Income Tax

When Scholarships Become Business Expenditure: What Harish Salve’s Case Teaches About Modern Brand-Building Under Income Tax Law

5 months ago

When Scholarships Become Business Expenditure: What Harish Salve’s Case Teaches About Modern Brand-Building Under Income Tax Law Can paying…

Income Tax

Can New Grounds Be Taken before ITAT without it being there before CIT (Appeal)?

5 months ago

Can New Grounds Be Taken before ITAT without it being there before CIT (Appeal)? One of the most common…

Income Tax

Can a Partner Claim Expenses Against Remuneration? Delhi ITAT Gives a Landmark Clarification

5 months ago

Can a Partner Claim Expenses Against Remuneration? Delhi ITAT Gives a Landmark Clarification A recent decision of the Delhi…

Income Tax

Your ITR vs Your Data: Why Many Taxpayers Got 143(2) Scrutiny Notices This Year

5 months ago

Your ITR vs Your Data: Why Many Taxpayers Got 143(2) Scrutiny Notices This Year If your email inbox suddenly…

Income Tax

FALSE HRA CLAIMS UNDER SCRUTINY OF INCOME TAX DEPARTMENT

5 months ago

FALSE HRA CLAIMS UNDER SCRUTINY OF INCOME TAX DEPARTMENT The Income Tax Department has launched one of its biggest…

Income Tax

Non-disclosure of required details in audit report: ROC penalized auditor

5 months ago

Non-disclosure of required details in audit report: ROC penalized auditor ROC penalized Deloitte Haskins & Sells, Statutory Auditor of…

Income Tax

CA issuance of Form No. 15CB under the Income-Tax Act does not amount to abetment of money laundering.

6 months ago

CA issuance of Form No. 15CB under the Income-Tax Act does not amount to abetment of money laundering. Supreme…

Income Tax

Penny Stock Addition: Genuineness must be tested on human probabilities and surrounding circumstances, not mere documentation- ITAT Ahemedabad

6 months ago

Penny Stock Addition: Genuineness must be tested on human probabilities and surrounding circumstances, not mere documentation- ITAT Ahemedabad ITAT…

Income Tax

Reassessment Notices Issued in the Name of a Deceased Person is invalid

6 months ago

Reassessment Notices Issued in the Name of a Deceased Person is invalid Reassessment Notices Issued in the Name of…

Income Tax

Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade

6 months ago

Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade An interesting issue…

Income Tax

No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification and corroboration: ITAT

6 months ago

No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification…

Income Tax

Addition under section 68 was unjustified as the creditworthiness and genuineness could not be re-examined for a loan already accepted in prior years: ITAT

6 months ago

Addition under section 68 was unjustified as the creditworthiness and genuineness could not be re-examined for a loan already accepted…

Income Tax

Reassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT

6 months ago

Reassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT The Hon’ble Rajasthan…

Income Tax

Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out portions.

6 months ago

Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out…

Income Tax

Burden is on the Revenue to justify the assumption of jurisdiction: Non-compliance with CBDT Circular rendered assessment invalid

6 months ago

Burden is on the Revenue to justify the assumption of jurisdiction: Non-compliance with CBDT Circular rendered assessment invalid Recently,…

Income Tax

ITR refund status 2025: Delays due to ‘red-flagged’ claims, says CBDT chairman:

6 months ago

ITR refund status 2025: Delays due to ‘red-flagged’ claims, says CBDT chairman: 1. Chairman of the Central Board of…

Income Tax

Companies Amendment Bill: A Step Towards Ease of Doing Business

6 months ago

Companies Amendment Bill: A Step Towards Ease of Doing Business The Ministry of Corporate Affairs (MCA) has finalized the…

Income Tax

Foreign Tax Credit Allowable Even if Indian Tax on Foreign Income is Nil Due to Exemptions: ITAT

6 months ago

Foreign Tax Credit Allowable Even if Indian Tax on Foreign Income is Nil Due to Exemptions: ITAT Case Reference:…

Income Tax

When Scholarships Become Business Expenditure: What Harish Salve’s Case Teaches About Modern Brand-Building Under Income Tax Law

Can New Grounds Be Taken before ITAT without it being there before CIT (Appeal)?

Can a Partner Claim Expenses Against Remuneration? Delhi ITAT Gives a Landmark Clarification

Your ITR vs Your Data: Why Many Taxpayers Got 143(2) Scrutiny Notices This Year

FALSE HRA CLAIMS UNDER SCRUTINY OF INCOME TAX DEPARTMENT

Non-disclosure of required details in audit report: ROC penalized auditor

CA issuance of Form No. 15CB under the Income-Tax Act does not amount to abetment of money laundering.

Penny Stock Addition: Genuineness must be tested on human probabilities and surrounding circumstances, not mere documentation- ITAT Ahemedabad

Reassessment Notices Issued in the Name of a Deceased Person is invalid

Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade

No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification and corroboration: ITAT

Addition under section 68 was unjustified as the creditworthiness and genuineness could not be re-examined for a loan already accepted in prior years: ITAT

Reassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT

Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out portions.

Burden is on the Revenue to justify the assumption of jurisdiction: Non-compliance with CBDT Circular rendered assessment invalid

ITR refund status 2025: Delays due to ‘red-flagged’ claims, says CBDT chairman:

Companies Amendment Bill: A Step Towards Ease of Doing Business

Foreign Tax Credit Allowable Even if Indian Tax on Foreign Income is Nil Due to Exemptions: ITAT

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