Once the business receipts are accepted, no separate addition under Section 68 survives: ITAT Mumbai.
Once the business receipts are accepted, no separate addition under Section 68 survives: ITAT Mumbai. The Mumbai ITAT, in…
Income Tax
Notice issued without complying with the CBDT instruction specifying the format for such notices is invalid
Notice issued without complying with the CBDT instruction specifying the format for such notices is invalid Kolkata Tribunal in…
ITAT Cancels Reopening for AY 2015–16 as Income Was Below ₹50 Lakh and Notice Issued Beyond 3-Year Limit
ITAT Cancels Reopening for AY 2015–16 as Income Was Below ₹50 Lakh and Notice Issued Beyond 3-Year Limit The Tribunal…
The approval U/s 153D must reflect material, findings and reasoning to show that the higher authority has applied his mind before granting approval: Mumbai ITAT.
The approval U/s 153D must reflect material, findings and reasoning to show that the higher authority has applied his mind…
An apt representation on the arbitrary and mechanical invocation of Section 74 of the CGST Act by GST Audit Commissionerates and DGGI
An apt representation on the arbitrary and mechanical invocation of Section 74 of the CGST Act by GST Audit Commissionerates…
CIT(A) has the power and discretion to accept the revised figures during appellate proceedings
CIT(A) has the power and discretion to accept the revised figures during appellate proceedings The Mumbai ITAT, in Ramel…
Principle of Consistency: ITAT directed to tax income from license fees as “Income from House Property”
Principle of Consistency: ITAT directed to tax income from license fees as “Income from House Property” Kolkata Tribunal in…
Improper assumption of jurisdiction without a proper transfer order u/s 127: ITAT Delhi quashed the Assessment Order
Improper assumption of jurisdiction without a proper transfer order u/s 127: ITAT Delhi quashed the Assessment Order Recently, in the…
Expenses crystallized during the relevant year is not prior-period expenses
Expenses crystallized during the relevant year is not prior-period expenses The Tribunal in the case of Delhi Tribunal: Dixon…
Reassessment is invalid as PCIT approval is mechanical and on vague Reasons: ITAT Kolkata
Reassessment is invalid as PCIT approval is mechanical and on vague Reasons: ITAT Kolkata The ITAT Kolkata allowed the appeal…
Deduction towards CSR Expenditure for scientific research allowed U/s 35 as it is covered by Section 35 which is independent and are not overridden by Explanation 2.
Deduction towards CSR Expenditure for scientific research allowed U/s 35 as it is covered by Section 35 which is independent…
Income Tax Refund: Refund Principles of natural justice and fair play should be followed- Bombay HC
Income Tax Refund: Refund Principles of natural justice and fair play should be followed- Bombay HC Bombay HC in…
Cash is No Longer King: How the Income-Tax Act is making you Digital
Cash is No Longer King: How the Income-Tax Act is making you Digital Cash transactions are under the scanner…
Loose papers cannot be considered as admissible evidence for making an addition unless backed by independent corroborative material.
Loose papers cannot be considered as admissible evidence for making an addition unless backed by independent corroborative material. Recently, ITAT…
An overview of the Key Changes in ITR Forms for AY 2025–26
An overview of the Key Changes in ITR Forms for AY 2025–26 The Income Tax Department has notified several…
If the tax effect as per the computation form provided by AO is below Rs. 60 lakhs, the appeal is liable to be dismissed on the ground of low tax effect: Delhi ITAT
If the tax effect as per the computation form provided by AO is below Rs. 60 lakhs, the appeal is…
Hyderabad ITAT deleted demonetization cash deposit addition as no concrete basis existed for treating the higher sales in that month as fictitious
Hyderabad ITAT deleted demonetization cash deposit addition as no concrete basis existed for treating the higher sales in that month…
Documents signed by 3rd party cannot be held to be colorable devise without verification.
Documents signed by 3rd party cannot be held to be colorable devise without verification. Recently, ITAT in one of the…
