Deduction towards contingent liability allowed by AO: No revision U/s 263 permissible if AO had conducted proper inquiry and verification – ITAT Mumbai

Assessing Officer refuses to even issue the summons under section 131(1) – ITAT deleted addition

Redeveloped Flat received from builder is not a “Gift” under section 56(2)(x): Mumbai ITAT

Bombay High Court Grants Interim Relief to Hindustan Coca-Cola in ₹2,500 Cr GST Dispute!

ITC cannot be denied even if the supplier’s registration is cancelled from retrospective date.

Section 153D: Approval must be self-contained piece of evidence demonstrating that due process of law is followed in approving

Know about the changes in the New Tax Audit Report in Form No. 3CD

Updated Returns: A Second Chance That Costs Extra (But Saves You More)

Retraction of statement recorded during Income Tax Search Proceedings: An Overview of Legal Provision

GST Advisory on Case Sensitivity in IRN Generation

Permanent Registration of the Trust – Quoting a wrong provision cannot be held to be fatal & well-deserved beneficial provision need to be extended: ITAT Nagpur

Error in claiming GST- ITC: Supreme Court directed CBIC to revisit rules to fix errors in GST filing due to Human Error

Compliance Calendar for April’2025

ITAT allowed capital gain exemption u/s 54F – Where father died intestate, inherited property devolved equally on mother and son

Deductors / collectors may get interest waiver if TDS/TCS amount debited from the bank account but not credited to the Government Treasury due to technical glitches

Section 254(1) & Rule 11 of the ITAT Rules: ITAT has power to admit any ground or issue not taken by either of the parties earlier in Appeal

Separate reporting of settlement related expenses in Form 3CD:

ITAT quashed order under section 263 as CIT could not pinpoint any seized material relating to the issues on which revisionary directions is exercised