Tax liability is governed by the law prevailing at the time of entering into the transaction: Nagpur ITAT

An interplay between Charity and Business for the purpose of section 2(15), 11(4A) and 13(8)

Whether rectification under section 154 of the Income Tax Act, 1961 can be filed even if the appeal is filed before CIT (A) under section 250?

No notice under section 143(2) Notice – Assessment May Be Void

Opted for New Regime by filing Form No. 10IE but filed ITR under Old Regime – ITAT granted the benefit under old Regime

An overview of Annual Compliances under Company Law, income Tax Law & MSME Act for the private limited company

No independent inquiry in penny stock case – ITAT Mumbai deleted addition of Rs. 4 Cr due to denial of LTCG exemption under Section 10(38)

Delhi HC slams GST Department: Denying refund to widow after husband’s death, termed it is as “completely baseless”

Additions made on the basis of surmises and conjectures is not sustainable: Delhi HC

Supreme Court directed all courts & Registrar to report the violation of section 269ST. Also instructed Income Tax Department to verify all such transactions

Reopening based on an incorrect factual premise is bad in law: ITAT Hyderabad

Bombay High Court imposed interest burden on the erring officer for delayed issue of the Refund – Accountability fixed

Assessments Possible even after concluded assessment u/s 153A: Madras High Court

The financial liability for delay must not fall on the State Exchequer or taxpayers. It must be recovered from the officials responsible: Bombay High Court

Rejection of Books without Specific Defects is Unsustainable: ITAT Hyderabad”

Spa consultancy and market research involve individual expertise and fall under Independent Personal Services: ITAT Delhi

Compliance Calendar for May’2025

Your Housing Society vs the Taxman: What Every RWA Needs to Know