Accepted Sales Mean Purchases Cannot Be Ignored: ITAT Restricts Bogus Purchase Addition to 1% Can the Income Tax Department Treat Purchases as Bogus When the Corresponding Sales Are Accepted? Allegations of bogus purchases continue to be one of the most litigated issues under the Income-tax Act. Quite often, the Investigation Wing identifies certain suppliers as…

Finance Act 2026 Cannot Revive Invalid Reassessment Notices: Telangana High Court Upholds ITAT Order Keywords: Finance Act 2026 reassessment, JAO reassessment notice, Faceless Assessing Officer, Section 148A notice jurisdiction, Telangana High Court reassessment, faceless reassessment, Section 148 notice, reassessment quashed, PCIT v Vinod Ojha, Income Tax reassessment jurisdiction. Can a Later Amendment in the Law Validate…

Can the Income Tax Department Make New Additions in Reassessment If the Original Reason for Reopening Fails? Bangalore ITAT Says No Keywords: reassessment under Section 147, Section 147 jurisdiction, reassessment addition, original reason for reopening fails, Section 54 disallowance, ITAT Bangalore reassessment, Income Tax reassessment law, fishing inquiry reassessment, Section 148 notice, reassessment jurisdiction. No Addition…

Can a Delay in Filing an Income Tax Appeal Be Condoned If Your Auditor Failed to File It? Kerala High Court Says Yes—If the Explanation Is Genuine Keywords: condonation of delay ITAT, delay in filing appeal before ITAT, auditor failed to file appeal, Kerala High Court condonation of delay, sufficient cause under Income Tax Act, bona…

TDS on Faculty Payments: Salary Under Section 192 or Professional Fees Under Section 194J? ITAT Cochin Clarifies the Law Keywords: TDS on faculty payments, Section 192 vs Section 194J, coaching institute TDS, consultant vs employee, employer-employee relationship, professional fees under Section 194J, ITAT Cochin judgment, faculty consultants income tax, contract of service vs contract for service,…