Can Penalty for Concealment Survive If Income Declared in Return Filed Under Section 148 Is Accepted? ITAT Chennai Says No
Can Penalty for Concealment Survive If Income Declared in Return Filed Under Section 148 Is Accepted? ITAT Chennai Says No…
Month: June 2026
Income Tax Act, 2025 Replaces “May” with “Shall”: Has the Assessing Officer Lost His Discretion?
Income Tax Act, 2025 Replaces “May” with “Shall”: Has the Assessing Officer Lost His Discretion? A Three-Letter Change That Could…
Has the Income-tax Act, 2025 Changed the Law on Capital Gains Exemption for Depreciable Assets?
Has the Income-tax Act, 2025 Changed the Law on Capital Gains Exemption for Depreciable Assets? One of the most…
Appeal Is Not a Mere Formality: ITAT Mumbai Reminds Authorities to Determine the Correct Tax Liability
Appeal Is Not a Mere Formality: ITAT Mumbai Reminds Authorities to Determine the Correct Tax Liability Technical Rejection…
Can the Income Tax Department Tax You for a Transaction That Never Happened? ITAT Says No
Can the Income Tax Department Tax You for a Transaction That Never Happened? ITAT Says No Assessee Cannot Be…
The New Capital Gain Formula: More Choice, More Confusion
The New Capital Gain Formula: More Choice, More Confusion [Query 1] I have read in your earlier column regarding…
Section 115BBE Controversy Nearing Closure: Rajasthan High Court Joins the Taxpayer Camp
Section 115BBE Controversy Nearing Closure: Rajasthan High Court Joins the Taxpayer Camp Enhanced 60% Tax Rate Cannot Be Applied…
ITAT Delhi Clarifies: Once Form 10-IE Is Filed, New Tax Regime Option Continues Unless Withdrawn
ITAT Delhi Clarifies: Once Form 10-IE Is Filed, New Tax Regime Option Continues Unless Withdrawn Relief for Taxpayers Opting…
Demonetisation Tax Shock Gets a Reality Check: Rajasthan HC Rules 60% Tax Under Section 115BBE Not Applicable for AY 2017-18
Demonetisation Tax Shock Gets a Reality Check: Rajasthan HC Rules 60% Tax Under Section 115BBE Not Applicable for AY 2017-18…
Section 234C’s Hidden Cushion: The Lesser-Known 12% and 36% Advance Tax Rule
Section 234C’s Hidden Cushion: The Lesser-Known 12% and 36% Advance Tax Rule When discussing advance tax, most taxpayers and even…
Foreign Assets, Reassessment & Non-Residents: ITAT Special Bench Clarifies the 16-Year Rule
Foreign Assets, Reassessment & Non-Residents: ITAT Special Bench Clarifies the 16-Year Rule The reassessment provisions under the Income Tax Act…
Presumptive Taxation vs. Stamp Duty Valuation: ITAT Draws the Line Against Double Taxation
Presumptive Taxation vs. Stamp Duty Valuation: ITAT Draws the Line Against Double Taxation The Income Tax Act contains several deeming…
Presumptive Taxation vs. Stamp Duty Valuation: ITAT Draws the Line Against Double Taxation
Presumptive Taxation vs. Stamp Duty Valuation: ITAT Draws the Line Against Double Taxation The Income Tax Act contains…
No GST Expense Claimed? Then No Section 43B Disallowance, Rules ITAT
No GST Expense Claimed? Then No Section 43B Disallowance, Rules ITAT Unpaid GST Shown as Liability Cannot Be…
Before You Click ‘Submit’… What Every Taxpayer Should Check in the ITR
Before You Click ‘Submit’… What Every Taxpayer Should Check in the ITR Every year, millions of taxpayers file their…
Can a Recorded Bank Loan Become ‘Unexplained Money’ Under Section 69A? Mumbai ITAT Says No
Can a Recorded Bank Loan Become ‘Unexplained Money’ Under Section 69A? Mumbai ITAT Says No Section 69A Cannot Be…
A Wrong Section Should Not Deny the Right: Nagpur ITAT recognises Substance Over Technicalities
A Wrong Section Should Not Deny the Right: Nagpur ITAT recognises Substance Over Technicalities Registration of Charitable Trusts Cannot…
No Old Bills? Still Eligible for Indexed Cost and Full Section 54 Exemption, Rules Chandigarh ITAT
No Old Bills? Still Eligible for Indexed Cost and Full Section 54 Exemption, Rules Chandigarh ITAT Joint Ownership Does…
