Income Tax

Bombay High Court struck down the practice of adjusting tax refunds beyond the 20% demand payment as illegal and against CBDT Circulars.

1 May at 5:19 am

Bombay High Court struck down the practice of adjusting tax refunds beyond the 20% demand payment as illegal and against…

Income Tax other topic

BJP CA cell demanded Amnesty Scheme for Partnership Firms

1 May at 3:28 am

BJP CA cell demanded Amnesty Scheme for Partnership Firms Date: – 29/04/2025 To, Shri Devendra Fadnavis Ji Hon’ble Dy. Chief…

Income Tax

Key Changes in ITR Forms for AY 2025-26 You Should Know

1 May at 2:09 am

Key Changes in ITR Forms for AY 2025-26 You Should Know The Income Tax Department has notified several important…

Income Tax

Reopening cannot be based on incorrect or non-existent facts: ITAT Hyderabad

1 May at 1:29 am

Reopening cannot be based on incorrect or non-existent facts: ITAT Hyderabad The Indian Income Tax Act, 1961 provides a…

Income Tax

ITAT Delhi allowed the commission paid to shareholder-directors under section 36(1)(ii)

30 Apr at 10:26 am

ITAT Delhi allowed the commission paid to shareholder-directors under section 36(1)(ii) The Revenue filed an appeal before the Hon’ble…

Income Tax

Failure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before AO

30 Apr at 9:39 am

Failure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before…

Income Tax

Just Uploading on Portal is not equivalent to Service of Notice – Madras HC

30 Apr at 9:17 am

Just Uploading on Portal is not equivalent to Service of Notice – Madras HC In a significant relief to…

GST Income Tax

Just Uploading on Portal is not equivalent to Service of Notice – Madras HC

30 Apr at 2:07 am

Just Uploading on Portal is not equivalent to Service of Notice – Madras HC In a significant relief to…

Income Tax

Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines

30 Apr at 1:18 am

Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines Tired of inconsistent document…

Income Tax

Can a tax authority levy tax on an amount declared as an income by the assessee, even if that amount isn’t legally taxable?

29 Apr at 4:32 am

Can a tax authority levy tax on an amount declared as an income by the assessee, even if that amount…

Income Tax

Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines

29 Apr at 1:49 am

Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines Tired of inconsistent document…

Income Tax

Pune ITAT allows the taxation of profit Element in Unrecorded Sales – Held that admission isn’t Always Final

29 Apr at 1:32 am

Pune ITAT allows the taxation of profit Element in Unrecorded Sales – Held that admission isn’t Always Final The…

Income Tax

Foundational requirement for processing a return under Section 143(1) is that such return must be valid as per the Act

29 Apr at 1:25 am

Foundational requirement for processing a return under Section 143(1) is that such return must be valid as per the Act…

Income Tax

Notices Incoming for Non-Filers- An action under section 148 in process

29 Apr at 1:17 am

Notices Incoming for Non-Filers- An action under section 148 in process The IT Department has identified non-filers and is…

Income Tax

An addition of ₹ 10.33 Cr as commission income in the hands of the Auto Rickshaw Driver – ITAT Deleted addition with direction that the real culprits should be investigated

28 Apr at 10:25 am

An addition of ₹ 10.33 Cr as commission income in the hands of the Auto Rickshaw Driver – ITAT Deleted addition with…

Income Tax

Allotment date & not registration date is relevant for determining the holding period for capital Assets as Long-Term or Short-Term

28 Apr at 4:58 am

Allotment date & not registration date is relevant for determining the holding period for capital Assets as Long-Term or Short-Term…

Income Tax

When Luxury Meets Tax: CBDT’s New TCS Rules for Watches, Home Theatres — and Even Horses!

28 Apr at 1:29 am

When Luxury Meets Tax: CBDT’s New TCS Rules for Watches, Home Theatres — and Even Horses! CBDT’s latest notification…

Income Tax

Rejection of Books of Accounts: The profit estimation cannot be arbitrary or without any basis.

26 Apr at 7:36 am

Rejection of Books of Accounts: The profit estimation cannot be arbitrary or without any basis. Let us have a Short…

Income Tax

Bombay High Court struck down the practice of adjusting tax refunds beyond the 20% demand payment as illegal and against CBDT Circulars.

BJP CA cell demanded Amnesty Scheme for Partnership Firms

Key Changes in ITR Forms for AY 2025-26 You Should Know

Reopening cannot be based on incorrect or non-existent facts: ITAT Hyderabad

ITAT Delhi allowed the commission paid to shareholder-directors under section 36(1)(ii)

Failure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before AO

Just Uploading on Portal is not equivalent to Service of Notice – Madras HC

Just Uploading on Portal is not equivalent to Service of Notice – Madras HC

Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines

Can a tax authority levy tax on an amount declared as an income by the assessee, even if that amount isn’t legally taxable?

Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines

Pune ITAT allows the taxation of profit Element in Unrecorded Sales – Held that admission isn’t Always Final

Foundational requirement for processing a return under Section 143(1) is that such return must be valid as per the Act

Notices Incoming for Non-Filers- An action under section 148 in process

An addition of ₹ 10.33 Cr as commission income in the hands of the Auto Rickshaw Driver – ITAT Deleted addition with direction that the real culprits should be investigated

Allotment date & not registration date is relevant for determining the holding period for capital Assets as Long-Term or Short-Term

When Luxury Meets Tax: CBDT’s New TCS Rules for Watches, Home Theatres — and Even Horses!

Rejection of Books of Accounts: The profit estimation cannot be arbitrary or without any basis.

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