The Board is responsible for stakeholder engagement. It should be kept informed about the interactions with various ...

ITO, the Telangana High Court dismissed the assessee’s appeal concerning the addition of ₹2,25,000 as unexplained income ...

The tribunal cited legal precedents, emphasizing that penalties under Section 271B should not be imposed when there is a reasonable cause for non-compliance. It noted that financial records for the ...

Upon review, the ITAT found procedural lapses, noting that both the AO and CIT (A) had issued summary, non-speaking orders, which did not provide the assessee a fair opportunity to present his case.

On 09.08.2024, Commissioner of Income Tax (Appeal) (in short ‘CIT (A)’) /NFAC, Delhi passed order u/s 250 of Income Tax Act, 1961 (in short ‘Act’), relating to the Assessment Year 2017-18 thereby ...

Delhi recently ruled in the case of ATS Real Estate Builders P. Ltd. v. DCIT concerning the disallowance of ₹3.55 crore under Section 43B of the Income Tax Act, 1961. The dispute arose from ...