Benami Account & Accommodation Entry: Tribunal Upholds Sham Transaction as Classic Benami Case
Benami Account & Accommodation Entry: Tribunal Upholds Sham Transaction as Classic Benami Case Introduction In a significant ruling with…
Income Tax
Decoding L1–L4 Non-Company Entity Classifications: A Practical Guide for Chartered accountants
Decoding L1–L4 Non-Company Entity Classifications: A Practical Guide for Chartered accountants The Institute of Chartered Accountants of India (ICAI) has…
₹1,300 Crore Property Disclosure Scam Unearthed at Nagpur’s Hingna Registry Office:
₹1,300 Crore Property Disclosure Scam Unearthed at Nagpur’s Hingna Registry Office: Large scale non reporting of SFT: 1. In…
When 26AS Says One Thing and AIS Says Another – Who Do You Trust!
When 26AS Says One Thing and AIS Says Another – Who Do You Trust! [Query 1] ITR filing due…
Decoding L1–L4 Non-Company Entity Classifications: A Practical Guide for Chartered accountants
Decoding L1–L4 Non-Company Entity Classifications: A Practical Guide for Chartered accountants The Institute of Chartered Accountants of India (ICAI)…
Changes in Online Filing of Form No. 35 (Appeal before CIT(A))
Changes in Online Filing of Form No. 35 (Appeal before CIT(A)) If you’re filing appeals before the Commissioner of Income…
TRUST FOR THE BENEFIT OF PARTICULAR GROUP AND NOT GENERAL PUBLIC NOT ENTITLED FOR REGISTRATION
TRUST FOR THE BENEFIT OF PARTICULAR GROUP AND NOT GENERAL PUBLIC NOT ENTITLED FOR REGISTRATION Ahmedabad ITAT holds registration under…
When Cash Talks, Taxman Listens: HC Upholds I-T Department’s Right to Retain Seized Money Under Section 132A
When Cash Talks, Taxman Listens: HC Upholds I-T Department’s Right to Retain Seized Money Under Section 132A In a…
Govt Withdraws Income-tax Bill, 2025: A Pause Before the Big Tax Rewrite
Govt Withdraws Income-tax Bill, 2025: A Pause Before the Big Tax Rewrite In a surprising yet significant move, the…
CBDT Detects ₹630 Crore Undisclosed Crypto Income: A Wake-Up Call for VDA Investors
CBDT Detects ₹630 Crore Undisclosed Crypto Income: A Wake-Up Call for VDA Investors In a significant development, the Central…
Rejection of Books Justified When No Item-wise Stock Records Maintained in Jewellery Business: ITAT
Rejection of Books Justified When No Item-wise Stock Records Maintained in Jewellery Business: ITAT In a detailed and well-reasoned…
Special Audit Without Due Process? Entire Assessment Declared Void ab Initio: ITAT Delhi in Patanjali Case
Special Audit Without Due Process? Entire Assessment Declared Void ab Initio: ITAT Delhi in Patanjali Case In a significant…
Sale Proceeds Of One House Used For Purchasing Multiple Residential Houses Qualifies For Exemption U/S 54: Bombay HC
Sale Proceeds Of One House Used For Purchasing Multiple Residential Houses Qualifies For Exemption U/S 54: Bombay HC IN…
Denial of exemption under Section 11 made by CPC under Section 143(1) – ITAT Mumbai grant relief to Trust
Denial of exemption under Section 11 made by CPC under Section 143(1) – ITAT Mumbai grant relief to Trust …
Genuine Trading Activity Cannot Be Dubbed Bogus- ITAT Mumbai Clears allows alleged penny Stock Loss
Genuine Trading Activity Cannot Be Dubbed Bogus- ITAT Mumbai Clears allows alleged penny Stock Loss In the case of…
No notice u/s 143(2, Not-providing of reasons to believe to Assessee, ITAT quashed Reassessment proceeding
No notice u/s 143(2, Not-providing of reasons to believe to Assessee, ITAT quashed Reassessment proceeding The Hon’ble ITAT quashed…
India is rolling out PAN 2.0: A unified, biometric-backed Tax Identity System
India is rolling out PAN 2.0: A unified, biometric-backed Tax Identity System What’s new? The income tax department has selected…
Compliance Calendar for Aug’2025
Compliance Calendar for Aug’2025 INCOME TAX ▪ 07th Aug 2025- Due date for deposit of Tax deducted and collected for…
