News

CBDT has direct new timeline for filing appeal in tax case to ensure a zero-delay regime in such matter to ensure officials do not delay follow-up on SC ruling.

CBDT introduces New Timelines for Filing Appeals in order to reduce delays

Articles

CAG Report has Disclosed significant errors and irregularities in Corporation Tax Assessments. They have identified 57 instances of high-value with tax effect of Rs. 6,304.56 crores.

CAG Report Disclosed significant errors and irregularities in Corporation Tax Assessments

Last Chance to File Income Tax Return: Belated ITR can be Filed upto this date for FY22; Know How much Fees to be paid?

Income Tax department has raided Uttar Pradesh groups engaged in manufacturing of agro food products and detected “undisclosed” income of Rs.1200 crore.

Income Tax Raids in UP; Undisclosed Income of over Rs.1200 Crore detected

Judgement

As per the Tribunal order, money received from the father and deposited during the demonization cannot be considered unexplained under Section 69A.

Money received from father deposited during demonization cannot be treated as unexplained u/s 69A: ITAT

ITR is a sacred document prescribed in law and reporting-error cannot be pleaded lightly: ITAT

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