Articles

The Old UDINs for audit reports show the assessee's PAN as "NA", even for the cases where the PAN was correctly entered during the filing.

CA Flags Major Issue on New UDIN Portal: PAN Showing NA

Judgement

The tribunal ruled that the assessee was not required for a tax audit, and it deleted the Rs 1.5 lakh penalty levied under section 271B of the Income Tax Act.

ITAT Deletes Penalty on Share Broker for Failure to Submit Tax Audit Report

A seemingly minor lapse in DIN disclosure can result into massive penalties, proving that statutory compliance is never just a formality.

Hidden Cost of Non-Compliance: A Rs. 63.9 Lakh Lesson in DIN Reporting

Know the changes to the PF withdrawal rules for your Social Security needs, Housing needs etc.

Understanding the New PF Withdrawal Rules: Know How to Apply

ITAT Ahmedabad deletes Rs. 10.09 lakh demonetisation cash deposit addition, holding Section 69A unjustified due to proper explanation.

ITAT Ahmedabad Deletes Rs. 10.09 Lakh Addition on Demonetisation Cash Deposits

ITAT holds that the delayed filing of the audit report in Form 10B is procedural, not mandatory, and the Section 11 exemption cannot be denied on this ground.

ITAT Rules Late Form 10B Filing Cannot Deny Section 11 Exemption; Tribunal Favours Assessee

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