Income Tax : Understand the statutory time limits for issuing income-tax notices and completing assessments under the Income-tax Act. The guide...
Income Tax : Learn the updated provisions governing rectification, assessments, reassessments, and appeals under the Income-tax Act. This guide...
Income Tax : The Supreme Court has remitted reassessment cases for fresh consideration after the retrospective insertion of Section 147A, leavi...
Income Tax : Learn how different types of income tax assessments are conducted under the Income-tax Act. The FAQs explain assessment procedures...
Income Tax : This guide explains who is required to maintain books of account under Section 44AA based on business, profession, turnover, and i...
Income Tax : Learn about the new block assessment provisions for cases involving searches under section 132 and requisitions under section 132A...
Income Tax : Discover how Finance Act 2021 revamped assessment and reassessment procedures under Income-tax Act, impacting notices, time limits...
Income Tax : Income Tax Gazetted Officers’ Association requested CBDT to issue Clarification in respect of the judgement of Hon’ble Supreme...
Income Tax : In view of Indiscriminate notices by income Tax Department without allowing reasonable time it is requested to Finance Ministry an...
Income Tax : Lucknow CA Tax Practicioners Association has made a Representation to FM for Extension of Time Limit for Assessment cases time bar...
Income Tax : ITAT Mumbai quashed reassessment under Section 147, holding reopening on an issue examined in scrutiny amounted to a mere change o...
Income Tax : ITAT Pune upheld deletion of ₹6.20 crore addition and held reassessment under Section 147 invalid where seized search material r...
Income Tax : ITAT Pune allowed Section 80P(2)(d) deduction on interest from deposits with Cooperative Banks, following its earlier decisions in...
Income Tax : Section 148 Reassessment Notice Upheld for Failure to Fully Disclose Material Facts: Gujarat HC...
Income Tax : ITAT Delhi deleted a Section 69 addition based on Omaxe search material, holding third-party Excel data without cross-examination ...
Income Tax : ITAT Chandigarh held that ITO Ward-3(1), Chandigarh had no jurisdiction to issue notice to an NRI and hence consequently the asses...
Excise Duty : Notification No. 29/2024-Central Excise rescinds six 2022 excise notifications in the public interest, effective immediately. Deta...
Income Tax : Learn how to initiate proceedings under section 147 of the IT Act in e-Verification cases. Detailed instructions for Assessing Off...
Income Tax : Explore e-Verification Instruction No. 2 of 2024 from the Directorate of Income Tax (Systems). Detailed guidelines for AOs under I...
Income Tax : Supreme Court in the matter of Shri Ashish Agarwal, several representations were received asking for time-barring date of such cas...
Mumbai ITAT deleted a ₹1.62 crore Section 69A addition after finding the AO relied only on an investigation report without independent inquiry.
ITAT Jaipur deleted Section 271(1)(c) penalty after holding that voluntary disclosure of LTCG in a Section 148 return did not amount to concealment.
ITAT Pune condoned a 233-day delay, set aside dismissal for non-prosecution, and restored the appeal to CIT(A)/NFAC for fresh disposal after hearing.
ITAT Bangalore restored the Section 69A addition to the AO after holding the assessee lacked adequate opportunity to substantiate cash deposits.
ITAT Chennai remanded the Section 56(2)(x)(b) addition for fresh examination of DVO reference, condoned delay, and directed payment of ₹10,000 costs.
ITAT Mumbai quashed reassessment for approval under Section 151(ii) by the wrong authority and deleted penalties under Sections 270A and 271AAC.
ITAT Mumbai remanded a Section 69 addition for fresh verification of the claim that property investment came from husband’s gift funded by FD maturity proceeds.
ITAT Lucknow annulled Section 147 reassessment holding that cash deposits were examined in the original assessment and reopening amounted to a change of opinion.
ITAT Pune restored the appeal to CIT(A)/NFAC after accepting that the assessee’s medical condition prevented appearance, directing fresh adjudication with hearing.
ITAT Kolkata quashed Section 148 reassessment as time-barred and invalidated reopening for AY 2016-17 due to approval by an incompetent authority under Section 151.
