Making a House Livable vs Making It Lovely: A Section 54 Reality Check
Making a House Livable vs Making It Lovely: A Section 54 Reality Check I recently sold my old house…
Income Tax
“JAGO CPC WALO!” – When the Income-Tax Department Sends Wake-Up Calls… After You’ve Already Woken Up
“JAGO CPC WALO!” – When the Income-Tax Department Sends Wake-Up Calls… After You’ve Already Woken Up If taxes ever needed…
Section 276C(2) demands proof of deliberate evasion, not just default.
Section 276C(2) demands proof of deliberate evasion, not just default. Recently, Hon’ble Justice S.M. Modak in a landmark Bombay…
Excess stock found during survey is taxable as business income and not as unexplained income under sections 69/69B: Jaipur ITAT
Excess stock found during survey is taxable as business income and not as unexplained income under sections 69/69B: Jaipur ITAT…
An assessment order making additions on matters beyond the scope and issues set out in the show cause notice is non est in law.
An assessment order making additions on matters beyond the scope and issues set out in the show cause notice is…
When the original reason fails, the AO cannot make any other addition in a reassessment proceeding: ITAT
When the original reason fails, the AO cannot make any other addition in a reassessment proceeding: ITAT Recently, ITAT…
Addition done during assessment is invalid if it is done without waiting for the DVO Report: ITAT Ahmedabad
Addition done during assessment is invalid if it is done without waiting for the DVO Report: ITAT Ahmedabad Recently,…
Purchase from Government – No addition under Section 56(2)(x) for purchase below stamp duty valuation: ITAT
Purchase from Government – No addition under Section 56(2)(x) for purchase below stamp duty valuation: ITAT In a landmark…
5 Years vs. 6 Years Controversy for utilisation of accumulated amount for trust: ITAT Held that the CPC cannot apply statutory amendments retrospectively
5 Years vs. 6 Years Controversy for utilisation of accumulated amount for trust: ITAT Held that the CPC cannot apply…
Income Tax Department Sends SMS & Emails to 25,000 Taxpayers for Non-Disclosure of Foreign Assets: A Serious Wake-Up Call for AY 2025–26
Income Tax Department Sends SMS & Emails to 25,000 Taxpayers for Non-Disclosure of Foreign Assets: A Serious Wake-Up Call for…
Section 153C Notice invalidated by Gujarat HC for Inordinate Delay in Recording Satisfaction Note
Section 153C Notice invalidated by Gujarat HC for Inordinate Delay in Recording Satisfaction Note The recent judgment of the Gujarat…
It is incorrect to deny ITC to recipient/buyer for genuine purchase , for default in compliance to show sales in GSTR 1 by supplier
It is incorrect to deny ITC to recipient/buyer for genuine purchase , for default in compliance to show sales in…
Applicability of Section 54F Where Assessee Holds a Jointly-Owned Residential Property
Applicability of Section 54F Where Assessee Holds a Jointly-Owned Residential Property ITAT Delhi recently in the case of Kusum…
Merely because a registered sale deed was not executed, the genuineness of consideration received under agreement to sell cannot be doubted
Merely because a registered sale deed was not executed, the genuineness of consideration received under agreement to sell cannot be…
Lack of definitive quantum of escapement and change of opinion: Gujarat HC held reopening invalid
Lack of definitive quantum of escapement and change of opinion: Gujarat HC held reopening invalid The assessee had recorded…
Section 153C arises only upon timely recording of satisfaction. If this foundational step is delayed without justification, subsequent actions lose legal validity: Gujarat HC
Section 153C arises only upon timely recording of satisfaction. If this foundational step is delayed without justification, subsequent actions lose…
Raipur ITAT on Penny Stock Addition: Not permissible mechanically without any direct evidence showing the assessee’s involvement in rigging or providing/receiving accommodation entries
Raipur ITAT on Penny Stock Addition: Not permissible mechanically without any direct evidence showing the assessee’s involvement in rigging or…
To have rectification power of ITAT under section 254(2), an issue must be self-evident without need for elaborate argument or re-examination.
To have rectification power of ITAT under section 254(2), an issue must be self-evident without need for elaborate argument or…
, an issue must be self-evident without need for elaborate argument or re-examination.){kind=link}
, an issue must be self-evident without need for elaborate argument or re-examination.&description=&image=https://thetaxtalk.com/wp-content/uploads/2025/12/Slide1-8.jpg){kind=link}