Judgement

The Supreme Court has ruled that genuine buyers under the DVAT Act cannot be denied Input Tax Credit (ITC) if the seller fails to deposit VAT, protecting bona fide purchasers from seller defaults.

Supreme Court Upholds ITC Benefit for Bona Fide Purchasers Under DVAT

Articles

Taxpayers who need to file an Updated Return (ITR-U) for AY 2023-24 can download these utilities directly from the Income Tax e-Filing portal.

Excel Utilities for Filing Updated ITRs for AY 2023-24 Now Available on I-T Portal

High Court quashes reassessment order and demand notice passed under Sections 147 and 156 of the Income Tax Act for violation of natural justice and absence of personal hearing.

High Court Quashes Reassessment and Demand Notice Passed Without Granting Opportunity of Hearing

High Court quashes reassessment order under Section 147 read with Section 144B for violation of Section 144B(7) and denial of video-conference hearing.

High Court Quashes Reassessment Order Passed Without Granting Video-Conference Hearing

High Court sets aside rejection of condonation under Section 119(2)(b) and directs Principal Commissioner to reconsider the application after hearing, holding that genuine hardship was ignored.

ITR Not Filed Before Due Date? High Court Grants Major Relief on TDS Refund Claim

Everything you need to know about legal cash limits, fines, and using digital payments to stay safe from income tax issues.

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Supreme Court Upholds ITC Benefit for Bona Fide Purchasers Under DVAT

Excel Utilities for Filing Updated ITRs for AY 2023-24 Now Available on I-T Portal

High Court Quashes Reassessment and Demand Notice Passed Without Granting Opportunity of Hearing

High Court Quashes Reassessment Order Passed Without Granting Video-Conference Hearing

ITR Not Filed Before Due Date? High Court Grants Major Relief on TDS Refund Claim

Cash Transaction Limits You Must Know to Avoid Income Tax Trouble