Non filing of MSME-1 by Companies may attract penalty up to Rs. 3 Lakh
Non filing of MSME-1 by Companies may attract penalty up to Rs. 3 Lakh For all companies in India…
Income Tax
Courts, Sub-Registrars must report if they come across cash transactions over Rs. 2 Lakhs to Income Tax Department: Supreme Court
Courts, Sub-Registrars must report if they come across cash transactions over Rs. 2 Lakhs to Income Tax Department: Supreme Court…
No notice u/s 143(2) issued by the AO – ITAT Quashed Assessment as Jurisdiction
No notice u/s 143(2) issued by the AO – ITAT Quashed Assessment as Jurisdiction Kolkata ITAT held that “……..Therefore,…
Reasons recorded were vague and scanty and the approval has been granted mechanically – ITAT quashed the Reassessment Assessment
Reasons recorded were vague and scanty and the approval has been granted mechanically – ITAT quashed the Reassessment Assessment …
Unsigned notices are void ab initio and cannot confer jurisdiction or attract any legal consequence
Unsigned notices are void ab initio and cannot confer jurisdiction or attract any legal consequence Recenlty, ITAT, Delhi Quashes…
AO must independently form a reasoned belief while initiating proceedings u/s 147: Bombay HC
AO must independently form a reasoned belief while initiating proceedings u/s 147: Bombay HC In its recent pronouncement in…
Unsecured loans from trustees without prior approval from the Charity Commissioner: ITAT directed CIT (E) for giving Permanent Registration
Unsecured loans from trustees without prior approval from the Charity Commissioner: ITAT directed CIT (E) for giving Permanent Registration There…
Private Discretionary Trust: Surcharge is applicable at respective surcharge slab rate: SB- Mumbai ITAT
Private Discretionary Trust: Surcharge is applicable at respective surcharge slab rate: SB- Mumbai ITAT Recently, Special Bench of Mumbai ITAT…
Lack of Jurisdiction and Non-Application of Mind by AO: ITAT declared Reassessment Proceedings as invalid, deleted addition of Rs. 12.39 Cr done U/s 68
Lack of Jurisdiction and Non-Application of Mind by AO: ITAT declared Reassessment Proceedings as invalid, deleted addition of Rs. 12.39…
ITAT granted relief with regard to the jewellery of the married daughter kept at parent house
ITAT granted relief with regard to the jewellery of the married daughter kept at parent house ITAT DELHI:- PREM…
ITAT Quashed the Assessment order as Actual Income Escapement was below ₹ 50 Lakhs
ITAT Quashed the Assessment order as Actual Income Escapement was below ₹ 50 Lakhs Recently, the ITAT has quashed the assessment…
No exemption available if the construction done before the date of capital gain
No exemption available if the construction done before the date of capital gain The ITAT Pune, in the case…
Bombay High Court Grants Interim Relief to Hindustan Coca-Cola in ₹2,500 Cr GST Dispute!
Bombay High Court Grants Interim Relief to Hindustan Coca-Cola in ₹2,500 Cr GST Dispute! In a significant development, the Bombay…
No addition could be made on the basis of ‘Mobile data or loose paper in the absence of corroborative evidence: ITAT Chandigarh
No addition could be made on the basis of ‘Mobile data or loose paper in the absence of corroborative evidence:…
Condonation of Delay before CIT-A or ITAT or HC: Few case laws taxpayers can rely upon
Condonation of Delay before CIT-A or ITAT or HC: Few case laws taxpayers can rely upon In tax litigation, delays…
Bombay HC confirmed addition of 100% of peak purchases from tainted parties
Bombay HC confirmed addition of 100% of peak purchases from tainted parties Recently, the Hon,ble BHC in case of…
Compensation for Nuisance is Non-Taxable Capital Receipt: ITAT Mumbai
Compensation for Nuisance is Non-Taxable Capital Receipt: ITAT Mumbai Recently, ITAT Mumbai in the case of Mohammed Fakhre Alam…
Intimation under section 143(1) is invalid in law if it was not served to the assessee within the prescribed timelines: ITAT Ahmedabad
Intimation under section 143(1) is invalid in law if it was not served to the assessee within the prescribed timelines:…
 is invalid in law if it was not served to the assessee within the prescribed timelines: ITAT Ahmedabad){kind=link}
 is invalid in law if it was not served to the assessee within the prescribed timelines: ITAT Ahmedabad&description=&image=https://thetaxtalk.com/wp-content/uploads/2025/04/Slide3-10.jpg){kind=link}