Judgement

The ITAT Delhi Holds Profit Addition on Bogus Sales Must Be Reasonable
 


ITAT Restricts Addition on Bogus Sales to Higher of 1% GP or Declared GP

The ITAT Delhi holds that business income cannot be taxed under Section 44DA without a Permanent Establishment

The ITAT Delhi rules that mere inconsistencies in explaining seized cash do not justify sustaining entire addition


Before filing your Income Tax Return, make sure you've completed these important checks to avoid errors and delays.

Know whether you need to file your income tax return by July 31 or August 31 based on your income source and applicable ITR form.

The Income Tax Department has urged taxpayers to file ITR-1 and ITR-2 before the July 31 deadline to avoid penalties and last-minute rush