GP Estimation Rejected: Kanak Impex Becomes the Benchmark for Section 69C Cases
GP Estimation Rejected: Kanak Impex Becomes the Benchmark for Section 69C Cases SC dismisses the SLP: The Supreme Court…
Income Tax
Condonation of Delay in Trust Registration & 80G Renewal: What Trust need to know
Condonation of Delay in Trust Registration & 80G Renewal: What Trust need to know The Finance (No. 2) Act,…
Tax Compliance Made Easier: Capital Gains Accounts Now Digital
Tax Compliance Made Easier: Capital Gains Accounts Now Digital Introduction: The CBDT vide Notification No. 161/2025 dated November 19,…
When Scholarships Become Business Expenditure: What Harish Salve’s Case Teaches About Modern Brand-Building Under Income Tax Law
When Scholarships Become Business Expenditure: What Harish Salve’s Case Teaches About Modern Brand-Building Under Income Tax Law Can paying…
Can New Grounds Be Taken before ITAT without it being there before CIT (Appeal)?
Can New Grounds Be Taken before ITAT without it being there before CIT (Appeal)? One of the most common…
Can a Partner Claim Expenses Against Remuneration? Delhi ITAT Gives a Landmark Clarification
Can a Partner Claim Expenses Against Remuneration? Delhi ITAT Gives a Landmark Clarification A recent decision of the Delhi…
Your ITR vs Your Data: Why Many Taxpayers Got 143(2) Scrutiny Notices This Year
Your ITR vs Your Data: Why Many Taxpayers Got 143(2) Scrutiny Notices This Year If your email inbox suddenly…
FALSE HRA CLAIMS UNDER SCRUTINY OF INCOME TAX DEPARTMENT
FALSE HRA CLAIMS UNDER SCRUTINY OF INCOME TAX DEPARTMENT The Income Tax Department has launched one of its biggest…
Non-disclosure of required details in audit report: ROC penalized auditor
Non-disclosure of required details in audit report: ROC penalized auditor ROC penalized Deloitte Haskins & Sells, Statutory Auditor of…
CA issuance of Form No. 15CB under the Income-Tax Act does not amount to abetment of money laundering.
CA issuance of Form No. 15CB under the Income-Tax Act does not amount to abetment of money laundering. Supreme…
Penny Stock Addition: Genuineness must be tested on human probabilities and surrounding circumstances, not mere documentation- ITAT Ahemedabad
Penny Stock Addition: Genuineness must be tested on human probabilities and surrounding circumstances, not mere documentation- ITAT Ahemedabad ITAT…
Reassessment Notices Issued in the Name of a Deceased Person is invalid
Reassessment Notices Issued in the Name of a Deceased Person is invalid Reassessment Notices Issued in the Name of…
Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade
Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade An interesting issue…
No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification and corroboration: ITAT
No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification…
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
Addition under section 68 was unjustified as the creditworthiness and genuineness could not be re-examined for a loan already accepted…
Reassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT
Reassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT The Hon’ble Rajasthan…
Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out portions.
Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out…
Burden is on the Revenue to justify the assumption of jurisdiction: Non-compliance with CBDT Circular rendered assessment invalid
Burden is on the Revenue to justify the assumption of jurisdiction: Non-compliance with CBDT Circular rendered assessment invalid Recently,…
