Income TaxA Short Overview of changes in new ITR-3 and ITR-5 forms for AY 2025-26:3 months agoA Short Overview of changes in new ITR-3 and ITR-5 forms for AY 2025-26: Let us have a look…
Income TaxElectronics Records can be admitted even without a certificate under section 65B of the Evidence Act3 months agoElectronics Records can be admitted even without a certificate under section 65B of the Evidence Act In a landmark…
Income TaxNo withdrawal of exemption of charitable trust for payments to a related party so long as it is reasonable and for actual services: Delhi HC3 months agoNo withdrawal of exemption of charitable trust for payments to a related party so long as it is reasonable and…
Income TaxBelated filing of Form 10IE for AY 2022–23 – Not a Barrier to Section 115BAC Claim in AY 2023–243 months agoBelated filing of Form 10IE for AY 2022–23 – Not a Barrier to Section 115BAC Claim in AY 2023–24 In…
Income TaxIncome Tax Authorities are not bound by the rules of evidence & so Section 65B of the Evidence Act does not: Madras HC 3 months agoIncome Tax Authorities are not bound by the rules of evidence & so Section 65B of the Evidence Act does…
Income TaxWhen a power is conferred to perform a particular function in a specified manner, it must be exercised only in that manner or not at all: Raipur ITAT3 months agoWhen a power is conferred to perform a particular function in a specified manner, it must be exercised only in…
Income TaxAn overview of latest Amendment in Tax Audit Report in Form No. 3CD3 months agoAn overview of latest Amendment in Tax Audit Report in Form No. 3CD On April 1 2025 CBDT…
Income TaxWhether the Assessing Officer can enquire into those issues which were beyond the scope of limited scrutiny?3 months agoWhether the Assessing Officer can enquire into those issues which were beyond the scope of limited scrutiny? In limited…
Income TaxNo Immunity from addition under Section 68 even if taxpayers opts for presumptive scheme of taxation under section 44AD3 months agoNo Immunity from addition under Section 68 even if taxpayers opts for presumptive scheme of taxation under section 44AD …
Income TaxWhether ITC can be denied for incorrect GSTIN mentioned on the Invoice/GST Portal due to inadvertent error by supplier?3 months agoWhether ITC can be denied for incorrect GSTIN mentioned on the Invoice/GST Portal due to inadvertent error by supplier? …
Income TaxNo direct evidence linked assessee to bogus LTCG: Nagpur ITAT deleted addition3 months agoNo direct evidence linked assessee to bogus LTCG: Nagpur ITAT deleted addition Recently, Nagpur ITAT in the case of Dy.…
Income TaxBombay HC Imposes Interest on Income Tax Officer for Refund Delay3 months agoBombay HC Imposes Interest on Income Tax Officer for Refund Delay Nirmalkumar Mulchand Puruswani (WP No 11043 of 2024)…
Income Tax“Words May Deny, Actions Condone” – Hyderabad ITAT Remands Rental Income Addition for Reassessment3 months ago“Words May Deny, Actions Condone” – Hyderabad ITAT Remands Rental Income Addition for Reassessment The Hon’ble Tribunal observed that…
Income TaxRe-opening o on “borrowed satisfaction” without fresh material or a live link to the taxpayer’s transactions is nothing but a “fishing inquiry.” – Supreme Court Dismisses Department’s Appeal3 months agoRe-opening o on “borrowed satisfaction” without fresh material or a live link to the taxpayer’s transactions is nothing but a…
Income TaxRepresentation Regarding Delay in Release of ITR Utilities for AY 2025–26 – Request for Timely Accessibility and Compliance Facilitation3 months agoRepresentation Regarding Delay in Release of ITR Utilities for AY 2025–26 – Request for Timely Accessibility and Compliance Facilitation To…
Income TaxConversion of Proprietorship to Private Limited Company: Compliance and Conditions3 months agoConversion of Proprietorship to Private Limited Company: Compliance and Conditions When a sole proprietorship is converted into a private…
Income TaxAd-hoc disallowances without rejection of books and without pinpointing specific defects are unsustainable: ITAT Delhi3 months agoAd-hoc disallowances without rejection of books and without pinpointing specific defects are unsustainable: ITAT Delhi The Income Tax Appellate…
Income TaxFailure to regularize the appointment of additional Director – ROC Kanpur imposed a penalty of Rs. 6 Lakh3 months agoFailure to regularize the appointment of additional Director – ROC Kanpur imposed a penalty of Rs. 6 Lakh In…