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3,627 articles
Income TaxGujarat HC Upholds 25% Disallowance for Bogus Purchases
Income Tax

Gujarat HC Upholds 25% Disallowance for Bogus Purchases

CA Sandeep Kanoi11 months ago
Income TaxITAT Delhi Deletes Penalty for Non-Compliance Where Notice Not Served on NRI
Income Tax

ITAT Delhi Deletes Penalty for Non-Compliance Where Notice Not Served on NRI

CA Vijayakumar Shetty11 months ago
Income TaxITAT Mumbai Reduces 100% Bogus Purchase Addition to Nominal GP Difference
Income Tax

ITAT Mumbai Reduces 100% Bogus Purchase Addition to Nominal GP Difference

CA Sandeep Kanoi11 months ago
Income TaxNo Question of Law in GP Estimation: Bombay HC
Income Tax

No Question of Law in GP Estimation: Bombay HC

CA Sandeep Kanoi11 months ago
Income TaxBlack Money Act Penalty Discretionary, Not Mandatory: ITAT Mumbai 
Income Tax

Black Money Act Penalty Discretionary, Not Mandatory: ITAT Mumbai 

CA Sandeep Kanoi11 months ago
Income TaxSubsequent SC Ruling Not Grounds for ITAT Rectification: Bombay HC
Income Tax

Subsequent SC Ruling Not Grounds for ITAT Rectification: Bombay HC

CA Sandeep Kanoi11 months ago
Goods and Services TaxGauhati HC Grants Bail to Accused in Rs. 3 Crore GST Fraud Case; Arrest Procedure Questioned
Goods and Services Tax

Gauhati HC Grants Bail to Accused in Rs. 3 Crore GST Fraud Case; Arrest Procedure Questioned

CA Sandeep Kanoi11 months ago
Income TaxGifts from Sisters Held Genuine – Section 68 Can’t Tax Natural Love and Affection
Income Tax

Gifts from Sisters Held Genuine – Section 68 Can’t Tax Natural Love and Affection

CA Vijayakumar Shetty11 months ago
Income TaxSuspicion Cannot Replace Proof: ITAT Mumbai Quashes ₹5.10 Cr Demonetisation Addition
Income Tax

Suspicion Cannot Replace Proof: ITAT Mumbai Quashes ₹5.10 Cr Demonetisation Addition

CA Vijayakumar Shetty11 months ago
Corporate LawReopening Based on IDS Disclosure Invalid: Bombay HC Slams Revenue for “Abuse of Power”
Corporate Law

Reopening Based on IDS Disclosure Invalid: Bombay HC Slams Revenue for “Abuse of Power”

CA Vijayakumar Shetty11 months ago
Income TaxCommon 153D Approval for 14 Years Held Void – ITAT Quashes Entire Block of Assessments
Income Tax

Common 153D Approval for 14 Years Held Void – ITAT Quashes Entire Block of Assessments

CA Vijayakumar Shetty11 months ago
Income TaxThird-Party Documents Deemed Dumb: ITAT Quashes ₹1.5 Crore Addition on Unsigned Jottings
Income Tax

Third-Party Documents Deemed Dumb: ITAT Quashes ₹1.5 Crore Addition on Unsigned Jottings

CA Vijayakumar Shetty11 months ago
Income TaxStock Exchange Margin Penalties Fully Deductible, ITAT Allows ₹1.22 Cr Claim
Income Tax

Stock Exchange Margin Penalties Fully Deductible, ITAT Allows ₹1.22 Cr Claim

CA Vijayakumar Shetty11 months ago
Income TaxBooks Can’t Be Rejected merely for Missing Return: ITAT Deletes ₹1.34 Cr Cash Addition
Income Tax

Books Can’t Be Rejected merely for Missing Return: ITAT Deletes ₹1.34 Cr Cash Addition

CA Vijayakumar Shetty11 months ago