Read a detailed proposal to the Finance Minister outlining a multi-vendor model to solve persistent ITR portal glitches, reduce single-vendor risk, and improve ...

The ITAT confirmed that a commission paid to non-resident agents operating solely abroad, without a Permanent Establishment (PE) in India, is not taxable in the country. This finding resulted in the ...

The Tribunal held that the Jurisdictional AO lacked the legal authority to issue the Section 148 notice after the CBDTs notification mandating the Faceless AO. Since the foundation of the reopening ...

The Base Metal Chemicals vs ACIT case examines the validity of large tax additions made by the AO on conversion charges, partner payments, under-invoiced sales, and stock valuation. The key issue was ...

ITAT Ahmedabad ruled that while purchases from a blacklisted entity were not fully proven, the entire amount couldn't be added to income as corresponding sales were accepted. Following Gujarat High ...

The Tribunal allowed the taxpayer's legal ground, holding that the statutory requirement of prior approval under Section 153D was reduced to an empty formality. The ruling emphasizes that the approval ...

The Tribunal ruled that cash deposits during demonetisation, sourced from verifiable housing loan withdrawals, were explained and not unexplained income. Following the P&H HC, the ITAT held that the ...

The Tribunal held that the AO and CIT(A) erred by rejecting the explanation (withdrawal via bearer cheque) simply because the assessee had not used that method before. The ruling emphasized that the ...

The ruling, guided by the Delhi HC s Suman Jeet Agarwal case, states the date of delivery to the post office determines the notice's ...

The Tribunal allowed the taxpayer's appeal, confirming that suspicion alone cannot lead to an addition under section 69A, especially when sales records and VAT returns were furnished. The ruling ...

The case confirms that the CBDT's Section 151A notification makes the NFAC/NPAC the sole authority for issuing Section 148 reassessment notices after March 29, 2022.4 The ITAT ruled that the local AO ...

Chennai ITAT ruled that a police canteen operating on the principle of mutuality is not carrying on 'business' under the Income-tax Act, making the mandatory tax audit provision of u/s44AB ...