Judgement

ITAT deletes 77.64 lakh 14A disallowance for lack of AO satisfaction; remands TP interest adjustment to TPO for working capital analysis.

Tribunal Rejects 14A Addition, Orders Fresh Review on TP Interest

Articles

Just opting for the presumptive scheme is not enough to get relief; your declared income must match spending and banking activity.

Are Section 44AD and Section 44ADA Safe heaven from Income Tax Scrutiny?

News

Faridabad CGST issues advisory urging applicants to follow key guidelines to prevent fake GST registrations and ensure a transparent tax system.

GST Fraud Prevention: Faridabad CGST Issues Urgent Guidelines for Applicants

Reopening beyond 3 years without sanction from correct authority invalid; DVO report shows variation below threshold

ITAT Quashes Reassessment Beyond 3 Years for Lack of Proper Sanction

With the new tax audit rule, the partner in the accounting firm will be able to do only 60 audits annually.

Big Breaking: ICAI to Limit 60 Tax Audits per Partner

Mass scrutiny notices under Section 143(2) for AY 2024-25 are being issued due to AIS-ITR mismatches, unreported income, and filing errors. Here's what taxpayers need to know.

CBDT Started MASS Dispatch of Scrutiny Notices for AY 2024-25; Know What You Should Do Immediately

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