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Recent Posts

• Section 276C(2) demands proof of deliberate evasion, not just default.
• 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.
• When the original reason fails, the AO cannot make any other addition in a reassessment proceeding: ITAT
• Addition done during assessment is invalid if it is done without waiting for the DVO Report: ITAT Ahmedabad
• Purchase from Government – No addition under Section 56(2)(x) for purchase below stamp duty valuation: ITAT
• 5 Years vs. 6 Years Controversy for utilisation of accumulated amount for trust: ITAT Held that the CPC cannot apply statutory amendments retrospectively
• 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
• Section 153C Notice invalidated by Gujarat HC for Inordinate Delay in Recording Satisfaction Note
• It is incorrect to deny ITC to recipient/buyer for genuine purchase , for default in compliance to show sales in GSTR 1 by supplier