Judgement

The ITAT Chennai held mere observation that penalty 'Will be Initiated Separately' does not constitute valid satisfaction under Section 271(1)(c)


ITAT Quashes Penalty as AO Failed to Validly Initiate Proceedings During Assessment

Articles

Know how credit cards designed for women offer lifestyle-focused rewards, shopping benefits, travel perks, and seamless UPI payment convenience.

Credit Cards Designed for Women: What Makes Them Different

News

CBIC directs CGST authorities to coordinate with State Mining Departments for sharing illegal mining data to identify GST evasion, tax suppression, and compliance violations in the mineral sector.

CBIC Directs CGST Authorities to Share Data with State Mining Departments for Detecting GST Evasion in Illegal Mining Cases

ITAT ruled that unverified WhatsApp chats and uncorroborated statements cannot justify a tax addition under Section 69A.

ITAT Deletes Rs 34.20 Lakh Tax Addition Based on Unverified WhatsApp Chats

The Govt has proposed amendments to the Payment and Settlement Systems Act and the Income-tax Act to simplify digital payment compliance and provide greater flexibility for foreign investment funds.

Govt Proposes Major Amendments to Payment and Settlement Systems Act, 2007, and Income Tax Act, 2025

A Punjab-Delhi-based gang allegedly posed as Microsoft and law enforcement officials to defraud US citizens of hundreds of thousands of dollars.

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ITAT Quashes Penalty as AO Failed to Validly Initiate Proceedings During Assessment

Credit Cards Designed for Women: What Makes Them Different

CBIC Directs CGST Authorities to Share Data with State Mining Departments for Detecting GST Evasion in Illegal Mining Cases

ITAT Deletes Rs 34.20 Lakh Tax Addition Based on Unverified WhatsApp Chats

Govt Proposes Major Amendments to Payment and Settlement Systems Act, 2007, and Income Tax Act, 2025

CBI Arrests Four for Running US-Focused Tech Support Fraud from Punjab, Delhi