An overview of latest Amendment in Tax Audit Report in Form No. 3CD
An overview of latest Amendment in Tax Audit Report in Form No. 3CD On April 1 2025 CBDT…
Income Tax
Whether the Assessing Officer can enquire into those issues which were beyond the scope of limited scrutiny?
Whether the Assessing Officer can enquire into those issues which were beyond the scope of limited scrutiny? In limited…
No Immunity from addition under Section 68 even if taxpayers opts for presumptive scheme of taxation under section 44AD
No Immunity from addition under Section 68 even if taxpayers opts for presumptive scheme of taxation under section 44AD …
Whether ITC can be denied for incorrect GSTIN mentioned on the Invoice/GST Portal due to inadvertent error by supplier?
Whether ITC can be denied for incorrect GSTIN mentioned on the Invoice/GST Portal due to inadvertent error by supplier? …
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.…
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 –…
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