Judgement

ITAT quashes reassessment; holds absence of valid satisfaction, incriminating material, and limitation bar fatal under Section 153C

ITAT: Reassessment Under Section 153C Can’t Be Based on Diary Alone

Income Tax: ITAT Crushes Section 153C Reassessments Based on Dead Man’s Diary

News

Three TDS refund frauds in Maharashtra exposed misuse of PAN details and tax laws to illegally claim income tax refunds in Gondia and Nagpur.

Fake PANs and Bogus Returns: Inside Maharashtra’s Growing TDS Refund Scam

ITAT deletes Rs. 15.10 lakh addition, holding time gap alone insufficient to treat cash re-deposit as unexplained income

Demonetization Cash Deposits from Prior Withdrawals Can’t Be Taxed Just for Time Gap: ITAT

Articles

The Ministry of Finance has introduced some significant changes in buy-back taxation in the Finance Act (No. 2), 2024, which is effective from October 1, 2024.

Important Income Tax Alert: Major Amendment in Buy-Back Taxation

ITAT quashes 1.32 crore addition for cash deposit during demonetization, holding sales genuine

Cash During Demonetization: ITAT Says VAT Accepted Sales Can’t Be Taxed Again u/s 68

ITAT quashes 2.79 crore additions; holds AO’s actions lacked fair hearing, evidence, and legal justification.

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Income Tax: ITAT Crushes Section 153C Reassessments Based on Dead Man’s Diary

Fake PANs and Bogus Returns: Inside Maharashtra’s Growing TDS Refund Scam

Demonetization Cash Deposits from Prior Withdrawals Can’t Be Taxed Just for Time Gap: ITAT

Important Income Tax Alert: Major Amendment in Buy-Back Taxation

Cash During Demonetization: ITAT Says VAT Accepted Sales Can’t Be Taxed Again u/s 68

No Proof, No Tax: ITAT Quashes 2.79 Cr Additions Based on Assumptions