Reopening cannot be based on incorrect or non-existent facts: ITAT Hyderabad

ITAT Delhi allowed the commission paid to shareholder-directors under section 36(1)(ii)

Failure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before AO

Just Uploading on Portal is not equivalent to Service of Notice – Madras HC

Just Uploading on Portal is not equivalent to Service of Notice – Madras HC

Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines  

Can a tax authority levy tax on an amount declared as an income by the assessee, even if that amount isn’t legally taxable?

Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines

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

Notices Incoming for Non-Filers- An action under section 148 in process

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

When Luxury Meets Tax: CBDT’s New TCS Rules for Watches, Home Theatres — and Even Horses!

Rejection of Books of Accounts: The profit estimation cannot be arbitrary or without any basis.

CBDT Circular 05/2025 for Waiver of Interest levy in specified cases

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