Income-tax Act, 2025 and Unexplained Income: Old Sections 68 to 69D vs New Law – Change in Substance or Just Structure?
Income-tax Act, 2025 and Unexplained Income: Old Sections 68 to 69D vs New Law – Change in Substance or Just…
Income Tax
AI Based unverified Submission – Bombay High court imposes costs – A wake-up call for professionals
AI Based unverified Submission – Bombay High court imposes costs – A wake-up call for professionals In a first-of-its-kind…
The Dangerous Habit of Ignoring Income Tax Emails and SMS – And How It Quietly Backfires
The Dangerous Habit of Ignoring Income Tax Emails and SMS – And How It Quietly Backfires One of the…
Capital Gain Exemption under Section 54 Available Even When New House Is Purchased with Housing Loan – ITAT Kolkata in Amit Parekh Case
Capital Gain Exemption under Section 54 Available Even When New House Is Purchased with Housing Loan – ITAT Kolkata in…
When “Irrevocable” Becomes a New Roadblock for charitable trust: An Unnecessary Hurdle for Charitable Trusts
When “Irrevocable” Becomes a New Roadblock for charitable trust: An Unnecessary Hurdle for Charitable Trusts Charitable trusts across the…
Delay in Filing Form 10B is Procedural – Substantive Exemption under Section 11 Cannot Be Denied on Technical Grounds
Delay in Filing Form 10B is Procedural – Substantive Exemption under Section 11 Cannot Be Denied on Technical Grounds …
Survey Statement u/s 133A Has No Evidentiary Value – Additions Quashed
Survey Statement u/s 133A Has No Evidentiary Value – Additions Quashed The Hon’ble Chhattisgarh High Court held that additions…
Income has escaped assessment is a pre-condition for re-opening the assessment and not a borrowed satisfaction from outside source
Income has escaped assessment is a pre-condition for re-opening the assessment and not a borrowed satisfaction from outside source …
Section 119(2)(b) Condonation of Delay: Who Has the Power to Grant Relief for Refunds and Section 80P Claims?
Section 119(2)(b) Condonation of Delay: Who Has the Power to Grant Relief for Refunds and Section 80P Claims? Many…
Loans repaid in the subsequent assessment years – No addition u/s 68 can be made: ITAT Gauhati
Loans repaid in the subsequent assessment years – No addition u/s 68 can be made: ITAT Gauhati ITAT Gauhati…
Section 269SS Not Attracted to One-Time Cash Sale Consideration: ITAT Chandigarh Clarifies the Law
Section 269SS Not Attracted to One-Time Cash Sale Consideration: ITAT Chandigarh Clarifies the Law The rigours of section 269SS…
Tax Refund Delays: Not Always CPC’s Fault, Not Always Yours Either
Tax Refund Delays: Not Always CPC’s Fault, Not Always Yours Either Every year, between August and March, Indian taxpayers…
ITC Denial to Bona Fide Purchaser Solely Due to Retrospective Cancellation of Seller’s GST Registration – Supreme Court Issues Notice
ITC Denial to Bona Fide Purchaser Solely Due to Retrospective Cancellation of Seller’s GST Registration – Supreme Court Issues Notice…
All orders in ‘E-Proceedings’ must be signed digitally: Manually signed Assessment Order held invalid by ITAT
All orders in ‘E-Proceedings’ must be signed digitally: Manually signed Assessment Order held invalid by ITAT The assessee challenged…
Rs. 5.37 Crore Refund Stuck for 8 Years: HC Reprimands Tax Dept. for Its Callous and Negligent Attitude
Rs. 5.37 Crore Refund Stuck for 8 Years: HC Reprimands Tax Dept. for Its Callous and Negligent Attitude Microsoft…
CBDT chief urges tax officials to prepare for transition to new Income Tax Act
CBDT chief urges tax officials to prepare for transition to new Income Tax Act 1. Central Board of Direct…
Third-Party Chats, No Cash, No Admission: Section 69A Addition based on WhatsApp chats Struck Down
Third-Party Chats, No Cash, No Admission: Section 69A Addition based on WhatsApp chats Struck Down DCIT v. Niru Dhiren…
Recovery of tax demand from an employee is not permissible if TDS was done by the employer but not deposited with the Government.
Recovery of tax demand from an employee is not permissible if TDS was done by the employer but not deposited…
