TCS amendments proposed in the Budget 2025:

Transactions by Charitable Trust with Persons Specified U/s. 13(3) of Income Tax Act, 1961

Key Updates on Compounding of Offences: An overview of the CBDT Circular No. 04/2025

Income Tax Penalties: An overview of the cost of Non – Compliance!

Mere statement recorded during search cannot be treated as incriminating document for making addition in a search case

Bogus Purchase Addition: Assessee gave no input & so there was no way to determine a gross profit – Entire amount deemed unexplained

Selective addition u/s. 69B for cash deposited during demonitization period unjustified: ITAT

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