Articles

A practical guide for charitable trusts to respond to CPC bulk adjustments and safeguard Section 11/12 exemptions for AY 2024-25.

CPC Sent Bulk Communications to Trusts u/s 12A Regarding Exemption Denial AY 2024-25

News

Income Tax raids in Ahmedabad uncover Rs. 4,000 crore in black money from 11 political parties involved in money laundering and tax evasion.

IT Raids Expose Rs. 4,000 Crore Black Money in 11 Political Parties; ADR Flags Massive Money Laundering

Judgement

High Court sets aside reassessment notice under Section 148 for AY 2017-18; holds reasons were vague and based on borrowed satisfaction without independent application of mind.

No Borrowed Satisfaction: Gujarat HC Strikes Down Notice Issued Under Section 148

The department believes that under this drive, many people who may have missed paying their taxes by mistake will come forward and clear those dues

Income Tax Department's New Campaign to Identify Tax Evasion in JDAs

High Court holds that a certificate in Form-5 under Vivad se Vishwas Act is final and conclusive; directs refund of excess tax paid

Patna HC: AO Cannot Reopen Settled Vivad se Vishwas Act Dispute by Invoking Sec 154

Additions of Rs. 30 lakh as unexplained capital and Rs. 1.16 crore as bogus purchases deleted after verification; Tribunal upholds CIT(A)’s relief

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CPC Sent Bulk Communications to Trusts u/s 12A Regarding Exemption Denial AY 2024-25

IT Raids Expose Rs. 4,000 Crore Black Money in 11 Political Parties; ADR Flags Massive Money Laundering

No Borrowed Satisfaction: Gujarat HC Strikes Down Notice Issued Under Section 148

Income Tax Department's New Campaign to Identify Tax Evasion in JDAs

Patna HC: AO Cannot Reopen Settled Vivad se Vishwas Act Dispute by Invoking Sec 154

ITAT: Additions on Partner’s Capital, Purchases, and Excise Duty Payments Deleted After Verification