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Income Tax Act 1961

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Additions U/s 69C On Account Of Excess Stock Cant Be Based On Third Party Statements Alone Without Any Corroboration: Delhi ITAT

Additions U/s 69C On Account Of Excess Stock Can't Be Based On Third Party Statements Alone Without Any Corroboration: Delhi ITAT

6 Aug 2024

Mistake Of Law – Is It A Checkmate? Not So apparent!

Mistake Of Law – Is It A Checkmate? Not So apparent!

5 Aug 2024

Unexplained Cash Credited To Assessees Book Would Be Treated As Taxable Income Under Income Tax Act, 1961: Chhattisgarh High Court

Unexplained Cash Credited To Assessee's Book Would Be Treated As Taxable Income Under Income Tax Act, 1961: Chhattisgarh High Court

5 Aug 2024

Wrong Assessment U/s 44ADA By AO Attracts Revisionary Interference: Punjab & Haryana HC Upholds Revision By PCIT U/s 263

Wrong Assessment U/s 44ADA By AO Attracts Revisionary Interference: Punjab & Haryana HC Upholds Revision By PCIT U/s 263

1 Aug 2024

Rationalisation Of Charitable Trusts Provisions: Budget 2024-25

Rationalisation Of Charitable Trusts Provisions: Budget 2024-25

23 July 2024

Object Of Introduction Of Faceless Assessment Stands Defeated If Show Cause Notice U/s 148 Is Issued By Jurisdictional AO: Punjab & Haryana HC

Object Of Introduction Of Faceless Assessment Stands Defeated If Show Cause Notice U/s 148 Is Issued By Jurisdictional AO: Punjab & Haryana HC

23 July 2024

AO Must Pass Draft Assessment If He Proposes Variation In Returned Income: Chennai ITAT Explains Scope Of Sec 144C

AO Must Pass Draft Assessment If He Proposes Variation In Returned Income: Chennai ITAT Explains Scope Of Sec 144C

18 July 2024

Cash Sales Cant Take Place Before Commencement Of Business: Delhi ITAT Deletes Addition U/s 69A On Receipts From Such Sale

Cash Sales Can't Take Place Before Commencement Of Business: Delhi ITAT Deletes Addition U/s 69A On Receipts From Such Sale

18 July 2024

Statutory Authority Must Not Grant Approval U/s 153D Mechanically: Delhi ITAT Criticizes On Unjust Exercise Of Discretion By AO

Statutory Authority Must Not Grant Approval U/s 153D Mechanically: Delhi ITAT Criticizes On Unjust Exercise Of Discretion By AO

18 July 2024

Rejection Of Belated Objections By DRP Does Not Extend Limitation Of Passing Final Assessment U/s 144(4): Delhi ITAT

Rejection Of Belated Objections By DRP Does Not Extend Limitation Of Passing Final Assessment U/s 144(4): Delhi ITAT

29 Jun 2024

Reasonable Cause Excludes Operation Of Sec 271D: Bangalore ITAT Deletes Penalty

Reasonable Cause Excludes Operation Of Sec 271D: Bangalore ITAT Deletes Penalty

29 Jun 2024

Assessments Concluded U/s 153A Without Mandatory Approval U/s 153D Would Be Void: Delhi ITAT

Assessments Concluded U/s 153A Without Mandatory Approval U/s 153D Would Be Void: Delhi ITAT

14 Jun 2024