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…
Income Tax
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…
Inherited Jewellery & Ancestral Property: Report It Right, Not Bright!
Inherited Jewellery & Ancestral Property: Report It Right, Not Bright! [Query 1] My taxable income exceeded 1 crore this…
Section 54 Exemption Allowed Despite Property Purchase from Spouse: ITAT Mumbai
Section 54 Exemption Allowed Despite Property Purchase from Spouse: ITAT Mumbai Kavita Manoj Damani vs. ITO [ITA No. 2648/MUM/2024]…
AI in Tax and Legal Professions: A Revolution That Can’t Be Ignored
AI in Tax and Legal Professions: A Revolution That Can’t Be Ignored In today’s fast-evolving world, one thing is…
Surcharge Glitch Undermines New 12.5% LTCG Benefit on Property Sales
Surcharge Glitch Undermines New 12.5% LTCG Benefit on Property Sales A well-intended tax relief introduced in 2024 for real…
No Penalty for Bona Fide Delay in Filing ITR if Disclosure is Full in return in response to section 148: Ahmedabad ITAT Ruling
No Penalty for Bona Fide Delay in Filing ITR if Disclosure is Full in return in response to section 148:…
Foreign Tax Credit Allowed Despite Delay in Form 67 Filing: ITAT Kolkata Offers Relief to Global Taxpayers
Foreign Tax Credit Allowed Despite Delay in Form 67 Filing: ITAT Kolkata Offers Relief to Global Taxpayers In a…
AI Joins the Taxman: How the Income Tax Department is Using Artificial Intelligence to Catch Evasion
AI Joins the Taxman: How the Income Tax Department is Using Artificial Intelligence to Catch Evasion In an era where…
