Patna HC cancelled Reassessment Initiated on False Premise
Patna HC cancelled Reassessment Initiated on False Premise Recently, Patna HC cancelled the re-assessment Initiated on False Premise. Let us…
Income Tax
Without income, when it would be mandatory to file income Tax Return?
Without income, when it would be mandatory to file income Tax Return? Is it mandatory for an individual to…
A Short Overview of changes in new ITR-3 and ITR-5 forms for AY 2025-26:
A Short Overview of changes in new ITR-3 and ITR-5 forms for AY 2025-26: Let us have a look…
Electronics Records can be admitted even without a certificate under section 65B of the Evidence Act
Electronics Records can be admitted even without a certificate under section 65B of the Evidence Act In a landmark…
No withdrawal of exemption of charitable trust for payments to a related party so long as it is reasonable and for actual services: Delhi HC
No withdrawal of exemption of charitable trust for payments to a related party so long as it is reasonable and…
Belated filing of Form 10IE for AY 2022–23 – Not a Barrier to Section 115BAC Claim in AY 2023–24
Belated filing of Form 10IE for AY 2022–23 – Not a Barrier to Section 115BAC Claim in AY 2023–24 In…
Income Tax Authorities are not bound by the rules of evidence & so Section 65B of the Evidence Act does not: Madras HC
Income Tax Authorities are not bound by the rules of evidence & so Section 65B of the Evidence Act does…
When 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 ITAT
When a power is conferred to perform a particular function in a specified manner, it must be exercised only in…
An overview of latest Amendment in Tax Audit Report in Form No. 3CD
An overview of latest Amendment in Tax Audit Report in Form No. 3CD On April 1 2025 CBDT…
Whether the Assessing Officer can enquire into those issues which were beyond the scope of limited scrutiny?
Whether the Assessing Officer can enquire into those issues which were beyond the scope of limited scrutiny? In limited…
No Immunity from addition under Section 68 even if taxpayers opts for presumptive scheme of taxation under section 44AD
No Immunity from addition under Section 68 even if taxpayers opts for presumptive scheme of taxation under section 44AD …
Whether ITC can be denied for incorrect GSTIN mentioned on the Invoice/GST Portal due to inadvertent error by supplier?
Whether ITC can be denied for incorrect GSTIN mentioned on the Invoice/GST Portal due to inadvertent error by supplier? …
No direct evidence linked assessee to bogus LTCG: Nagpur ITAT deleted addition
No direct evidence linked assessee to bogus LTCG: Nagpur ITAT deleted addition Recently, Nagpur ITAT in the case of Dy.…
Bombay HC Imposes Interest on Income Tax Officer for Refund Delay
Bombay HC Imposes Interest on Income Tax Officer for Refund Delay Nirmalkumar Mulchand Puruswani (WP No 11043 of 2024)…
“Words May Deny, Actions Condone” – Hyderabad ITAT Remands Rental Income Addition for Reassessment
“Words May Deny, Actions Condone” – Hyderabad ITAT Remands Rental Income Addition for Reassessment The Hon’ble Tribunal observed that…
Re-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 Appeal
Re-opening o on “borrowed satisfaction” without fresh material or a live link to the taxpayer’s transactions is nothing but a…
Representation Regarding Delay in Release of ITR Utilities for AY 2025–26 – Request for Timely Accessibility and Compliance Facilitation
Representation Regarding Delay in Release of ITR Utilities for AY 2025–26 – Request for Timely Accessibility and Compliance Facilitation To…
Conversion of Proprietorship to Private Limited Company: Compliance and Conditions
Conversion of Proprietorship to Private Limited Company: Compliance and Conditions When a sole proprietorship is converted into a private…
