Non-Cooperation Has Its Price: Bombay High Court’s upheld the disallowance of entire purchase amount as against GP Ratio in a Bogus Purchase Case

ITAT Delhi Quashes Addition Based on ‘Dumb Documents’ in Section 153C Proceedings

TDS on Payment to Partners – Applicable from the FY 2025-26  

Unabsorbed depreciation of one year becomes the part of depreciation of next year

Re-evaluation of the former records without new tangible material: Shahrukh Khan win Reassessment Battle

Beneficial amendments should be applied retrospectively unless they impose a burden: ITAT Mumbai

Reassessment Quashed Due to Section 148 Notice Sent to Incorrect Email ID

ITAT Deleted the Disallowance as Payee Declared Income and Paid Taxes despite Absence of Form 26A

Whether “leaving India for the purpose of employment” includes person who left India for search of Employment?

Bombay HC quashed Assessment order u/s 143(3) for not allowing the personal hearing in spite of specific request by assessee:

Delhi HC on Section 153C: Statutory scheme does not mandate or envisage the discovery of a connect or interrelationship between the searched and the non-searched entity

Invalid notice leads to an invalid Assessment even if the correct AO passes the assessment order.

Condonation of inordinate delay -Not without sufficient Cause: ITAT

Harvesting the Loss as a Tool of Tax Planning

Reopening can be done based on audit opinion even if query was raised during assessment proceedings: Bombay HC

For invoking section 41(1), there must be an allowance or deduction claimed by the assessee in the past concerning a trading liability, which is subsequently remitted or ceased.

Neither Section 41(1) nor Section 68 applied to the lease deposits and booking Advances: ITAT

Income Tax Department cannot indefinitely keep the properties attached: Delhi HC