Income Tax

Penny Stock Addition: Genuineness must be tested on human probabilities and surrounding circumstances, not mere documentation- ITAT Ahemedabad

10 months ago

Penny Stock Addition: Genuineness must be tested on human probabilities and surrounding circumstances, not mere documentation- ITAT Ahemedabad ITAT…

Income Tax

Reassessment Notices Issued in the Name of a Deceased Person is invalid

10 months ago

Reassessment Notices Issued in the Name of a Deceased Person is invalid Reassessment Notices Issued in the Name of…

Income Tax

Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade

10 months ago

Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade An interesting issue…

Income Tax

No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification and corroboration: ITAT

10 months ago

No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification…

Income Tax

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

10 months ago

Addition under section 68 was unjustified as the creditworthiness and genuineness could not be re-examined for a loan already accepted…

Income Tax

Reassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT

10 months ago

Reassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT The Hon’ble Rajasthan…

Income Tax

Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out portions.

10 months ago

Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out…

Income Tax

Burden is on the Revenue to justify the assumption of jurisdiction: Non-compliance with CBDT Circular rendered assessment invalid

10 months ago

Burden is on the Revenue to justify the assumption of jurisdiction: Non-compliance with CBDT Circular rendered assessment invalid Recently,…

Income Tax

ITR refund status 2025: Delays due to ‘red-flagged’ claims, says CBDT chairman:

10 months ago

ITR refund status 2025: Delays due to ‘red-flagged’ claims, says CBDT chairman: 1. Chairman of the Central Board of…

Income Tax

Companies Amendment Bill: A Step Towards Ease of Doing Business

10 months ago

Companies Amendment Bill: A Step Towards Ease of Doing Business The Ministry of Corporate Affairs (MCA) has finalized the…

Income Tax

Foreign Tax Credit Allowable Even if Indian Tax on Foreign Income is Nil Due to Exemptions: ITAT

10 months ago

Foreign Tax Credit Allowable Even if Indian Tax on Foreign Income is Nil Due to Exemptions: ITAT Case Reference:…

Income Tax

When Data Speaks Louder Than Returns: Your Next Steps as a Taxpayer (Part 2)

10 months ago

When Data Speaks Louder Than Returns: Your Next Steps as a Taxpayer (Part 2) If you read last Monday’s…

GST Income Tax TDS

TDS on GST: Whether Tax Should Be Deducted on Gross Amount or GST-Exclusive Amount? A Complete Analysis under Sections 194C and 194J of the Income Tax Act, 1961

10 months ago

TDS on GST: Whether Tax Should Be Deducted on Gross Amount or GST-Exclusive Amount? A Complete Analysis under Sections 194C…

Income Tax

Allahabad High Court rules that Speed Post is not equivalent to Registered Post for Section 148 notice service

10 months ago

Allahabad High Court rules that Speed Post is not equivalent to Registered Post for Section 148 notice service Allahabad…

Income Tax

Here is another judgement on S.87A rebate on special income under new tax regime.

10 months ago

Here is another judgement on S.87A rebate on special income under new tax regime. The judgements on S.87A rebate…

Income Tax

Intimation under Section 143(1) cannot be issued after 9 months from the end of the FY in which the return is filed: ITAT

10 months ago

Intimation under Section 143(1) cannot be issued after 9 months from the end of the FY in which the return…

Income tax

Section 115BAA overrides all rate provisions, potentially disregarding special tax treatments under sections like 111A, 112, and 115BB: Delhi ITAT

10 months ago

Section 115BAA overrides all rate provisions, potentially disregarding special tax treatments under sections like 111A, 112, and 115BB: Delhi ITAT…

Income Tax

ITAT deleted addition due to invalidity of proceedings under Sections 147/148 and improper transfer under Section 127

10 months ago

ITAT deleted addition due to invalidity of proceedings under Sections 147/148 and improper transfer under Section 127 Hon’ble ITAT,…

Income Tax

Penny Stock Addition: Genuineness must be tested on human probabilities and surrounding circumstances, not mere documentation- ITAT Ahemedabad

Reassessment Notices Issued in the Name of a Deceased Person is invalid

Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade

No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification and corroboration: ITAT

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

Reassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT

Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out portions.

Burden is on the Revenue to justify the assumption of jurisdiction: Non-compliance with CBDT Circular rendered assessment invalid

ITR refund status 2025: Delays due to ‘red-flagged’ claims, says CBDT chairman:

Companies Amendment Bill: A Step Towards Ease of Doing Business

Foreign Tax Credit Allowable Even if Indian Tax on Foreign Income is Nil Due to Exemptions: ITAT

When Data Speaks Louder Than Returns: Your Next Steps as a Taxpayer (Part 2)

TDS on GST: Whether Tax Should Be Deducted on Gross Amount or GST-Exclusive Amount? A Complete Analysis under Sections 194C and 194J of the Income Tax Act, 1961

Allahabad High Court rules that Speed Post is not equivalent to Registered Post for Section 148 notice service

Here is another judgement on S.87A rebate on special income under new tax regime.

Intimation under Section 143(1) cannot be issued after 9 months from the end of the FY in which the return is filed: ITAT

Section 115BAA overrides all rate provisions, potentially disregarding special tax treatments under sections like 111A, 112, and 115BB: Delhi ITAT

ITAT deleted addition due to invalidity of proceedings under Sections 147/148 and improper transfer under Section 127

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