Issuance of notice under section 148 in faceless manner is mandatory: SLP filed by Income Tax Department dismissed by SC
Issuance of notice under section 148 in faceless manner is mandatory: SLP filed by Income Tax Department dismissed by SC…
Income Tax
Delhi High Court on Reassessment Proceedings: AO Cannot Review Own 148A(d) Order; Time-Bar under Section 149 Applies
Delhi High Court on Reassessment Proceedings: AO Cannot Review Own 148A(d) Order; Time-Bar under Section 149 Applies The recent…
CBDT issues Circular to provide relief in case of TDS demands on account of Non Linkage of PAN – Aadhar.
CBDT issues Circular to provide relief in case of TDS demands on account of Non Linkage of PAN – Aadhar.…
If order under section 263 quashed by ITAT, assessment done pursuant to section 263 doesn’t not survive. Filing of appeal by department at HC do not change the position
If order under section 263 quashed by ITAT, assessment done pursuant to section 263 doesn’t not survive. Filing of appeal…
Legal strategies for avoiding clubbing of income
Legal strategies for avoiding clubbing of income Clubbing provisions are anti-avoidance rules under the Income Tax Act, 1961, mainly covered…
10% Section 56(2)(x) Tolerance Limit for Property Valuation Retrospective: ITAT Mumbai
10% Section 56(2)(x) Tolerance Limit for Property Valuation Retrospective: ITAT Mumbai NFAC Vs NRB Developers (ITA No.5352/Mum/2024 & 5218/Mum/2024)…
Supreme Court Dismisses SLP in Faceless Reassessment Row: A Landmark Moment for Section 148 Proceedings
Supreme Court Dismisses SLP in Faceless Reassessment Row: A Landmark Moment for Section 148 Proceedings Introduction In one of…
Tax Refund Mafia & The Case of the Ghost Landlord: AI Strikes Again [Part – I]
Tax Refund Mafia & The Case of the Ghost Landlord: AI Strikes Again [Part – I] If you thought the Income…
Notices issued under section 148 by JAO & not FAO are invalid – Madras HC follows Bombay HC in Hexaware Technology
Notices issued under section 148 by JAO & not FAO are invalid – Madras HC follows Bombay HC in Hexaware…
GST Overhaul from July 1, 2025: What’s Changing? How It Matters?
GST Overhaul from July 1, 2025: What’s Changing? How It Matters? 1. GSTR-3B Now Locked Post-Filing – GSTR-3B will…
Can short term capital gain u/s 50 of I.T.Act,1961 arising from sale of depreciable assets be set off against brought forward business loss?
Can short term capital gain u/s 50 of I.T.Act,1961 arising from sale of depreciable assets be set off against brought…
Bogus Purchases vs. Embedded Profit: ITAT Relief for Small Trader
Bogus Purchases vs. Embedded Profit: ITAT Relief for Small Trader Ahmedabad Tribunal Says “Don’t Disallow the Whole, Just the…
Return of Income beyond the time limit provided under section 142(1) – Whether it is necessary to issue notice u/s 143(2)?
Return of Income beyond the time limit provided under section 142(1) – Whether it is necessary to issue notice u/s…
Preliminary Analysis of the Changes proposed in New Income Tax Bill by Select Committee
Preliminary Analysis of the Changes proposed in New Income Tax Bill by Select Committee SELECT COMMITTEE ON THE INCOME…
Only Chartered Accountants to continue to do all types of audits under the new Income tax Act
Only Chartered Accountants to continue to do all types of audits under the new Income tax Act SELECT COMMITTEE…
₹1,045 करोड़ के फर्जी दावे 40,000 करदाताओं ने खुद वापस लिए
₹1,045 करोड़ के फर्जी दावे 40,000 करदाताओं ने खुद वापस लिए आयकर विभाग (Income Tax Department) ने देशभर के 150 से…
Sending Money Out of India: A Complete Guide for NRIs and PIOs
Sending Money Out of India: A Complete Guide for NRIs and PIOs Are you an NRI or a Person…
₹1,045 Crore Bogus Claims Withdrawn by 40,000 Taxpayers Amid AI-Aided Crackdown
₹1,045 Crore Bogus Claims Withdrawn by 40,000 Taxpayers Amid AI-Aided Crackdown In a massive, coordinated move across India, the Income Tax…
