Month: November 2026

Recent Posts

• GST Department Cannot Force Tax Collection During Investigation! Karnataka High Court Orders Refund of ₹53.97 Lakh with 6% Interest
• Partner’s Remuneration and Interest Eligible for 50% Presumptive Taxation Under Section 44ADA? A Legal Grey Area for Professionals
• Can Income Tax Department Tax the Entire On-Money Received by a Builder in the Year of Receipt? ITAT Mumbai Says No!
• Demonetisation Cash Deposits Cannot Be Treated as Unexplained Merely Due to Absence of Stock Register: ITAT Indore
• Mere Disallowance of Expenditure Does Not Automatically Mean Misreporting of Income: ITAT Deletes ₹4.42 Lakh Penalty Under Section 270A
• No Section 143(2) Notice, No Valid Reassessment! Supreme Court Rules That Section 292BB Cannot Cure Complete Absence of Mandatory Notice
• CBDT Tightens Merger Rules for Charitable Trusts: Five-Year Restriction, Tax Liability Transfer and Mandatory Form 112A Filing Explained
• HUMAN TOUCH IN THE INCOME-TAX ACT Medical Expenses, Tax Relief and the New Tax Regime
• WRONG SECTION QUOTED IN AN APPLICATION? ITAT SAYS SUBSTANTIVE JUSTICE CANNOT BE DENIED FOR A TECHNICAL MISTAKE!
• SECTION 54 EXEMPTION: ITAT REMANDS CASE FOR VERIFICATION OF HOUSE CONSTRUCTION EVIDENCE – A SECOND CHANCE FOR THE TAXPAYER!