No direct evidence linked assessee to bogus LTCG: Nagpur ITAT deleted addition
No direct evidence linked assessee to bogus LTCG: Nagpur ITAT deleted addition Recently, Nagpur ITAT in the case of Dy.…
Income Tax
Bombay HC Imposes Interest on Income Tax Officer for Refund Delay
Bombay HC Imposes Interest on Income Tax Officer for Refund Delay Nirmalkumar Mulchand Puruswani (WP No 11043 of 2024)…
“Words May Deny, Actions Condone” – Hyderabad ITAT Remands Rental Income Addition for Reassessment
“Words May Deny, Actions Condone” – Hyderabad ITAT Remands Rental Income Addition for Reassessment The Hon’ble Tribunal observed that…
Re-opening o on “borrowed satisfaction” without fresh material or a live link to the taxpayer’s transactions is nothing but a “fishing inquiry.” – Supreme Court Dismisses Department’s Appeal
Re-opening o on “borrowed satisfaction” without fresh material or a live link to the taxpayer’s transactions is nothing but a…
Representation Regarding Delay in Release of ITR Utilities for AY 2025–26 – Request for Timely Accessibility and Compliance Facilitation
Representation Regarding Delay in Release of ITR Utilities for AY 2025–26 – Request for Timely Accessibility and Compliance Facilitation To…
Conversion of Proprietorship to Private Limited Company: Compliance and Conditions
Conversion of Proprietorship to Private Limited Company: Compliance and Conditions When a sole proprietorship is converted into a private…
Ad-hoc disallowances without rejection of books and without pinpointing specific defects are unsustainable: ITAT Delhi
Ad-hoc disallowances without rejection of books and without pinpointing specific defects are unsustainable: ITAT Delhi The Income Tax Appellate…
Failure to regularize the appointment of additional Director – ROC Kanpur imposed a penalty of Rs. 6 Lakh
Failure to regularize the appointment of additional Director – ROC Kanpur imposed a penalty of Rs. 6 Lakh In…
Wrong Facts, No Jurisdiction! Patna HC Cancels Reassessment Initiated on False Premise”
Wrong Facts, No Jurisdiction! Patna HC Cancels Reassessment Initiated on False Premise Recently, Patna HC cancelled the re-assessment Initiated on…
Key Changes in ITR Forms for AY 2025–26
Key Changes in ITR Forms for AY 2025–26 The Income Tax Department has notified several important updates in ITR…
An overview of key changes in the ITR-1 & ITR-4 for AY 2025-26
An overview of key changes in the ITR-1 & ITR-4 for AY 2025-26 1. Capital Gains Relief for…
Unregistered agreement to sale in one financial year and sale deed in another financial year – Year of Taxation?
Unregistered agreement to sale in one financial year and sale deed in another financial year – Year of Taxation? …
NFAC should have considered the amended Form No.35 and the amalgamation facts brought on record, rather than dismissing the appeal outright: ITAT Delhi
NFAC should have considered the amended Form No.35 and the amalgamation facts brought on record, rather than dismissing the appeal…
Assessment order quashed as the notice issued under Section 148A(b) provided a response time of less than 7 days – Bengaluru ITAT
Assessment order quashed as the notice issued under Section 148A(b) provided a response time of less than 7 days –…
Revenue cannot deny exemption without adequate inquiry or evidence of excessive payments: ITAT
Revenue cannot deny exemption without adequate inquiry or evidence of excessive payments: ITAT Dy. CIT(E) vs. Pardada Pardadi Educational…
Form 15H, Senior Citizens, and the ₹12 Lakh Rebate: Tax Tips for FY 2025–26
Form 15H, Senior Citizens, and the ₹12 Lakh Rebate: Tax Tips for FY 2025–26 Query 1] In the New Tax…
Delay in procedural compliance (filing Form 67) does not amount to misreporting under Section 270A(9)
Delay in procedural compliance (filing Form 67) does not amount to misreporting under Section 270A(9) ITAT Visakhapatnam decision in…
Can the Income Tax Department use electronic evidence in assessments or appeals without a Section 65B certificate of the Indian Evidence Act ?
Can the Income Tax Department use electronic evidence in assessments or appeals without a Section 65B certificate of the Indian…
