Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade
Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade An interesting issue…
Month: November 2025
No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification and corroboration: ITAT
No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification…
Addition under section 68 was unjustified as the creditworthiness and genuineness could not be re-examined for a loan already accepted in prior years: ITAT
Addition under section 68 was unjustified as the creditworthiness and genuineness could not be re-examined for a loan already accepted…
Employee granted TDS Credit as the employer after deducting the TDS failed to deposit with the Government Treasury
Employee granted TDS Credit as the employer after deducting the TDS failed to deposit with the Government Treasury The…
Reassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT
Reassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT The Hon’ble Rajasthan…
Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out portions.
Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out…
Burden is on the Revenue to justify the assumption of jurisdiction: Non-compliance with CBDT Circular rendered assessment invalid
Burden is on the Revenue to justify the assumption of jurisdiction: Non-compliance with CBDT Circular rendered assessment invalid Recently,…
ITR refund status 2025: Delays due to ‘red-flagged’ claims, says CBDT chairman:
ITR refund status 2025: Delays due to ‘red-flagged’ claims, says CBDT chairman: 1. Chairman of the Central Board of…
Companies Amendment Bill: A Step Towards Ease of Doing Business
Companies Amendment Bill: A Step Towards Ease of Doing Business The Ministry of Corporate Affairs (MCA) has finalized the…
Foreign Tax Credit Allowable Even if Indian Tax on Foreign Income is Nil Due to Exemptions: ITAT
Foreign Tax Credit Allowable Even if Indian Tax on Foreign Income is Nil Due to Exemptions: ITAT Case Reference:…
When Data Speaks Louder Than Returns: Your Next Steps as a Taxpayer (Part 2)
When Data Speaks Louder Than Returns: Your Next Steps as a Taxpayer (Part 2) If you read last Monday’s…
TDS on GST: Whether Tax Should Be Deducted on Gross Amount or GST-Exclusive Amount? A Complete Analysis under Sections 194C and 194J of the Income Tax Act, 1961
TDS on GST: Whether Tax Should Be Deducted on Gross Amount or GST-Exclusive Amount? A Complete Analysis under Sections 194C…
Allahabad High Court rules that Speed Post is not equivalent to Registered Post for Section 148 notice service
Allahabad High Court rules that Speed Post is not equivalent to Registered Post for Section 148 notice service Allahabad…
Here is another judgement on S.87A rebate on special income under new tax regime.
Here is another judgement on S.87A rebate on special income under new tax regime. The judgements on S.87A rebate…
Intimation under Section 143(1) cannot be issued after 9 months from the end of the FY in which the return is filed: ITAT
Intimation under Section 143(1) cannot be issued after 9 months from the end of the FY in which the return…
Section 115BAA overrides all rate provisions, potentially disregarding special tax treatments under sections like 111A, 112, and 115BB: Delhi ITAT
Section 115BAA overrides all rate provisions, potentially disregarding special tax treatments under sections like 111A, 112, and 115BB: Delhi ITAT…
ITAT deleted addition due to invalidity of proceedings under Sections 147/148 and improper transfer under Section 127
ITAT deleted addition due to invalidity of proceedings under Sections 147/148 and improper transfer under Section 127 Hon’ble ITAT,…
TDS not applicable on commission to NRI agents procuring foreign customers
TDS not applicable on commission to NRI agents procuring foreign customers In a recent case, AO made disallowance u/s…
