HUF Gift to Member – Why It Should Be Treated as Exempt Under Section 10(2) of the IT Act?
HUF Gift to Member – Why It Should Be Treated as Exempt Under Section 10(2) of the IT Act? …
Income Tax
Assessee not required to prove “source of the source” of funds prior to Finance Act 2022
Assessee not required to prove “source of the source” of funds prior to Finance Act 2022 PCIT-4 DELHI vs.…
A Chartered Accountant is not required to verify the genuineness of documents submitted by clients: SC
A Chartered Accountant is not required to verify the genuineness of documents submitted by clients: SC Supreme Court has recently…
Additions under section 69A must rest on tangible, verifiable evidence, not presumptions and whatsapp Chat
Additions under section 69A must rest on tangible, verifiable evidence, not presumptions and whatsapp Chat Recently, Mumbai ITAT in…
PENNY STOCK LTCG CASES: THE EVOLUTION OF TAX LAW AND THE JUDICIAL REBUILDING OF SECTION 68 PRINCIPLES
PENNY STOCK LTCG CASES: THE EVOLUTION OF TAX LAW AND THE JUDICIAL REBUILDING OF SECTION 68 PRINCIPLES The controversy…
GP Estimation Rejected: Kanak Impex Becomes the Benchmark for Section 69C Cases
GP Estimation Rejected: Kanak Impex Becomes the Benchmark for Section 69C Cases SC dismisses the SLP: The Supreme Court…
Condonation of Delay in Trust Registration & 80G Renewal: What Trust need to know
Condonation of Delay in Trust Registration & 80G Renewal: What Trust need to know The Finance (No. 2) Act,…
Tax Compliance Made Easier: Capital Gains Accounts Now Digital
Tax Compliance Made Easier: Capital Gains Accounts Now Digital Introduction: The CBDT vide Notification No. 161/2025 dated November 19,…
When Scholarships Become Business Expenditure: What Harish Salve’s Case Teaches About Modern Brand-Building Under Income Tax Law
When Scholarships Become Business Expenditure: What Harish Salve’s Case Teaches About Modern Brand-Building Under Income Tax Law Can paying…
Can New Grounds Be Taken before ITAT without it being there before CIT (Appeal)?
Can New Grounds Be Taken before ITAT without it being there before CIT (Appeal)? One of the most common…
Can a Partner Claim Expenses Against Remuneration? Delhi ITAT Gives a Landmark Clarification
Can a Partner Claim Expenses Against Remuneration? Delhi ITAT Gives a Landmark Clarification A recent decision of the Delhi…
Your ITR vs Your Data: Why Many Taxpayers Got 143(2) Scrutiny Notices This Year
Your ITR vs Your Data: Why Many Taxpayers Got 143(2) Scrutiny Notices This Year If your email inbox suddenly…
FALSE HRA CLAIMS UNDER SCRUTINY OF INCOME TAX DEPARTMENT
FALSE HRA CLAIMS UNDER SCRUTINY OF INCOME TAX DEPARTMENT The Income Tax Department has launched one of its biggest…
Non-disclosure of required details in audit report: ROC penalized auditor
Non-disclosure of required details in audit report: ROC penalized auditor ROC penalized Deloitte Haskins & Sells, Statutory Auditor of…
CA issuance of Form No. 15CB under the Income-Tax Act does not amount to abetment of money laundering.
CA issuance of Form No. 15CB under the Income-Tax Act does not amount to abetment of money laundering. Supreme…
Penny Stock Addition: Genuineness must be tested on human probabilities and surrounding circumstances, not mere documentation- ITAT Ahemedabad
Penny Stock Addition: Genuineness must be tested on human probabilities and surrounding circumstances, not mere documentation- ITAT Ahemedabad ITAT…
Reassessment Notices Issued in the Name of a Deceased Person is invalid
Reassessment Notices Issued in the Name of a Deceased Person is invalid Reassessment Notices Issued in the Name of…
Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade
Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade An interesting issue…
