Nagpur ITAT deleted addition under section 69A in respect of cash loans as Assessee acted as a finance broker
Nagpur ITAT deleted addition under section 69A in respect of cash loans as Assessee acted as a finance broker …
Income Tax
An overview of FAQ on compounding of offences under Income Tax Act, 1961
An overview of FAQ on compounding of offences under Income Tax Act, 1961 The Income Tax Department has released…
Delay of 2372 days in filing Form 10B Condoned by Bombay HC
Delay of 2372 days in filing Form 10B Condoned by Bombay HC Facts of the Case: The Borivli Education Society,…
Transactions by Charitable Trust with Persons Specified U/s. 13(3) of Income Tax Act, 1961
Transactions by Charitable Trust with Persons Specified U/s. 13(3) of Income Tax Act, 1961 1. Introduction: Income Tax Law…
Key Updates on Compounding of Offences: An overview of the CBDT Circular No. 04/2025
Key Updates on Compounding of Offences: An overview of the CBDT Circular No. 04/2025 The Central Board of Direct…
Income Tax Penalties: An overview of the cost of Non – Compliance!
Income Tax Penalties: An overview of the cost of Non – Compliance! Failure to comply with Income Tax regulations…
Mere statement recorded during search cannot be treated as incriminating document for making addition in a search case
Mere statement recorded during search cannot be treated as incriminating document for making addition in a search case Pursuant…
Bogus Purchase Addition: Assessee gave no input & so there was no way to determine a gross profit – Entire amount deemed unexplained
Bogus Purchase Addition: Assessee gave no input & so there was no way to determine a gross profit – Entire…
Selective addition u/s. 69B for cash deposited during demonitization period unjustified: ITAT
Selective addition u/s. 69B for cash deposited during demonitization period unjustified: ITAT ITAT Ahmedabad has recently held that selective…
Non-Cooperation Has Its Price: Bombay High Court’s upheld the disallowance of entire purchase amount as against GP Ratio in a Bogus Purchase Case
Non-Cooperation Has Its Price: Bombay High Court’s upheld the disallowance of entire purchase amount as against GP Ratio in a…
ITAT Delhi Quashes Addition Based on ‘Dumb Documents’ in Section 153C Proceedings
ITAT Delhi Quashes Addition Based on ‘Dumb Documents’ in Section 153C Proceedings In a significant ruling, the Delhi Bench…
TDS on Payment to Partners – Applicable from the FY 2025-26
TDS on Payment to Partners – Applicable from the FY 2025-26 [Query 1] Is there any rule regarding capital…
Unabsorbed depreciation of one year becomes the part of depreciation of next year
Unabsorbed depreciation of one year becomes the part of depreciation of next year Unabsorbed depreciation of a year becomes…
Re-evaluation of the former records without new tangible material: Shahrukh Khan win Reassessment Battle
Re-evaluation of the former records without new tangible material: Shahrukh Khan win Reassessment Battle Here is a Triumph in…
Beneficial amendments should be applied retrospectively unless they impose a burden: ITAT Mumbai
Beneficial amendments should be applied retrospectively unless they impose a burden: ITAT Mumbai Here is another case before Mumbai ITAT…
Reassessment Quashed Due to Section 148 Notice Sent to Incorrect Email ID
Reassessment Quashed Due to Section 148 Notice Sent to Incorrect Email ID In the case of Nitin Jain vs…
ITAT Deleted the Disallowance as Payee Declared Income and Paid Taxes despite Absence of Form 26A
ITAT Deleted the Disallowance as Payee Declared Income and Paid Taxes despite Absence of Form 26A Here is an…
Whether “leaving India for the purpose of employment” includes person who left India for search of Employment?
Whether “leaving India for the purpose of employment” includes person who left India for search of Employment? Meaning of…
