Judgement

Penalty under Section 271(1)(c) cannot be imposed where an addition is based purely on estimation without concrete evidence of concealment.

ITAT Deletes Penalty Where Additions Are Based on Estimation Alone

News

Form 141 is a unified challan-cum-statement that simplifies multiple PAN-based TDS payments into a single, easy-to-use form effective from April 1, 2026.

Goodbye Multiple TDS Forms! IT Dept Notifies New Unified Form 141; Effective April 2026

Articles

An Ajmer washerman received income tax notice for transactions worth Rs 598 crore. A lost PAN card was allegedly used, and a police investigation is underway regarding a case of identity fraud.

Ajmer Washerman Receives Rs 598 Crore Income Tax Notice, Case of Fake Transaction Using a Lost PAN Card

Ajmer's Washerman Receives Rs 598 Crore Income Tax Notice, Case of Fake Transaction Using a Lost PAN Card

The CAG report highlighted major GST E-Way Bill lapses in Jammu and Kashmir, revealing weak enforcement, staff shortages, compliance failures, and tax mismatches.

CAG Report Highlights Major GST E-Way Bill Irregularities in Jammu and Kashmir

ITAT Mumbai allows foreign tax credit, holding delay in Income Tax Form 67 filing as procedural lapse only

Delay in Form 67 Filing Not Fatal; ITAT Allows FTC Claim to Actor Sachin Shrikant Khedekar

The Gujarat government plans to deploy an AI-powered system developed with BISAG-N to detect fraudulent tax credit claims.

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ITAT Deletes Penalty Where Additions Are Based on Estimation Alone

Goodbye Multiple TDS Forms! IT Dept Notifies New Unified Form 141; Effective April 2026

Ajmer's Washerman Receives Rs 598 Crore Income Tax Notice, Case of Fake Transaction Using a Lost PAN Card

CAG Report Highlights Major GST E-Way Bill Irregularities in Jammu and Kashmir

Delay in Form 67 Filing Not Fatal; ITAT Allows FTC Claim to Actor Sachin Shrikant Khedekar

Gujarat GST Department to Digitally Track ITC Scam Using Advanced AI Model