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Direct Tax
Faceless Appeal Unit Drops Rs. 5 Crore Loan Addition Under Section 68 in AY 2014-15
In a significant relief to a taxpayer, the Faceless Appeal Unit has dropped the...
Direct Tax
13-Year Delay in Tax Appeal: ITAT Indore Accepts Commercial Pilot’s Plea, Orders Fresh Assessment
The Indore Bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to...
Direct Tax
COVID Limitation Relief Applies Even ITR Filing: Madhya Pradesh HC
The Madhya Pradesh High Court has held that the COVID limitation relief applies to...
Direct Tax
INCOME TAX BREAKING | Excel Utilities for ITR-2 and ITR-3 for AY 2025-26 Now Available for Filing
The Income Tax Department has officially announced that the Excel Utilities for Income Tax...
Direct Tax
Bombay High Court Quashes ITAT Rectification Order Citing Lack of “Apparent Error”
The Bombay High Court has set aside the Income Tax Appellate Tribunal’s (ITAT) rectification...
Direct Tax
Assessee Can’t Be Penalised U/s 271(1)(c) Of Income-tax Act For Merely Raising Plausible Claim: Bombay High Court
The Bombay High Court has held that the assessee cannot be penalised under section...
Direct Tax
Taxpayers Under Litigation Eligible for 50% Settlement Under 2020 Samadhan Scheme, Not Full Payment: MP High Court
The Madhya Pradesh High Court has held that taxpayers whose demands are under litigation at the appellate stage are entitled to benefit from the concessional 50% tax settlement under the MP Karadhan Adhiniyamon Ki Purani Bakaya Rashi Ka Samadhan Adhyadesh, 2020 (commonly known as the Samadhan Scheme).
Direct Tax
ITAT Upholds Rs. 49.55 Lakh Addition For Bogus Agricultural Income Claim
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has upheld the addition of ₹49,55,101...
Direct Tax
ITAT Rejects ₹4 Crore Tax Additions Over Development Cost Misinterpretation
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has struck down over Rs....
Direct Tax
ITAT Cracks Down on Farmland Black Money Deals: This Ruling Makes Hidden Cash Taxable
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has taken direct aim at...
Direct Tax
WhatsApp Chats as Evidence in Income Tax Cases: Legal Recognition with Conditions
As digital communication increasingly shifts to platforms like WhatsApp, questions about the evidentiary value...
Direct Tax
PAN Not Mandatory For Lower TDS Under DTAA: Gujarat High Court
The Gujarat High Court has held the Permanent Account Number (PAN) is not mandatory...
Latest articles
Direct Tax
Agricultural Income Can’t Be Treated as Unexplained Money Merely Due to Revised Computation: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...
Direct Tax
Mere Mismatch Between ‘Loan’ and ‘Purchase Advance’ Can’t Trigger S. 69A Addition or S. 263 Revision: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a revisionary...
Direct Tax
Political Donation Can’t Be Treated as Bogus Without Proper Verification of Bank Transactions: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a dispute...
Direct Tax
Interest on Govt. Grant Funds Must Remain Part of Project Corpus, Not Taxable Income: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that interest...