Judgement

Tribunal quashes reassessments and deletes penny stock additions citing lack of independent inquiry.

ITAT Rejects Penny Stock Additions for Lack of Tangible Evidence

ITAT upheld the Rs 1.59 lakh notional rent addition on a vacant Hyderabad flat and dismissed the assessee’s appeal.

ITAT Delhi Upholds Tax on Notional Rent from Vacant Flat: Dismisses Assessee’s Appeal

Articles

A comprehensive guide to ITR-2 filing covering eligibility, latest AY 2026-27 updates, capital gains reporting, foreign asset disclosures, and common mistakes taxpayers should avoid.

Decoding ITR-2: A Practical Handbook for Taxpayers

The Gauhati HC has directed GST authorities to consider restoration of GST registration of a proprietorship concern whose registration was cancelled for non-filing of returns.

HC Holds GST Registration Restoration Cannot Be Denied When Taxpayer Files Pending Returns and Clear Dues

ITAT held that cash deposits already recorded and taxed in the successor proprietorship concern cannot be taxed again in the hands of the dissolved partnership firm and remanded the matter for verification.

If Deposits Are Already Included in Proprietor’s Income, They Cannot Be Taxed Again: ITAT

The Gauhati HC directed the concerned tax authorities to consider the GST revocation application if the taxpayer furnishes all his pending GST returns and clears dues.

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ITAT Rejects Penny Stock Additions for Lack of Tangible Evidence

ITAT Delhi Upholds Tax on Notional Rent from Vacant Flat: Dismisses Assessee’s Appeal

Decoding ITR-2: A Practical Handbook for Taxpayers

HC Holds GST Registration Restoration Cannot Be Denied When Taxpayer Files Pending Returns and Clear Dues

If Deposits Are Already Included in Proprietor’s Income, They Cannot Be Taxed Again: ITAT

Gauhati High Court Allows GST Registration Revival Subject to Filing Returns and Clearing Dues