Income Tax

Recent Posts

• No Satisfaction, No Penalty: ITAT Deletes Section 271D Penalty Despite Alleged Cash Transaction Violation
• Can an Honest Tax Filing Mistake Attract a 200% Penalty? ITAT Ahmedabad Says No
• Demonetisation Cash Deposits Cannot Be Taxed Twice: Delhi ITAT Gives Major Relief to Traders
• No Return Filed, Yet ITAT Grants Relief: Principle of Consistency Defeats Revenue’s Bid to Tax Entire Bank Deposits
• Can Non-Specified Professionals Use Section 44AD? A Hidden Loophole or Legislative Gap in Presumptive Taxation?
• Advance Tax: The Tax EMI You Can’t Afford to Miss
• Foreign Travel Under the New Income Tax Act, 2025: Is Form 156 Mandatory Before Every Overseas Trip?
• Section 69A Addition Cannot Survive Without Proof of Ownership of Unaccounted Cash: Important Tribunal Ruling
• ITAT Mumbai: Business Expenditure Cannot Be Disallowed Merely on Suspicion, Assumptions, or Surmises
• ITAT Chandigarh Grants Major Relief Under Section 54: Old Construction Cost Cannot Be Rejected Merely for Lack of Old Bills