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…
Month: June 2026
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…
Wrong Route, Wrong Assessment: Delhi ITAT Quashes Assessment Based on Third-Party Search Material
Wrong Route, Wrong Assessment: Delhi ITAT Quashes Assessment Based on Third-Party Search Material If the Department Wants to…
Presumptive Taxation Under Section 44AD Saves Taxpayer from Bogus Billing Allegation: ITAT Deletes Additions Under Sections 68 and 69C
Presumptive Taxation Under Section 44AD Saves Taxpayer from Bogus Billing Allegation: ITAT Deletes Additions Under Sections 68 and 69C …
No Quantum, No Penalty: ITAT Holds Section 271(1)(c) Penalty Cannot Survive When Assessment Is Sent Back for Fresh Adjudication
No Quantum, No Penalty: ITAT Holds Section 271(1)(c) Penalty Cannot Survive When Assessment Is Sent Back for Fresh Adjudication …
Income Tax Department to Challenge Bombay High Court’s Trust Registration Ruling: What It Means for Charitable Trusts
Income Tax Department to Challenge Bombay High Court’s Trust Registration Ruling: What It Means for Charitable Trusts The long-running…
Sometimes the Best Tax Victory Is Not on Merits but on Jurisdiction
Sometimes the Best Tax Victory Is Not on Merits but on Jurisdiction Why Every Taxpayer Should Examine Technical…
Section 154 Is Not a Shortcut for Reassessment: ITAT Quashes Rectification on Directors’ Bonus
Section 154 Is Not a Shortcut for Reassessment: ITAT Quashes Rectification on Directors’ Bonus Apparent Mistakes Can Be…
ITAT Nagpur Rules That Investments Already Recorded in Books Cannot Be Treated as Unexplained
ITAT Nagpur Rules That Investments Already Recorded in Books Cannot Be Treated as Unexplained Tax assessments often become…
Void Reassessment Means Void Penalty: Mumbai ITAT Deletes Massive Section 271D Penalties
Void Reassessment Means Void Penalty: Mumbai ITAT Deletes Massive Section 271D Penalties In a significant ruling reaffirming the…
Section 54F Relief on 50 Future Flats? Hyderabad ITAT Says Yes
Section 54F Relief on 50 Future Flats? Hyderabad ITAT Says Yes Taxpayers entering into Joint Development Agreements (JDAs) often…
No Satisfaction, No Penalty: ITAT Deletes Section 271D Penalty Despite Alleged Cash Transaction Violation
No Satisfaction, No Penalty: ITAT Deletes Section 271D Penalty Despite Alleged Cash Transaction Violation Tax law is not merely about…
Can an Honest Tax Filing Mistake Attract a 200% Penalty? ITAT Ahmedabad Says No
Can an Honest Tax Filing Mistake Attract a 200% Penalty? ITAT Ahmedabad Says No In the era of faceless…
Demonetisation Cash Deposits Cannot Be Taxed Twice: Delhi ITAT Gives Major Relief to Traders
Demonetisation Cash Deposits Cannot Be Taxed Twice: Delhi ITAT Gives Major Relief to Traders Mere Increase in Cash Sales…
