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Correctness in ITR filing is very important; otherwise, you may face penalties, Notices, and interest, know the common mistakes to avoid while filing an ITR.

ITR Filing Not So Simple Anymore: 10 Mistakes That Can Trigger Tax Notices

Judgement

ITAT quashes reassessment as alleged penny stock transactions belonged to the client, not the assessee.

Reassessment Invalid Where Alleged Penny Stock Transactions Belonged to Client: ITAT

ITAT deletes penalty as issue admitted by High Court proves claim was debatable.

High Court’s Admission of Quantum Appeal Weakens Penalty Proceedings: ITAT

ITAT quashes reopening as a belief based on suspicion, not supported by tangible material evidence.

No Nexus, No Reopening: ITAT Sets Aside Assessment

Additions under Sections 69A/69B invalid without linking seized documents to assessee.

Loose Papers Alone Insufficient for Section 69A/69B Additions

ITAT deletes share capital addition; documentary evidence sufficient despite directors not appearing before AO.

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ITR Filing Not So Simple Anymore: 10 Mistakes That Can Trigger Tax Notices

Reassessment Invalid Where Alleged Penny Stock Transactions Belonged to Client: ITAT

High Court’s Admission of Quantum Appeal Weakens Penalty Proceedings: ITAT

No Nexus, No Reopening: ITAT Sets Aside Assessment

Loose Papers Alone Insufficient for Section 69A/69B Additions

Section 68 Addition Deleted Where Investors Duly Verified by AO