News

This financial year, taxpayers need to be more cautious while filing their ITRs, as the Tax Department is sending bulk automated intimations and emails to taxpayers making these mistakes.

Income Tax Dept May Send You Notices for These Common Mistakes

Judgement

The Income Tax Appellate Tribunal (ITAT) Mumbai  has upheld the deletion of an addition of Rs 1.07 crore made on account of alleged bogus purchases.

Builder's Purchases Held Genuine Despite Sales Tax Alert; ITAT Deletes Rs. 1.07 Crore Income Tax Addition

Uttarakhand HC allowed restoration of a cancelled GST registration subject to filing pending returns and clearing statutory dues.

Uttarakhand HC Quashes GST Registration Cancellation, Gives Chance for Revocation

Notifications

The Central Board of Indirect Taxes and Customs (CBIC) has notified revised Customs Tariff Value Tables by replacing the existing Tables

CBIC Revises Customs Tariff Value Framework by Replacing Existing Tables

The ITAT held that a cooperative society cannot claim a deduction under Section 80P if its income tax return is not filed within the due date prescribed under Section 139(1), even when filed later in response to a Section 148 notice.

ITAT: Late ITR Filing Bars Rs 83.89 Lakh Section 80P Deduction Despite Return Filed Under Section 148

The Income Tax Appellate Tribunal (ITAT) Chennai has deleted additions exceeding Rs 29.87 crore made against a Chartered Accountant after holding that the sums deposited in his bank did not constitute his own income

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Income Tax Dept May Send You Notices for These Common Mistakes

Builder's Purchases Held Genuine Despite Sales Tax Alert; ITAT Deletes Rs. 1.07 Crore Income Tax Addition

Uttarakhand HC Quashes GST Registration Cancellation, Gives Chance for Revocation

CBIC Revises Customs Tariff Value Framework by Replacing Existing Tables

ITAT: Late ITR Filing Bars Rs 83.89 Lakh Section 80P Deduction Despite Return Filed Under Section 148

ITAT Chennai Deletes Rs 29.87 Crore Addition on CA who Acted Merely as Medium for Payment of Clients’ Taxes