Judgement

ITAT Ahmedabad remanded the Rs. 30.76 crore alleged bogus purchase issue to the AO for fresh verification, including GST ITC reconciliation and supplier cross-checks.

ITAT Restores Bogus Purchase Issue of Rs. 30.76 Crore to AO for Fresh Verification

ITAT held that revision under Section 263 is permissible only where a proper inquiry is lacking and cannot be used to reopen issues already settled in appeal.

Section 263 Valid Only for Unexamined Issues, Cannot Reopen Matters Already Settled in Appeal: ITAT

News

Messi’s reported Rs. 89 crore India tour fee and Rs. 11 crore tax payment have ignited a heated online debate on tax fairness.

Rs. 89 Crore Earnings, Rs. 11 Crore Tax: Netizens Question Messi’s India Tour Deal

Articles

Taxpayers can submit the rectification for Section 80G deduction claim within four years from the end of the relevant assessment year

Got intimation that Donee PAN is not eligible for Section 80G deduction: CA shares solution for correction

The IT Department has intensified automated scrutiny and is issuing bulk notices to taxpayers for mismatches, non-disclosure of foreign assets, incorrect deductions, and non-compliance in ITR filing.

IT Dept Intensifies Data-Driven Tax Scrutiny; Issues Bulk Notices After AIS, TIS and Form 26AS Mismatch Detection

The Income Tax Department Gives Final Chance to Declare Foreign Assets, Warns of Black Money Law Action

IT Department Issues ‘Last Warning’ to MNC Employees on Undisclosed Foreign Assets

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