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Recent Posts

• Section 153C Proceedings Invalid if Satisfaction Note Recorded After 01.04.2021: Important Tribunal Ruling
• Opening Balance of Unsecured Loans Cannot Be Taxed Under Section 68: Important ITAT Delhi Ruling
• “Beneficial Provision Cannot Be Eclipsed by Procedural Formalism”: ITAT Chandigarh Grants Full Section 54 Relief Despite Joint Ownership
• Undated “Reasons to Believe” and Mechanical Approval Under Section 151 Render Reassessment Invalid: Delhi ITAT Quashes Assessment
• Delay of Just 13 Days in Filing Form 10-IC Could Have Cost ₹5 Crore – Bombay High Court Restores Section 115BAA Benefit
• Demolition Is Not Transfer: ITAT Visakhapatnam Upholds Section 54F Exemption Despite Subsequent Demolition of Residential Property
• ITAT Rajkot Delivers Landmark Ruling on Reassessment Beyond 3 Years: ₹50 Lakh Threshold Under Section 149 Cannot Be Artificially Inflated
• ITAT Deletes Gold Addition During Search: CBDT Instruction No. 1916 Protects Jewellery from Tax Addition
• Interest-Bearing Loan Repaid Later Still Taxable as Deemed Dividend? Important ITAT Delhi Ruling Under Section 2(22)(e)
• No Penalty Under Section 270A if Return Filed Under Section 148 is Accepted Without Addition: Important ITAT Ahmedabad Ruling