Key Changes in ITR Forms for AY 2025-26 You Should Know
Key Changes in ITR Forms for AY 2025-26 You Should Know The Income Tax Department has notified several important…
Income Tax
Reopening cannot be based on incorrect or non-existent facts: ITAT Hyderabad
Reopening cannot be based on incorrect or non-existent facts: ITAT Hyderabad The Indian Income Tax Act, 1961 provides a…
ITAT Delhi allowed the commission paid to shareholder-directors under section 36(1)(ii)
ITAT Delhi allowed the commission paid to shareholder-directors under section 36(1)(ii) The Revenue filed an appeal before the Hon’ble…
Failure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before AO
Failure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before…
Just Uploading on Portal is not equivalent to Service of Notice – Madras HC
Just Uploading on Portal is not equivalent to Service of Notice – Madras HC In a significant relief to…
Just Uploading on Portal is not equivalent to Service of Notice – Madras HC
Just Uploading on Portal is not equivalent to Service of Notice – Madras HC In a significant relief to…
Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines
Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines Tired of inconsistent document…
Can a tax authority levy tax on an amount declared as an income by the assessee, even if that amount isn’t legally taxable?
Can a tax authority levy tax on an amount declared as an income by the assessee, even if that amount…
Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines
Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines Tired of inconsistent document…
Pune ITAT allows the taxation of profit Element in Unrecorded Sales – Held that admission isn’t Always Final
Pune ITAT allows the taxation of profit Element in Unrecorded Sales – Held that admission isn’t Always Final The…
Foundational requirement for processing a return under Section 143(1) is that such return must be valid as per the Act
Foundational requirement for processing a return under Section 143(1) is that such return must be valid as per the Act…
Notices Incoming for Non-Filers- An action under section 148 in process
Notices Incoming for Non-Filers- An action under section 148 in process The IT Department has identified non-filers and is…
An addition of ₹ 10.33 Cr as commission income in the hands of the Auto Rickshaw Driver – ITAT Deleted addition with direction that the real culprits should be investigated
An addition of ₹ 10.33 Cr as commission income in the hands of the Auto Rickshaw Driver – ITAT Deleted addition with…
Allotment date & not registration date is relevant for determining the holding period for capital Assets as Long-Term or Short-Term
Allotment date & not registration date is relevant for determining the holding period for capital Assets as Long-Term or Short-Term…
When Luxury Meets Tax: CBDT’s New TCS Rules for Watches, Home Theatres — and Even Horses!
When Luxury Meets Tax: CBDT’s New TCS Rules for Watches, Home Theatres — and Even Horses! CBDT’s latest notification…
Rejection of Books of Accounts: The profit estimation cannot be arbitrary or without any basis.
Rejection of Books of Accounts: The profit estimation cannot be arbitrary or without any basis. Let us have a Short…
Compensation received for removing the nuisance should be treated as a capital receipt and hence not taxable: ITAT Mumbai
Compensation received for removing the nuisance should be treated as a capital receipt and hence not taxable: ITAT Mumbai Mumbai…
Unaccounted amount of Rs 103 cr credited to the account of a rickshaw driver: ITAT deleted the addition
Unaccounted amount of Rs 103 cr credited to the account of a rickshaw driver: ITAT deleted the addition Surendra…
