Income Tax

Recent Posts

• Tenancy Rights in Redevelopment: Mumbai ITAT Deletes ₹1.10 Crore STCG Addition – Capital Gains Taxable Only Upon Possession of Alternative Accommodation
• Bogus Purchase Addition Deleted! Delhi ITAT Holds That GST Registration Cancellation and Non-Response of Suppliers Cannot Defeat Genuine Purchase Evidence
• Year-End Provisions Attract TDS Under Section 194J! ITAT Bangalore Holds Assessee in Default Under Section 201(1), but Grants Relief for Vendor Income Already Offered to Tax
• GST Department Cannot Force Tax Collection During Investigation! Karnataka High Court Orders Refund of ₹53.97 Lakh with 6% Interest
• Partner’s Remuneration and Interest Eligible for 50% Presumptive Taxation Under Section 44ADA? A Legal Grey Area for Professionals
• Can Income Tax Department Tax the Entire On-Money Received by a Builder in the Year of Receipt? ITAT Mumbai Says No!
• Demonetisation Cash Deposits Cannot Be Treated as Unexplained Merely Due to Absence of Stock Register: ITAT Indore
• Mere Disallowance of Expenditure Does Not Automatically Mean Misreporting of Income: ITAT Deletes ₹4.42 Lakh Penalty Under Section 270A
• No Section 143(2) Notice, No Valid Reassessment! Supreme Court Rules That Section 292BB Cannot Cure Complete Absence of Mandatory Notice
• CBDT Tightens Merger Rules for Charitable Trusts: Five-Year Restriction, Tax Liability Transfer and Mandatory Form 112A Filing Explained