Articles

The speed of refund is based on the timing and accuracy of your return filing.

Salaried Individual Vs Business Professional: Who Receives Income Tax Refund Faster?

News

A man accused of creating fake GST firms using stolen personal details was arrested by the CCB after evading police for over two years.

CCB Arrests a Mastermind Accused in Rs. 1.74 Crore Fake GST Firm Fraud Case in Chennai

Judgement

ITAT ruled that the cash deposits were genuine business receipts from a kirana shop and deleted the entire Rs. 20.23 lakh Section 69 addition.

ITAT Ahmedabad Deletes Rs. 20.23 Lakh Cash Deposit Addition, Rejects Unexplained Investment Theory

The Tribunal cited section 49(1)(ii), which clarifies that the cost of acquisition for the person receiving the asset is considered to be the cost for which the previous owner originally acquired it.

Holding Period of Shares from Donor is Included for LTCG Eligibility: ITAT

The Allahabad High Court quashed GST orders after finding that authorities wrongly invoked Section 130 instead of Sections 73/74 for excess stock proceedings.

Excess Stock Case: Allahabad High Court Quashes GST Orders Issued Under Wrong Provision

The Tribunal held that commissioner cannot invoke section 263 just because he holds a different opinion or believes that further enquiries should be made.

Section 263 Jurisdiction Based on Assumptions and Suspicion is Impermissible: ITAT

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