Gujarat High Court Clarifies the Law on Reassessment vs Search Assessments: Section 147 Cannot Bypass Section 153C
Gujarat High Court Clarifies the Law on Reassessment vs Search Assessments: Section 147 Cannot Bypass Section 153C The interplay…
Income Tax
Limited Scrutiny Means Limited Powers: ITAT Delhi Quashes Section 263 Revision in Harun Ali vs Pr. CIT
Limited Scrutiny Means Limited Powers: ITAT Delhi Quashes Section 263 Revision in Harun Ali vs Pr. CIT A recent decision…
No Addition under Section 69A on Repayment of Loan Already Accepted as Genuine: Key Ruling of ITAT Delhi
No Addition under Section 69A on Repayment of Loan Already Accepted as Genuine: Key Ruling of ITAT Delhi Hon’ble…
Income-tax Act, 2025: Why the Change May Be More in Perception Than in Policy
Income-tax Act, 2025: Why the Change May Be More in Perception Than in Policy The Income-tax Act, 2025 has…
Income-tax Act, 2025 and Unexplained Income: Old Sections 68 to 69D vs New Law – Change in Substance or Just Structure?
Income-tax Act, 2025 and Unexplained Income: Old Sections 68 to 69D vs New Law – Change in Substance or Just…
AI Based unverified Submission – Bombay High court imposes costs – A wake-up call for professionals
AI Based unverified Submission – Bombay High court imposes costs – A wake-up call for professionals In a first-of-its-kind…
The Dangerous Habit of Ignoring Income Tax Emails and SMS – And How It Quietly Backfires
The Dangerous Habit of Ignoring Income Tax Emails and SMS – And How It Quietly Backfires One of the…
Capital Gain Exemption under Section 54 Available Even When New House Is Purchased with Housing Loan – ITAT Kolkata in Amit Parekh Case
Capital Gain Exemption under Section 54 Available Even When New House Is Purchased with Housing Loan – ITAT Kolkata in…
When “Irrevocable” Becomes a New Roadblock for charitable trust: An Unnecessary Hurdle for Charitable Trusts
When “Irrevocable” Becomes a New Roadblock for charitable trust: An Unnecessary Hurdle for Charitable Trusts Charitable trusts across the…
Delay in Filing Form 10B is Procedural – Substantive Exemption under Section 11 Cannot Be Denied on Technical Grounds
Delay in Filing Form 10B is Procedural – Substantive Exemption under Section 11 Cannot Be Denied on Technical Grounds …
Survey Statement u/s 133A Has No Evidentiary Value – Additions Quashed
Survey Statement u/s 133A Has No Evidentiary Value – Additions Quashed The Hon’ble Chhattisgarh High Court held that additions…
Income has escaped assessment is a pre-condition for re-opening the assessment and not a borrowed satisfaction from outside source
Income has escaped assessment is a pre-condition for re-opening the assessment and not a borrowed satisfaction from outside source …
Section 119(2)(b) Condonation of Delay: Who Has the Power to Grant Relief for Refunds and Section 80P Claims?
Section 119(2)(b) Condonation of Delay: Who Has the Power to Grant Relief for Refunds and Section 80P Claims? Many…
Loans repaid in the subsequent assessment years – No addition u/s 68 can be made: ITAT Gauhati
Loans repaid in the subsequent assessment years – No addition u/s 68 can be made: ITAT Gauhati ITAT Gauhati…
Section 269SS Not Attracted to One-Time Cash Sale Consideration: ITAT Chandigarh Clarifies the Law
Section 269SS Not Attracted to One-Time Cash Sale Consideration: ITAT Chandigarh Clarifies the Law The rigours of section 269SS…
Tax Refund Delays: Not Always CPC’s Fault, Not Always Yours Either
Tax Refund Delays: Not Always CPC’s Fault, Not Always Yours Either Every year, between August and March, Indian taxpayers…
ITC Denial to Bona Fide Purchaser Solely Due to Retrospective Cancellation of Seller’s GST Registration – Supreme Court Issues Notice
ITC Denial to Bona Fide Purchaser Solely Due to Retrospective Cancellation of Seller’s GST Registration – Supreme Court Issues Notice…
All orders in ‘E-Proceedings’ must be signed digitally: Manually signed Assessment Order held invalid by ITAT
All orders in ‘E-Proceedings’ must be signed digitally: Manually signed Assessment Order held invalid by ITAT The assessee challenged…
