Validity of notice issued U/s 148A(b) to deceased person and subsequent notices to the Legal heir

Issuance of notice by the wrong officer will invalidate the assessment proceeding

Without any evidence to doubt the genuineness, the resultant capital loss cannot be disallowed: ITAT Mumbai

Actual turnover of Kaccha Aarahtias (commission agents) is the commission charged and not the total sale proceeds on behalf of their principals: TDS credit allowed by ITAT Visakhapatnam

Audit Memo do not fall within the ambit of the term “information” as provided in Explanation 1 to Section 148 of the Act w.r.t Finance Act 2021

Penalty cannot be imposed on disallowance of 80P claim which is highly debatable

Newly notified Section 16(5) opens the door for revisiting denied ITC claims for specific periods – Kerala HC Ruling

Since Appellant acted in a bona fide manner and made necessary adjustments by the end of the financial year, there is no liability of interest under section 201(1A): ITAT Mumbai

Penny stock addition deleted by ITAT Mumbai as no role has been attributed and/or established qua rigging of the shares

Interest reimbursed to the sister concerns is not an income & there is no statutory obligation to deduct TDS under Section 194A: ITAT Mumbai

Liabilities disclosed in the balance sheet by the assessee, if acknowledged and supported with evidence, cannot be treated as remission or cessation of liability under Section 41(1) of the Income-tax Act, 1961: ITAT Delhi

Income offered by Husband and Wife separately in the ITR & TDS credit claimed by Husband Only: ITAT Mumbai allows the TDS Credit

What PAN 2.0 Means for you: Top 10 Takeaways for Taxpayers

Taxability of ESOPs:

Mere Disagreement Doesn’t Justify invocation of Section 263 Revision Power: Madras HC

No liability where contract is cancelled before supply of goods

Details to be filled while filing ITR with foreign assets:

Taxation on Sale of Agricultural Land in India: A Short Overview