Invalid notice leads to an invalid Assessment even if the correct AO passes the assessment order.

Condonation of inordinate delay -Not without sufficient Cause: ITAT

Harvesting the Loss as a Tool of Tax Planning

Reopening can be done based on audit opinion even if query was raised during assessment proceedings: Bombay HC

For invoking section 41(1), there must be an allowance or deduction claimed by the assessee in the past concerning a trading liability, which is subsequently remitted or ceased.

Neither Section 41(1) nor Section 68 applied to the lease deposits and booking Advances: ITAT

Income Tax Department cannot indefinitely keep the properties attached: Delhi HC

Call centre services are not technical or managerial services: Bombay HC

Income Tax Department’s Scrutiny of Household Withdrawals: A Wake-Up Call for Taxpayers

Where the assessee has submitted all the necessary documentary evidence, addition of bogus purchases cannot be made: ITAT Delhi

WhatsApp Messages alone Cannot Justify addition under Section 69C Addition: Mumbai ITAT

CIT (A) non admission of confirmation of account as additional Evidence – ITAT restored the matter to AO for fresh adjudication

No question of law if Assessing Officer had concluded that the transaction of purchase and sale of shares was a sham transaction & disallowed Short-Term Capital Loss

Making March Meaningful: Smart Moves to Save Big Before the Deadline

Capital Gain Taxation: ITAT Hyderabad interesting judgement on DVO, Litigation Expenses, Cost of Improvement

Compliance Calendar for March’2025

An overview of Tax Fee Perquisite for the salaried Taxpayers

New Income Tax Bill 2025 vs. Taxation of slump sale: What has changed.