Expenses crystallized during the relevant year is not prior-period expenses
Expenses crystallized during the relevant year is not prior-period expenses The Tribunal in the case of Delhi Tribunal: Dixon…
Income Tax
Reassessment is invalid as PCIT approval is mechanical and on vague Reasons: ITAT Kolkata
Reassessment is invalid as PCIT approval is mechanical and on vague Reasons: ITAT Kolkata The ITAT Kolkata allowed the appeal…
Deduction towards CSR Expenditure for scientific research allowed U/s 35 as it is covered by Section 35 which is independent and are not overridden by Explanation 2.
Deduction towards CSR Expenditure for scientific research allowed U/s 35 as it is covered by Section 35 which is independent…
Income Tax Refund: Refund Principles of natural justice and fair play should be followed- Bombay HC
Income Tax Refund: Refund Principles of natural justice and fair play should be followed- Bombay HC Bombay HC in…
Cash is No Longer King: How the Income-Tax Act is making you Digital
Cash is No Longer King: How the Income-Tax Act is making you Digital Cash transactions are under the scanner…
Loose papers cannot be considered as admissible evidence for making an addition unless backed by independent corroborative material.
Loose papers cannot be considered as admissible evidence for making an addition unless backed by independent corroborative material. Recently, ITAT…
An overview of the Key Changes in ITR Forms for AY 2025–26
An overview of the Key Changes in ITR Forms for AY 2025–26 The Income Tax Department has notified several…
If the tax effect as per the computation form provided by AO is below Rs. 60 lakhs, the appeal is liable to be dismissed on the ground of low tax effect: Delhi ITAT
If the tax effect as per the computation form provided by AO is below Rs. 60 lakhs, the appeal is…
Hyderabad ITAT deleted demonetization cash deposit addition as no concrete basis existed for treating the higher sales in that month as fictitious
Hyderabad ITAT deleted demonetization cash deposit addition as no concrete basis existed for treating the higher sales in that month…
Documents signed by 3rd party cannot be held to be colorable devise without verification.
Documents signed by 3rd party cannot be held to be colorable devise without verification. Recently, ITAT in one of the…
If the notice is digitally signed on 01-04-2021 at 12.45 am then such notice is barred by the limitation u/s 148: ITAT Rajkot
If the notice is digitally signed on 01-04-2021 at 12.45 am then such notice is barred by the limitation u/s…
Unsigned & Unverified papers cannot form the basis for addition u/s 69B
Unsigned & Unverified papers cannot form the basis for addition u/s 69B Recently, ITAT DELHI:-SHYAM SUNDER BANG VERSUS ACIT…
Bona Fide Belief With Genuineness Of Transaction Constitutes Reasonable Cause U/S 273B: Chhattisgarh HC
Bona Fide Belief With Genuineness Of Transaction Constitutes Reasonable Cause U/S 273B: Chhattisgarh HC Sandeep Kaur Gill v. Union of…
Short overview of the CARO 2020- What it covers?
Short overview of the CARO 2020- What it covers? CARO 2020 is a new format for the issue of…
Tax liability is governed by the law prevailing at the time of entering into the transaction: Nagpur ITAT
Tax liability is governed by the law prevailing at the time of entering into the transaction: Nagpur ITAT The…
An interplay between Charity and Business for the purpose of section 2(15), 11(4A) and 13(8)
An interplay between Charity and Business for the purpose of section 2(15), 11(4A) and 13(8) For those working with charitable…
Whether rectification under section 154 of the Income Tax Act, 1961 can be filed even if the appeal is filed before CIT (A) under section 250?
Whether rectification under section 154 of the Income Tax Act, 1961 can be filed even if the appeal is filed…
No notice under section 143(2) Notice – Assessment May Be Void
No notice under section 143(2) Notice – Assessment May Be Void As per CBDT Circular No. F.No.225/157/2017/ITA-II dated 23.06.2017, any…
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