Articles

AI-driven tax checks are increasing scrutiny notices, making accurate income reporting and data reconciliation essential for taxpayers.

Why More Taxpayers May Face Income Tax Scrutiny Notices This Year

Judgement

ITAT holds demat transfer taxable while permitting examination of other deduction and loss claims.

Son Transferred Shares Worth Rs. 96.32 Crore to Mother's Demat Account as ‘Loan’; ITAT Upholds Capital Gains Tax on Transfer

The Income Tax Appellate Tribunal (ITAT) Delhi has held that rental income earned from letting out a premises is assessable under the head "Income from House Property".

Charging GST on Rent Doesn't Make It Business Income: ITAT Rules Rental Receipts Still Taxable as House Property Income

The Karnataka Authority for Advance Ruling (AAR) has held that M/s Aditya Auto Products & Engineering India Pvt. Ltd. is entitled to avail Input Tax Credit (ITC) on GST paid on canteen services provided to its regular employees.

Karnataka AAR Allows ITC on Statutory Canteen Services for Employees And Denies Credit for Contract Workers

Orders

GSTN has issued guidance for taxpayers on handling auto-fetched pre-deposit amounts while filing GST appeals, including exemption and correction requests.

GSTN Issues Advisory on Appeals Where Pre-Deposit Amount Is Auto-Fetched

The Haryana Appellate Authority for Advance Ruling (AAAR) has partly allowed the appeal filed by M/s RHI Magnesita India Limited and held that Input Tax Credit on QIP would be available only on payment of borrowings

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Why More Taxpayers May Face Income Tax Scrutiny Notices This Year

Son Transferred Shares Worth Rs. 96.32 Crore to Mother's Demat Account as ‘Loan’; ITAT Upholds Capital Gains Tax on Transfer

Charging GST on Rent Doesn't Make It Business Income: ITAT Rules Rental Receipts Still Taxable as House Property Income

Karnataka AAR Allows ITC on Statutory Canteen Services for Employees And Denies Credit for Contract Workers

GSTN Issues Advisory on Appeals Where Pre-Deposit Amount Is Auto-Fetched

AAAR Haryana Allows Partial ITC on QIP Expenses And Denies Credit Linked to Investment in Subsidiary