High Court Dismisses Petition Challenging Notification No. 56/2023 Due to Availability of Alternative Remedy Under Section ...

9. Pursuant to the order of the Delhi High Court dated 5th September, 2016 in P. (C) 7851/2016, the Deputy Commissioner ...

In the matter abovementioned ITAT deleted additions u/s 69A made on account of cash deposit during demonetization after ...

Andhra Pradesh High Court has set aside an unsigned GST assessment order issued to Sandhya Constructions for the period ...

The Finance Bill 2025 proposes 11 significant amendments to GST provisions, addressing anomalies and introducing new mechanisms. Effective April 2025, input tax credit (ITC) distribution by input ...

The AO initially passed an assessment order, making additions related to transfer pricing adjustments and disallowance under Section 14A. Subsequently, the assessment was reopened under Section 147 ...

Proprietors must file Form 1040, which is the standard form for the income tax returns. 3. File Schedule C: Attach Schedule C (Form 1040), which reports business incomes and expenses. 4. File Schedule ...

How is Cost Inflation Index used in Income Tax? Long term capital assets are recorded at cost price in books. Despite increasing inflation, they exist at the cost price and cannot be revalued. When ...

An order requiring CBDT’s approval must be explicitly issued by CBDT or its members: Bombay HC ...

Sections 147/148 remain applicable if AO opts not to invoke Section 153C: ITAT Mumbai upholds addition under Section 68 of ₹4.89 Cr.

A key point of contention was the society’s claim for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961, for interest income received from various banks, including nationalized banks.

Chennai reviewed an appeal by Gangalam Oil and Foods Pvt. Ltd. regarding the confirmation of an addition of ₹42.72 lakh, representing cash deposits made during the demonetization period for the ...