VSVS – 2024 benefit extended for order passed as on 22 July 2024 but time line to file appeal was available as on 22 July 2024

Procedural technicalities should not outweigh the goal of substantial justice: ITAT, Agra

Technical or venial breaches should not result in harsh penalties, especially when the assessee had disclosed the investments in Schedule FA in earlier and subsequent years.

Final Assessment order passed without a valid approval under Section 153D renders Assessment invalid: ITAT Raipur.

Delay in filing appeal by 285 days due to Non-Service of Hard Copy of Order condoned by Madras HC

Transfer of a share in partnership firm is also covered under section 56(2)(x)

Submission of Basic Documents like PAN & ITR etc doesn’t prove genuineness – Section 263 can be invoked on allegation of accommodation entries

Triplex flat constitutes a single residential unit for Section 54 Exemption: ITAT Mumbai

Farewell Old Tax Regime? Why This Budget Could Redefine Taxes Forever 

Section 159 applies only if reassessment notice is issued before Assessee’s death

Section 87A PIL disposed of by Bombay HC

CIT(E) Can’t Reject Trust’s Registration Application Based on Only One Clause of Trust Deed- Surat ITAT

GST on Accommodation Services

CBDT clarification on applicability of PPT while granting treaty benefits:

Interest on deposits of surplus fund would qualify for the deduction u/s 80P(2)(a): Kerala HC

Bombay HC dismissed writ petition against reopening – Observed wrong mention of return not filed as a typographical error

Limitation period runs from the date the DRP’s directions are uploaded on the ITBA portal.

Reopening is invalid if the escaped income is below ₹50 lakh and the notice was issued after the 3-year limit