Income TaxSix Days Instead of Seven: Karnataka HC Sets Aside Faceless Assessment for Violating Natural Justice22 hours agoSix Days Instead of Seven: Karnataka HC Sets Aside Faceless Assessment for Violating Natural Justice When the SOP…
Income TaxSeized Excel Sheet, Cash Loans and Section 69: ITAT Upholds Addition When Assessee Could Not Explain the Entries23 hours agoSeized Excel Sheet, Cash Loans and Section 69: ITAT Upholds Addition When Assessee Could Not Explain the Entries …
Income TaxSection 54F Exemption Allowed for Multiple Residential Units: ITAT Hyderabad Gives Relief23 hours agoSection 54F Exemption Allowed for Multiple Residential Units: ITAT Hyderabad Gives Relief No plan approval requirement, no automatic denial…
Income TaxITR-BN: The New Return Form for Block Assessments – What Every Taxpayer Should Know3 days agoITR-BN: The New Return Form for Block Assessments – What Every Taxpayer Should Know CBDT’s new form puts the…
Income TaxSection 264 Cannot Become a Backdoor for a Time-Barred Revised Return: Supreme Court3 days agoSection 264 Cannot Become a Backdoor for a Time-Barred Revised Return: Supreme Court Supreme Court holds that where…
Income TaxUpdated Return or FAST-DS: Which Route Works Better for Undisclosed Foreign Income or Assets?4 days agoUpdated Return or FAST-DS: Which Route Works Better for Undisclosed Foreign Income or Assets? The 60% vs 70% comparison…
Income TaxCan a Third-Party Seized Document Reopen Your Assessment? Gujarat HC Says There Must Be a “Live Nexus”4 days agoCan a Third-Party Seized Document Reopen Your Assessment? Gujarat HC Says There Must Be a “Live Nexus” A broker’s…
Income TaxSurrendered Excess Stock Cannot Be Used for Ad Hoc GP Addition: ITAT Delhi5 days agoSurrendered Excess Stock Cannot Be Used for Ad Hoc GP Addition: ITAT Delhi GRP Auto ruling highlights an important principle:…
Income TaxSection 54 Exemption Cannot Be Denied on Hyper-Technical Grounds: ITAT Bangalore5 days agoSection 54 Exemption Cannot Be Denied on Hyper-Technical Grounds: ITAT Bangalore Substantial investment in construction of a residential house…