Can an Honest Tax Filing Mistake Attract a 200% Penalty? ITAT Ahmedabad Says No
Can an Honest Tax Filing Mistake Attract a 200% Penalty? ITAT Ahmedabad Says No In the era of faceless…
Income Tax
Demonetisation Cash Deposits Cannot Be Taxed Twice: Delhi ITAT Gives Major Relief to Traders
Demonetisation Cash Deposits Cannot Be Taxed Twice: Delhi ITAT Gives Major Relief to Traders Mere Increase in Cash Sales…
No Return Filed, Yet ITAT Grants Relief: Principle of Consistency Defeats Revenue’s Bid to Tax Entire Bank Deposits
No Return Filed, Yet ITAT Grants Relief: Principle of Consistency Defeats Revenue’s Bid to Tax Entire Bank Deposits When…
Can Non-Specified Professionals Use Section 44AD? A Hidden Loophole or Legislative Gap in Presumptive Taxation?
Can Non-Specified Professionals Use Section 44AD? A Hidden Loophole or Legislative Gap in Presumptive Taxation? The presumptive taxation scheme…
Advance Tax: The Tax EMI You Can’t Afford to Miss
Advance Tax: The Tax EMI You Can’t Afford to Miss Today, 15th June, marks the first advance tax installment falling due…
Foreign Travel Under the New Income Tax Act, 2025: Is Form 156 Mandatory Before Every Overseas Trip?
Foreign Travel Under the New Income Tax Act, 2025: Is Form 156 Mandatory Before Every Overseas Trip? The new…
Section 69A Addition Cannot Survive Without Proof of Ownership of Unaccounted Cash: Important Tribunal Ruling
Section 69A Addition Cannot Survive Without Proof of Ownership of Unaccounted Cash: Important Tribunal Ruling In a significant ruling…
ITAT Mumbai: Business Expenditure Cannot Be Disallowed Merely on Suspicion, Assumptions, or Surmises
ITAT Mumbai: Business Expenditure Cannot Be Disallowed Merely on Suspicion, Assumptions, or Surmises In a significant ruling reinforcing…
ITAT Chandigarh Grants Major Relief Under Section 54: Old Construction Cost Cannot Be Rejected Merely for Lack of Old Bills
ITAT Chandigarh Grants Major Relief Under Section 54: Old Construction Cost Cannot Be Rejected Merely for Lack of Old Bills…
Has the Supreme Court Quietly Diluted the “Change of Opinion” Doctrine? A Critical Look at Sanand Properties Pvt. Ltd. vs. JCIT
Has the Supreme Court Quietly Diluted the “Change of Opinion” Doctrine? A Critical Look at Sanand Properties Pvt. Ltd. vs.…
Penalty Under Section 270A Invalid if AO Fails to Specify Exact Charge: Important ITAT Bangalore Ruling
Penalty Under Section 270A Invalid if AO Fails to Specify Exact Charge: Important ITAT Bangalore Ruling In a significant…
Substance Over Form: ITAT Mumbai Reaffirms Appellate Powers to Entertain New Claims Without Revised Return
Substance Over Form: ITAT Mumbai Reaffirms Appellate Powers to Entertain New Claims Without Revised Return In a significant…
NRI Selling Property in India? Beware: TDS Rules Have Changed Under the New Income Tax Act, 2025
NRI Selling Property in India? Beware: TDS Rules Have Changed Under the New Income Tax Act, 2025 The sale…
ITAT Indore Drops Penalty Under Section 271AAC: “When Quantum Fails, Penalty Cannot Survive”
ITAT Indore Drops Penalty Under Section 271AAC: “When Quantum Fails, Penalty Cannot Survive” In an important reaffirmation of…
How AI Is Quietly Changing Income Tax Assessments
How AI Is Quietly Changing Income Tax Assessments There was a time when income tax scrutiny depended largely…
AO Cannot Travel Beyond Limited Scrutiny Scope Without Approval: Tribunal Quashes Addition
AO Cannot Travel Beyond Limited Scrutiny Scope Without Approval: Tribunal Quashes Addition In an important ruling protecting taxpayers…
Section 153C Proceedings Invalid if Satisfaction Note Recorded After 01.04.2021: Important Tribunal Ruling
Section 153C Proceedings Invalid if Satisfaction Note Recorded After 01.04.2021: Important Tribunal Ruling In a significant ruling impacting search-related assessments…
Opening Balance of Unsecured Loans Cannot Be Taxed Under Section 68: Important ITAT Delhi Ruling
Opening Balance of Unsecured Loans Cannot Be Taxed Under Section 68: Important ITAT Delhi Ruling In a significant…
