Judgement

The Delhi High Court noted that in today's digital era, computer-generated notices cannot have handwritten signatures, and Section 282A(2) does not require a signature.

Name and Designation on Income Tax Notice Sufficient for Authentication, Signature Not Mandatory: Delhi HC

ITAT granted full relief, holding that demonetisation cash deposits cannot be treated as unexplained income when they are properly recorded in the books and linked to genuine business receipts.

Cash Deposits from Business Sales Cannot Be Taxed as Unexplained: ITAT

A small delay made a big difference. After the company replied on June 8, 2022, the tax office had only 23 days to send the final notice, but they sent it almost a month late. Because of this delay, they lost their legal right, and the tribunal cancelled the reassessment.

Income Tax Reassessment Cancelled Due to Late Notice

News

Credit card rewards, cashback, and air miles are usually treated as discounts, not taxable income. However, if converted to cash or linked to business transactions, they may become taxable.

Are credit rewards, cashback, and Air miles taxable in India?

Payments made to foreign entities for carrying out charitable activities in India are not considered application of Income outside India.

Foreign Payments for Charitable Work in India Counted as Application of Income Within India: ITAT

The ITAT held that investment made before filing the return under Section 139(4) qualifies for Section 54F exemption, deleted the additions, and allowed the assessee’s appeal.

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Name and Designation on Income Tax Notice Sufficient for Authentication, Signature Not Mandatory: Delhi HC

Cash Deposits from Business Sales Cannot Be Taxed as Unexplained: ITAT

Income Tax Reassessment Cancelled Due to Late Notice

Are credit rewards, cashback, and Air miles taxable in India?

Foreign Payments for Charitable Work in India Counted as Application of Income Within India: ITAT

ITAT allows Section 54 exemption before due date of filing belated ITR