Judgement

The ITAT allows appeal for AY 2014-15, subject to the AO verifying the settlement payment under the Direct Tax Vivad Se Vishwas Scheme, 2024, and issuing Forms 4 and 5.

ITAT Allows Appeal Over Rs 26.03 Lakh Addition After Assessee Settles Tax Dispute Under Vivad Se Vishwas Scheme 2024

Articles

The GST Council plans to use technology to prevent fake invoices and fraudulent ITC claims, while introducing automated refunds and other GST process reforms.

GST Council to Use Technology to Curb Fake Invoices and Fraudulent ITC Claims, Shifting Focus from Investigations to Prevention

The ITAT directed the AO to examine additional evidence and verify the identity, genuineness, and creditworthiness of unsecured loan creditors before passing a fresh order in the Section 68 addition case.

Short Compliance Window Prompts ITAT to Allow Additional Evidence in Unsecured Loan Case

News

Park Medi World informed the stock exchanges that the Income Tax Department’s verification at company-linked premises had no impact on its operations, commitments or expansion plans.

Park Medi World Says Income Tax Department’s Verification at Company-Linked Premises Had No Impact on Operations or Expansion Plans

The ITAT deleted a Section 69A read with Section 115BBE addition after finding that the assessee’s explanation for cash deposits from his business activities was supported by his income tax computation.

ITAT Deletes Section 69A Addition as Income Computation Supports Source of Cash Deposits

Indo Amines Limited reports a Maharashtra GST Department inspection at its registered office, stating that operations remain unaffected and no material financial or operational impact has been identified so far.

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ITAT Allows Appeal Over Rs 26.03 Lakh Addition After Assessee Settles Tax Dispute Under Vivad Se Vishwas Scheme 2024

GST Council to Use Technology to Curb Fake Invoices and Fraudulent ITC Claims, Shifting Focus from Investigations to Prevention

Short Compliance Window Prompts ITAT to Allow Additional Evidence in Unsecured Loan Case

Park Medi World Says Income Tax Department’s Verification at Company-Linked Premises Had No Impact on Operations or Expansion Plans

ITAT Deletes Section 69A Addition as Income Computation Supports Source of Cash Deposits

Indo Amines Limited Under GST Department Scrutiny as Maharashtra Tax Officials Initiate Search and Inspection at Registered Office