Income Tax

Recent Posts

• No Section 143(2) Notice, No Valid Reassessment! Supreme Court Rules That Section 292BB Cannot Cure Complete Absence of Mandatory Notice
• CBDT Tightens Merger Rules for Charitable Trusts: Five-Year Restriction, Tax Liability Transfer and Mandatory Form 112A Filing Explained
• HUMAN TOUCH IN THE INCOME-TAX ACT Medical Expenses, Tax Relief and the New Tax Regime
• WRONG SECTION QUOTED IN AN APPLICATION? ITAT SAYS SUBSTANTIVE JUSTICE CANNOT BE DENIED FOR A TECHNICAL MISTAKE!
• SECTION 54 EXEMPTION: ITAT REMANDS CASE FOR VERIFICATION OF HOUSE CONSTRUCTION EVIDENCE – A SECOND CHANCE FOR THE TAXPAYER!
• SECTION 43B: SUPREME COURT QUASHES DISALLOWANCE OF UNPAID EXCISE DUTY BASED SOLELY ON TAX AUDIT REPORT
• RETIRED FROM BSNL, BUT LEAVE EARNED IN GOVERNMENT SERVICE: ITAT ALLOWS FULL TAX EXEMPTION ON LEAVE ENCASHMENT
• Bombay High Court Opens the Door to Waiving ₹4.72 Lakh Misreporting Penalty: Landmark Ruling on Amended Section 270AA
• Supreme Court on Section 143(2): Participation Cannot Cure Complete Absence of Mandatory Notice
• Supreme Court on Reassessment: Tangible Material, Reason to Believe and Change of Opinion under Section 147