Whether payment of additional tax is a condition precedent for exercising option of filing Updated Return under section 139(8A)?

Ignoring procedural requirements violates the assessee’s right to a fair hearing

Enhanced tax rate of 60% u/s. 115BBE not Applicable to cash deposits during demonetisation?

FTC cannot be denied on the ground that corresponding income has not been offered for tax in the year under consideration.

NO GST ON TRANSFER OF LEASEHOLD RIGHTS: GUJRARAT HC

Procedural lapses and non-adherence to the principles of natural justice: ₹ 48 Crore GST Demand Quashed by Madras HC

Mere seizure of share certificates cannot be considered as incriminating material without any other corroborative evidences during search: ITAT, Delhi

Capital Gain Exemption allowable even if the construction of the house is commenced prior to the sale of old property

Excel Utility to Update the Rebate u/s 87A released by Income Tax Department had changed

Penalty imposed by Bombay HC on PCIT and JAO for mechanically passing and approving the orders in the reassessment proceedings Further asked to verify the conduct of these officers

ITAT Bangalore’s Decision in Buckeye Trust Recalled

Failure to issue share certificates within 2 months from the date of incorporation – ROC imposed Penalty of Rs. 1.50 Lakh on the company and Directors

An option to file online Rectification Applications with the AO

Extension for Filing Revised or Belated Income Tax Returns: Clearing the Air

Incorrect Email, Invalid Order: Lessons from Neha Bhawsingka vs. Union of India [2024] 169 taxmann.com 669 (Calcutta High Court)

Local Committee on High Pitched Assessment is not required to provide a personal hearing and its findings are not binding on appellate authorities: Madras HC

Tax Due Date Chart for January 2025

CA certificate in FC-4 now will have to point out non-compliance of any provision of the Act and Rules