News

The Income Tax Department urges citizens to confidentially report the use of black money in the Maharashtra Municipal Corporation Elections 2025-26 to ensure free and fair elections.

IT Department Seeks Public Support to Curb Black Money in Maharashtra Municipal Elections 2025-26

Judgement

ITAT quashed Rs. 43.50 lakh penalty under Section 271D, holding that penalty proceedings are invalid without assessment proceedings by AO.

Penalty Under Section 271D Invalid Without Assessment Proceedings: ITAT

ITAT held that genuine share transactions supported by proper documents cannot be treated as bogus LTCG merely on suspicion and deleted the Rs. 1.34 crore addition under section 68.

ITAT Quashes Rs. 1.34 Crore Section 68 Addition in Alleged Bogus LTCG Case

Reliance on assessment orders already overturned by ITAT held unsustainable; fresh Section 197 decision mandated

AO Must Ignore Quashed Orders While Fixing TDS Under Section 197, Says Delhi HC

Justice Over Technicality: High Court Rescues Small Businesses from Time-Barred GST Appeals Caused by Hidden Portal Notices

Allahabad HC Rules Portal Uploading Isn’t ‘Effective Communication’ for GST Appeal Deadlines

ITAT held that remuneration received by a working CA partner is eligible for presumptive taxation under Section 44ADA, even if the professional activity is carried out through a partnership firm.

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IT Department Seeks Public Support to Curb Black Money in Maharashtra Municipal Elections 2025-26

Penalty Under Section 271D Invalid Without Assessment Proceedings: ITAT

ITAT Quashes Rs. 1.34 Crore Section 68 Addition in Alleged Bogus LTCG Case

AO Must Ignore Quashed Orders While Fixing TDS Under Section 197, Says Delhi HC

Allahabad HC Rules Portal Uploading Isn’t ‘Effective Communication’ for GST Appeal Deadlines

Section 44ADA Benefit Cannot Be Denied to CA Merely for Being a Partner: Rules ITAT