The ITAT Raipur ruled in favor of Kuldeep Jiwan Mahant, deleting an addition made under Section 68 for cash deposits, citing bank passbooks are not "books" for this ...

Delhi High Court is examining if consolidated GST Show Cause Notices across multiple financial years are legal. Conflicting judicial precedents from various High Courts are being ...

Telangana High Court dismisses a bookie's appeal, affirming a Rs. 1 lakh penalty for failing to audit accounts despite a high ...

Circular No. 116-Income Tax In exercise of the powers available under section 49A of the 1922 Act, the Government of India had issued a Notification dated 23-6-1956 called the Income-tax (Double ...

Circular : No. 104-Income Tax On the basis of the decision of the Gujarat High Court in the case of Dayalbhai Madhavji Vadera v. CIT [1966] 60 ITR 551, the Board had issued instructions that if the ...

ITAT Delhi held that deduction under section 54F of the Income Tax Act allowable since the provisions of section 54F allows for construction of the property within a period of three years. Accordingly ...

Understand importance of timely LLP registration in India. Learn about limited liability, separate legal entity status, management flexibility, no minimum ...

Unlock higher tax refunds for FY 2024–25 by understanding eligible deductions (80C, 80D, HRA), utilising presumptive taxation, and avoiding common ITR filing errors like data mismatches and incorrect ...

The ITAT Bangalore ruled that St. Joseph Engineering College Alumni Association cannot be denied 12AB registration solely for ...

The ITAT Bangalore ruled in favor of Lakshmanram Bheemaji Purohit, deleting an addition for alleged bogus purchases. The court held that no disallowance can be made when an assessee files income under ...

Section 74 GST provisions for ITC fraud disproportionately affect genuine dealers. Learn about compliance burdens, the need for robust documentation, and a proposed amnesty scheme to ease litigation ...

Understand the significant Income Tax Return (ITR) changes for FY 2024–25 (AY 2025–26), including the new default tax regime, enhanced disclosure requirements, simplified capital gains reporting, and ...