Belated filing of Form 10IE for AY 2022–23 – Not a Barrier to Section 115BAC Claim in AY 2023–24

Income Tax Authorities are not bound by the rules of evidence & so Section 65B of the Evidence Act does not: Madras HC 

When a power is conferred to perform a particular function in a specified manner, it must be exercised only in that manner or not at all: Raipur ITAT

An overview of latest Amendment in Tax Audit Report in Form No. 3CD

Whether the Assessing Officer can enquire into those issues which were beyond the scope of limited scrutiny?

No Immunity from addition under Section 68 even if taxpayers opts for presumptive scheme of taxation under section 44AD

Whether ITC can be denied for incorrect GSTIN mentioned on the Invoice/GST Portal due to inadvertent error by supplier?

No direct evidence linked assessee to bogus LTCG: Nagpur ITAT deleted addition

Bombay HC Imposes Interest on Income Tax Officer for Refund Delay

No separate bank account for private placement of funds – ROC imposed penalty of Rs. 30 Lakh.

“Words May Deny, Actions Condone” – Hyderabad ITAT Remands Rental Income Addition for Reassessment

Re-opening o on “borrowed satisfaction” without fresh material or a live link to the taxpayer’s transactions is nothing but a “fishing inquiry.” – Supreme Court Dismisses Department’s Appeal

Representation Regarding Delay in Release of ITR Utilities for AY 2025–26 – Request for Timely Accessibility and Compliance Facilitation

Conversion of Proprietorship to Private Limited Company: Compliance and Conditions

Ad-hoc disallowances without rejection of books and without pinpointing specific defects are unsustainable: ITAT Delhi

Failure to regularize the appointment of additional Director – ROC Kanpur imposed a penalty of Rs. 6 Lakh

Wrong Facts, No Jurisdiction! Patna HC Cancels Reassessment Initiated on False Premise”

Key Changes in ITR Forms for AY 2025–26