Recent Post by the taxtalk
Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade An interesting issue arose before ITAT Mumbai in the case of Paramjit Singh Mohansingh Obhan v. ACIT, Circle-28(2), Navi Mumbai – ITA No. 4863/Mum/2025 | Date of Order: 10 November 2025 – regarding the validity of addition on…
No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification and corroboration: ITAT Recently, Mumbai ITAT in the case of DCIT v. Niru Dhiren Shah (ITA No. 4294/Mum/2025) was concerned with the issue of evidentiary value of WhatsApp Chats in Tax Proceedings. Let us…
Addition under section 68 was unjustified as the creditworthiness and genuineness could not be re-examined for a loan already accepted in prior years: ITATÂ Where assessee was subjected to reassessment for an alleged unsecured loan treated as accommodation entry but established through records that no fresh loan was received in relevant year and amount…
Employee granted TDS Credit as the employer after deducting the TDS failed to deposit with the Government Treasury The tax department contends that credit of TDS can be granted only if TDS is paid to central government by the deductor and not otherwise per section 199. In this case employer failed to pay the…
Reassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT The Hon’ble Rajasthan High Court (Jodhpur Bench), in Darshan Dhankani vs. Principal Commissioner of Income Tax (Central), Jaipur & Ors. [Order dated 06.11.2025], has once again reaffirmed the judicial stand that reassessment notices issued by Jurisdictional Assessing Officers…
