Judgement

The ITAT quashed the reassessment under Section 147, holding that when no addition is made on the recorded reason for reopening, the AO cannot make additions on unrelated issues.

Reopening Under Section 147 Invalid If No Addition on Original Ground: ITAT Ahmedabad

A cooperative housing society filed its tax return late and sought deductions on interest income, leading to a dispute with tax authorities over taxability and eligibility.

Can Housing Societies Deduct Maintenance Costs from Their Bank Interest?

Mumbai Tribunal invalidates 153C proceedings as seized documents lacked nexus with assessee’s income.

ITAT on Digital Evidence: Truecaller & WhatsApp Chats Not Sufficient Without Corroboration

A recent Tribunal ruling has provided much-needed clarity on the taxability of family gifts versus undocumented business receipts

Gift or Income? How a Past Court Ruling Saved This Taxpayer Millions

The Delhi High Court quashed a time-barred reassessment notice and assessment order, holding them void due to breach of statutory limitation and jurisdictional error.

Delhi High Court Cancels Time-Barred Reassessment Notice and Assessment Order

Articles

Shree Renuka Sugars Limited reported ₹1.52 crore GST penalties to NSE and BSE Limited under SEBI rule

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Reopening Under Section 147 Invalid If No Addition on Original Ground: ITAT Ahmedabad

Can Housing Societies Deduct Maintenance Costs from Their Bank Interest?

ITAT on Digital Evidence: Truecaller & WhatsApp Chats Not Sufficient Without Corroboration

Gift or Income? How a Past Court Ruling Saved This Taxpayer Millions

Delhi High Court Cancels Time-Barred Reassessment Notice and Assessment Order

Shree Renuka Sugars Limited Receives GST Penalty Orders Totalling Rs 1.52 Crore, Files Appeal