Section 80GGC: A Bank Payment Is Not Always Enough-But a General Allegation Is Not Enough Either
Section 80GGC: A Bank Payment Is Not Always Enough-But a General Allegation Is Not Enough Either Political donations…
Income Tax
New Income-tax Act, 2025: Can JCIT(A) Set Aside an Assessment? A Small Drafting Change May Create a Big Litigation Issue
New Income-tax Act, 2025: Can JCIT(A) Set Aside an Assessment? A Small Drafting Change May Create a Big Litigation Issue…
CIT(A) Cannot Tell AO to Reopen Another Assessment Year
CIT(A) Cannot Tell AO to Reopen Another Assessment Year Rajkot ITAT Holds Reassessment Void Ab Initio Where Reopening…
DVO Valuation and 10% Tolerance Band: Can the Income Tax Department Tax a Difference in Property Value after DVO report?
DVO Valuation and 10% Tolerance Band: Can the Income Tax Department Tax a Difference in Property Value after DVO report?…
Section 87A Rebate on STCG under Section 111A – Ready-to-Use Application before the Assessing Officer
Section 87A Rebate on STCG under Section 111A – Ready-to-Use Application before the Assessing Officer [A Practical Draft for…
When CPC Says “NO” to Rebate under Section 87A – Nagpur ITAT Says, Yes!
When CPC Says “NO” to Rebate under Section 87A – Nagpur ITAT Says, Yes! A significant ruling on Section…
Forgotten Foreign Bank Account? ₹ 5 Lakh Shares? A New Tax Window Has Opened!
Forgotten Foreign Bank Account? ₹ 5 Lakh Shares? A New Tax Window Has Opened! A former student who…
Belated Form 10B Cannot Defeat Charitable Exemption Under Section 11
Belated Form 10B Cannot Defeat Charitable Exemption Under Section 11 ITAT Holds That Audit Report Filing Is Procedural…
Section 54F Exemption Cannot Be Denied Merely Because Construction or Registration Is Delayed
Section 54F Exemption Cannot Be Denied Merely Because Construction or Registration Is Delayed Mumbai ITAT Says Genuine Allotment and Investment…
TDR Is Not Always a Zero-Cost Asset
TDR Is Not Always a Zero-Cost Asset Bengaluru ITAT Says TDR Received Against Surrender of Land Cannot Automatically Be…
₹104.99 Crore Purchase Addition Deleted: Bogus Purchase Does Not Automatically Mean Unexplained Expenditure
₹104.99 Crore Purchase Addition Deleted: Bogus Purchase Does Not Automatically Mean Unexplained Expenditure Bombay High Court Explains Why Section…
Seed Company on Leased Land Can Earn Exempt Agricultural Income
Seed Company on Leased Land Can Earn Exempt Agricultural Income ITAT Rajkot Says the Character of Income Depends…
₹5.01 Crore Suppressed Sales, But Only ₹10.02 Lakh Taxable
₹5.01 Crore Suppressed Sales, But Only ₹10.02 Lakh Taxable ITAT Mumbai Says Unrecorded Turnover Cannot Automatically Be Treated as…
Foreign Asset Disclosure Scheme 2026: 60% Tax or Just ₹1 Lakh?
Foreign Asset Disclosure Scheme 2026: 60% Tax or Just ₹1 Lakh? The Reason Why a Foreign Asset Was Not…
Suspicion Is Not Income: Karnataka HC Rejects Tax Additions Based on Extrapolation
Suspicion Is Not Income: Karnataka HC Rejects Tax Additions Based on Extrapolation Seized Papers May Trigger an Enquiry-But…
DVO Cannot Come First: Books Must Be Rejected Before Valuation Reference
DVO Cannot Come First: Books Must Be Rejected Before Valuation Reference Madras High Court Explains the Real Meaning…
Form 3CD Is Changing: The Clauses That Can Make Tax Audit More Challenging
Form 3CD Is Changing: The Clauses That Can Make Tax Audit More Challenging Why Tax Auditors Need to…
₹23.33 Crore Addition Deleted: ITAT Says Wrong ITR Column Is Not Undisclosed Income
₹23.33 Crore Addition Deleted: ITAT Says Wrong ITR Column Is Not Undisclosed Income A clerical mistake in the…
