Transfer of a share in partnership firm is also covered under section 56(2)(x)

Submission of Basic Documents like PAN & ITR etc doesn’t prove genuineness – Section 263 can be invoked on allegation of accommodation entries

Triplex flat constitutes a single residential unit for Section 54 Exemption: ITAT Mumbai

Farewell Old Tax Regime? Why This Budget Could Redefine Taxes Forever 

Section 159 applies only if reassessment notice is issued before Assessee’s death

Section 87A PIL disposed of by Bombay HC

CIT(E) Can’t Reject Trust’s Registration Application Based on Only One Clause of Trust Deed- Surat ITAT

GST on Accommodation Services

CBDT clarification on applicability of PPT while granting treaty benefits:

Interest on deposits of surplus fund would qualify for the deduction u/s 80P(2)(a): Kerala HC

Bombay HC dismissed writ petition against reopening – Observed wrong mention of return not filed as a typographical error

Limitation period runs from the date the DRP’s directions are uploaded on the ITBA portal.

Reopening is invalid if the escaped income is below ₹50 lakh and the notice was issued after the 3-year limit

No recovery can be made without following the procedure specified in Section 78 & 79 of the GST Act

LTA claims of employees & Obligation of employers for TDS Compliance

Substantive compliance overrides procedural requirements: No Penalty u/s 270A for the simple reason that Assessee did not file Form No. 68 but made application on plain paper

AO cannot issue 2nd notice under section 148A (b) as supplement to first notice, raking up new issue without independently satisfying the time lime and monetary limit

Addition purely based on third-party non-compliance is unwarranted: ITAT Ahemedabad.