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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 Tribunal held that failure to issue a jurisdictional transfer order under Section 127 invalidates the assessment. It ruled tha...
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 : 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...
ITAT Pune ruled that interest from deposits in cooperative banks is eligible for deduction under Section 80P of Income Tax Act, treating them as cooperative societies.
The Jammu & Kashmir High Court ruled against the imposition of a penalty on Reliance Jio for bypassing a commercial check post, stating the Entry Tax Act lacks a specific provision for such an offense.
The ITAT Kolkata has ruled that a ₹4.20 crore addition made under Section 143(1) is invalid because the tax authorities failed to issue a prior show cause notice.
What counts as “being in business” in India? When does advisory work cross the line into a taxable presence? The Hyatt International ruling is more than just another tax dispute. It is a clear reminder that in international taxation, substance prevails over form. The Supreme Court upheld the Delhi High Court’s finding that Hyatt International […]
ITAT Ahmedabad has removed a Rs. 52.91 lakh tax addition on a land purchase, citing unreliable evidence from a draft Memorandum of Understanding (MOU).
ITAT Nagpur sets aside an ex-parte CIT(A) order for assessment year 2017-18, imposing Rs. 10,000 cost on the assessee for chronic procedural delays and non-compliance.
Mumbai ITAT deletes income additions for Asha Bhadra in penny stock case, citing SEBI report and judicial precedents confirming genuine share transactions.
Delhi High Court directs acceptance of Acuity KP Solutions’ tax return and refund, citing time-barred assessment proceedings after ITAT’s 2012 remand order.
The ITAT Mumbai has ruled in the case of Dhiren Ramanlal Shah vs. ITO, allowing an individual partner to carry forward losses and get relief from late fees. The ruling hinges on the fact that the partner’s firm had to file an audit report, extending the partner’s own filing deadline.
Mumbai ITAT sets aside PCIT’s revisionary order against Johar Hasan Zojwalla, ruling that jurisdiction was wrongly assumed due to a factual error in the assessment year.
