Mumbai ITAT deleted the addition on account of penny stock in the hands of the Assessee.

Recent Posts

• CBDT Circular enhancing the monetary thresholds for filing appeals by the Department against orders passed in favor of the Assessee
• Income Tax Refund cannot be denied only on account of discrepancies in Form 26AS: Delhi HC
• Exemption u/s. 10(38) disallowed as sale of share was an affair to convert unaccounted money: ITAT Ahmedabad
• Understanding Deferred Tax Assets and Liabilities: An overview
• Can Input Tax Credit Under GST Be Availed Beyond the Time Limit?
• Major Recommendations of 54TH GST Council Meeting held on 09th September 2024
• Finance Act 2024: A Strategic Push towards the New Tax Regime
• Valuation report by the DVO alone cannot form a basis for reopening of completed assessment: Delhi HC
• Intricacies of Sec 43CA:
• GST Clarification on the issue of availability of ITC on Demo vehicles