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

Relaxation of time limit for processing of returns of income filed electronically which were incorrectly invalidated by CPC

UPI Under GST Lens: Traders Must Be Cautious, Not Fearful

Section 43CA Additions Quashed by ITAT Pune: A Victory Against Mechanical Reopening and Misapplication of Law