Judgement

ITAT dismisses the appeal and upholds the penalty for bogus purchases due to failure to provide supporting evidence.

ITAT Upholds Penalty for Bogus Purchases Due to Lack of Evidence

Court Rules "Proper Service" is a Mandatory Jurisdictional Fact, Not a Mere Procedural Formality

HC Quashes Assessment for Non-Service of SCN, Orders Fresh Proceedings

ITAT Bangalore held that once an NCLT-approved resolution plan extinguishes government dues, pending tax demands cannot be enforced, rendering the appeal infructuous.

IBC Overrides Income Tax Demands: ITAT Rules NCLT-Approved Plan Nullifies Past Dues, Dismisses Appeal

News

The Income Tax Department has simplified the process for making PAN-based TDS payments by introducing a unified Form 141 under section 393(1) of the Income Tax Act 2025.

Income Tax Update: PAN-Based TDS Payments Can Now Be Made Using a Single Form 141

Press Release

The Income Tax Act 2025 has been implemented, replacing the 1961 Act, to simplify the tax system and introducing new rules and forms for easier compliance and administration.

Introduction to Income Tax Act 2025: Objective of Tax System Simplification

The Court noted that this issue has already been solved by the Supreme Court in the case of Engineering Analysis Centre of Excellence Pvt. Ltd. V. Commissioner of Income Tax and Anr.

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ITAT Upholds Penalty for Bogus Purchases Due to Lack of Evidence

HC Quashes Assessment for Non-Service of SCN, Orders Fresh Proceedings

IBC Overrides Income Tax Demands: ITAT Rules NCLT-Approved Plan Nullifies Past Dues, Dismisses Appeal

Income Tax Update: PAN-Based TDS Payments Can Now Be Made Using a Single Form 141

Introduction to Income Tax Act 2025: Objective of Tax System Simplification

Software Payment to Non-Resident Suppliers is Not Royalty: Delhi HC