Genuine Trading Activity Cannot Be Dubbed Bogus- ITAT Mumbai Clears allows alleged penny Stock Loss

No notice u/s 143(2, Not-providing of reasons to believe to Assessee, ITAT quashed Reassessment proceeding

India is rolling out PAN 2.0: A unified, biometric-backed Tax Identity System

Compliance Calendar for Aug’2025

Inherited Jewellery & Ancestral Property: Report It Right, Not Bright!

Section 54 Exemption Allowed Despite Property Purchase from Spouse: ITAT Mumbai

AI in Tax and Legal Professions: A Revolution That Can’t Be Ignored

Surcharge Glitch Undermines New 12.5% LTCG Benefit on Property Sales

No Penalty for Bona Fide Delay in Filing ITR if Disclosure is Full in return in response to section 148: Ahmedabad ITAT Ruling

Foreign Tax Credit Allowed Despite Delay in Form 67 Filing: ITAT Kolkata Offers Relief to Global Taxpayers

AI Joins the Taxman: How the Income Tax Department is Using Artificial Intelligence to Catch Evasion

Bogus Purchases & Real Income: ITAT Ahmedabad’s Ruling on Leela Greenship Recycling Pvt. Ltd.

No addition towards Bogus Purchase if assessee has opted for presumptive taxation scheme under Section 44AD

Jewellers Under I-T Scanner for Inventory Valuation Trick: The LIFO Loophole

ITAT Mumbai Quashes Addition in Penny Stock Case: No Evidence, No Tax!

Mumbai ITAT Upholds Taxation of Covid Donation Funds Used for Personal Expenses by Assessee:

A simple checklist for Clause 34 of Tax Audit Report to be Considered by Auditors:

Madras High Court Rules: No Clubbing of GST Show Cause Notices for Multiple Financial Years