45(2)

Recent Posts

• Why you should Avoid Premature ITR Filing Due to Incomplete TDS Records
• Rights & Procedures for E-Way Bill Vehicle Detention Under GST
• Madras HC Grants Interim Stay on ₹92 Cr GST Demand on Blocked ITC by Clubbing SCNs
• 7 additional information and details required in ITR-1 and ITR-4 for A.Y. 2025–26, especially for taxpayers in the Old Regime:
• Once the source of cash is accepted and taxed under Section 269SS, second addition under Section 69A on the same amount is impermissible and amounted to double taxation.
• Purchase price of alleged penny stock cannot be disputed in year of sale of such stock.
• There is no requirement to file the books of account and vouchers if assessee has income u/s 44AD
• Purchasers cannot be left at the mercy of the seller as they can also not compel the selling dealer to file the return within stipulated time and deposit the tax Collected.
• Notice under Section 148 Issued by Jurisdictional AO Instead of Following Faceless Assessment Scheme: ITAT Quashed the proceeding
• Claim Based on Prevailing HC Ruling Not Inaccurate: ITAT Quashes Penalty Under Section 271(1)(c)