CBDT Issues Fresh Guidelines On Risk Management Strategy Implementation

In a significant update, the Central Board of Direct Taxes (CBDT) has…

Direct Tax Weekly Flashback: 09 To 15 February 2025

Direct Tax Weekly Flashback for the period 9 to 15 February 2025.…

Offer To Pay Tax On Additional  Amount To Avoid Litigation Not Proof Of Undisclosed Income For Penalty: ITAT

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that…

ITAT Quashes Addition On Specified Bank Notes Deposited During Demonetization Citing Nature Of Firework Business

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has quashed the…

Evidentiary Value Of Pen Drive In Absence Of Certificate U/s 65B(4) Of Indian Evidence Act: ITAT Upholds Addition

The Pune Bench of Income Tax Appellate Tribunal upheld the addition against…

ITAT Allows Section 10(38) Exemption On Sale Of Share, Quashes Reassessment 

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) while quashing the…

AO’s Order Can’t Be Treated As Prejudicial To Interest Of Revenue When Permissible In Law: ITAT

The Rajkot Bench of Income Tax Appellate Tribunal (ITAT) has held that…

Enhanced Tax Rate Of 60% U/S 115BBE Not Applicable To Cash Deposits During Demonetisation: ITAT

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that…

MCX Investment Protection Fund Eligible For Income Tax Exemption : ITAT

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that…