#section 44AB
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896 articlesIncome Tax
Income Tax
ITAT Kolkata Reduces Profit Estimation to 4% Due to Lack of Comparable Basis
Company Law
Company Law
Audit Exemption: Alarming Risk Signals for CA Profession
Income Tax
Income Tax
ITAT Mumbai rejects 8% estimation for non-audit u/s 44AB; adopts 2.5% profit based on assessee’s offer
Income Tax
Income Tax
Form 10B Delay Condoned – Exemption U/s 11 Cannot Be Denied for Procedural Lapse
Income Tax
Income Tax
ITAT Pune Upholds Estimation of Profit @8% When Assessee Fails to Prove Purchases & Creditors
Income Tax
Income Tax
ITAT Chennai Deletes Demonetisation Addition – Cash Deposits from Recorded Business Receipts Cannot Be Taxed u/s 69
Income Tax
Income Tax
Bogus Purchase Addition Deleted – Suspicion from STR Report Insufficient When Purchases Supported by Evidence
Income Tax
Income Tax
Reassessment Quashed – Mechanical Approval U/s 151 Based on Wrong Fact that Assessee Was a Non-Filer
Income Tax
Income Tax
Sec 68 Addition on Opening Loans Deleted; Interest & Salary Allowed – ITAT Bangalore
Income Tax
Income Tax
ITAT Deletes Section 68 Addition Because Assessee Not Required to Prove Source of Source
Income Tax
Income Tax
Computer-Generated Return Rejection Quashed; HC Directs Review of ₹10 Crore Tax Audit Threshold Issue
Income Tax
Income Tax
Bogus Purchase Addition Quashed as GST Records Proved Genuineness: ITAT Lucknow
Income Tax
Income Tax
Unsecured Loan Addition U/s 68 Deleted; Banking Repayment & Identity Proved, No Need to Prove Source of Source – ITAT Ahmedabad
Income Tax
Income Tax
