Judgement

The ITAT Delhi held the reassessment time-barred and upheld the deletion of additions for alleged bogus penny stock gains.

ITAT Quashes Reassessment, Upholds Deletion of Penny Stock LTCG Addition

ITAT invalidates reassessment after finding Section 148 notice lacked mandatory manual or digital signature.

ITAT Quashes Reassessment Over Unsigned Section 148 Notice Issued to Assessee

The ITAT remanded the software/SaaS FTS issue for fresh assessment and ruled that DTAA tax rates cannot be increased by surcharges/cess.

ITAT Sends Software and SaaS FTS Dispute Back for Fresh Review, Rules DTAA Tax Capping Includes Surcharge and Cess

News

Three men posing as Income Tax officers were caught after locals foiled their bid to rob a jeweller in Rampur, while two accomplices escaped.

Rampur: Three Held for Posing as Income Tax Officers to Rob Jeweller

The ITAT deletes the Section 271B penalty after holding that the inadvertent Form 3CD audit report error was covered under reasonable cause provisions.

ITAT Deletes Section 271B Penalty, Holds Form 3CD Reporting Error Covered Under Reasonable Cause

Notifications

The Centre has notified NaBFID's 10-year zero coupon bond issue with a maturity value of Rs 20,000 crore.

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ITAT Quashes Reassessment, Upholds Deletion of Penny Stock LTCG Addition

ITAT Quashes Reassessment Over Unsigned Section 148 Notice Issued to Assessee

ITAT Sends Software and SaaS FTS Dispute Back for Fresh Review, Rules DTAA Tax Capping Includes Surcharge and Cess

Rampur: Three Held for Posing as Income Tax Officers to Rob Jeweller

ITAT Deletes Section 271B Penalty, Holds Form 3CD Reporting Error Covered Under Reasonable Cause

Centre Issues 10-Year NaBFID Zero Coupon Bond of Rs 20,000 Crore