ITAT Nagpur Rules That Investments Already Recorded in Books Cannot Be Treated as Unexplained

Void Reassessment Means Void Penalty: Mumbai ITAT Deletes Massive Section 271D Penalties

Section 54F Relief on 50 Future Flats? Hyderabad ITAT Says Yes

No Satisfaction, No Penalty: ITAT Deletes Section 271D Penalty Despite Alleged Cash Transaction Violation

Can an Honest Tax Filing Mistake Attract a 200% Penalty? ITAT Ahmedabad Says No

Demonetisation Cash Deposits Cannot Be Taxed Twice: Delhi ITAT Gives Major Relief to Traders

No Return Filed, Yet ITAT Grants Relief: Principle of Consistency Defeats Revenue’s Bid to Tax Entire Bank Deposits

Can Non-Specified Professionals Use Section 44AD? A Hidden Loophole or Legislative Gap in Presumptive Taxation?

Advance Tax: The Tax EMI You Can’t Afford to Miss

Foreign Travel Under the New Income Tax Act, 2025: Is Form 156 Mandatory Before Every Overseas Trip?

Section 69A Addition Cannot Survive Without Proof of Ownership of Unaccounted Cash: Important Tribunal Ruling

ITAT Mumbai: Business Expenditure Cannot Be Disallowed Merely on Suspicion, Assumptions, or Surmises

ITAT Chandigarh Grants Major Relief Under Section 54: Old Construction Cost Cannot Be Rejected Merely for Lack of Old Bills

Has the Supreme Court Quietly Diluted the “Change of Opinion” Doctrine? A Critical Look at Sanand Properties Pvt. Ltd. vs. JCIT

Penalty Under Section 270A Invalid if AO Fails to Specify Exact Charge: Important ITAT Bangalore Ruling

Substance Over Form: ITAT Mumbai Reaffirms Appellate Powers to Entertain New Claims Without Revised Return

NRI Selling Property in India? Beware: TDS Rules Have Changed Under the New Income Tax Act, 2025

ITAT Indore Drops Penalty Under Section 271AAC: “When Quantum Fails, Penalty Cannot Survive”