Judgement

High Court upholds reassessment for AY 2019-20; finds sufficient material with AO on alleged bogus purchase; petition dismissed.

Bogus Bills Trigger Valid Reopening: HC Dismisses Writ Against Reassessment

ITAT remands additions on property investment, bank credits, and mutual fund to AO; directs fresh verification

An I-T probe into Punjab’s property registries has exposed widespread non-reporting and faulty filings of high-value transactions.

Income Tax officials raid Bengaluru private university over alleged tax evasion and fee irregularities.

The portal was shut three minutes before midnight on the last day, while he was about to enter the OTP for advance tax payment.

These changes aim to improve the accuracy of the tax audit report and make the filing easier.