Can a tax authority levy tax on an amount declared as an income by the assessee, even if that amount isn’t legally taxable?
Pune ITAT allows the taxation of profit Element in Unrecorded Sales – Held that admission isn’t Always Final
Foundational requirement for processing a return under Section 143(1) is that such return must be valid as per the Act
An addition of ₹ 10.33 Cr as commission income in the hands of the Auto Rickshaw Driver – ITAT Deleted addition with direction that the real culprits should be investigated
Allotment date & not registration date is relevant for determining the holding period for capital Assets as Long-Term or Short-Term
Compensation received for removing the nuisance should be treated as a capital receipt and hence not taxable: ITAT Mumbai
Unaccounted amount of Rs 103 cr credited to the account of a rickshaw driver: ITAT deleted the addition
Whether retraction of statement, without discrediting corroborative evidence, is insufficient to nullify additions under Sections 69A and 69C?
GST: No adverse inference can be drawn against the purchasing dealer merely because the supplier’s registration was cancelled later
Interest received in respect of delayed payment of compensation to be treated as accruals to the principal compensation amount
Scheme of Section 144B only requires service of a draft assessment order along with the SCN in case of eligible Assessee
Transfer of Depreciable Assets: Tax rate prescribed U/s 112 is applicable even if it is deemed to be taxed as short-term capital gains U/s 50.
