ruling that the Section 143(2) notice was invalid as it did not conform to the CBDT’s mandated format.
The ITAT Delhi has quashed the reassessment against Sonia Kapoor, ruling it invalid. The court found that because no addition was made on the initial reason for reopening, the entire process was void.
