Judgement

ITAT Mumbai allows foreign tax credit, holding delay in Income Tax Form 67 filing as procedural lapse only

Delay in Form 67 Filing Not Fatal; ITAT Allows FTC Claim to Actor Sachin Shrikant Khedekar

News

One of the biggest improvements is a single dashboard where users can see all important tax-related details in one place Such as Form 26AS, Annual Information Statement (AIS), and TDS credit information.

TRACES 2.0: New Income Tax Portal Makes TDS Compliance Easier for Taxpayers

ITAT quashes Section 263 revision and upholds AO’s 12.5% addition on alleged bogus purchases

ITAT Rejects PCIT Action Seeking 100% Bogus Purchase Disallowance

Vijay has again moved the Madras High Court challenging a Rs 1.5 crore income tax penalty over alleged undisclosed income for AY 2015-16.

Rs 1.5 Crore Tax Penalty: Vijay Approaches Madras HC Again

ITAT Delhi remanded the GP addition and business promotion expense disallowance issues to the tax authorities for fresh examination, partly allowing the revenue’s appeal.

ITAT Remands Higher GP Addition and Expense Disallowance Issues for Fresh Examination

ITAT restored the Rs 1.97 crore addition, ruling that the CIT(A) wrongly deleted it despite the assessee’s failure to satisfactorily explain the source of cash credits.

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Delay in Form 67 Filing Not Fatal; ITAT Allows FTC Claim to Actor Sachin Shrikant Khedekar

TRACES 2.0: New Income Tax Portal Makes TDS Compliance Easier for Taxpayers

ITAT Rejects PCIT Action Seeking 100% Bogus Purchase Disallowance

Rs 1.5 Crore Tax Penalty: Vijay Approaches Madras HC Again

ITAT Remands Higher GP Addition and Expense Disallowance Issues for Fresh Examination

ITAT restores Income Tax addition on cash introduced in capital which was bogus