Judgement

The ITAT Mumbai granted partial relief by deleting the shop addition and directing a fresh review of the deemed rent calculation.

No ad hoc estimate allowed; MRV must be basis for deemed rent computation

Notifications

Govt. of India has notified the implementation of the amended India–Belgium Double Taxation Avoidance Agreement effective June 26, 2025.

Government notifies Amended India-Belgium Agreement on Avoidance of Double Taxation

News

Here's a comprehensive guide of even high-value financial transactions that are closely monitored by the Income Tax Department and can trigger scrutiny if they exceed specified limits.

Beware! 10 Key Financial Transactions That May Trigger Income Tax Scrutiny

The Tribunal decided to restore the case to the AO, giving the assessee an opportunity to present documents and explain his side

ITAT Holds NRI Status and US Residency Valid Grounds for Delay Condonation in Income Tax Appeal

ITAT Mumbai ruled that cash payments made on behalf of another company cannot be disallowed under Section 40A(3), deleting the Rs. 5.43 lakh addition.

ITAT Deletes Disallowance Under Section 40A(3) for Cash Payments Made on Behalf of Third Party

Articles

Learn precautions and paperwork needed to safely deposit large amounts in your bank without attracting scrutiny from the Income Tax Department.

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No ad hoc estimate allowed; MRV must be basis for deemed rent computation

Government notifies Amended India-Belgium Agreement on Avoidance of Double Taxation

Beware! 10 Key Financial Transactions That May Trigger Income Tax Scrutiny

ITAT Holds NRI Status and US Residency Valid Grounds for Delay Condonation in Income Tax Appeal

ITAT Deletes Disallowance Under Section 40A(3) for Cash Payments Made on Behalf of Third Party

Deposited Rs. 10 Lakh or More? Here’s How to Avoid an Income Tax Notice