Judgement

ITAT rules on notional rent, expense disallowance, and Section 43CA relief for real estate developers.

ITAT Fixes ALV on Unsold Inventory; Disallows Unsupported Expenses

News

A simple guide to understanding Section 143(1) intimation, including tax refunds, demands, errors, and the steps taxpayers should take after receiving it.

ITR Processing: Everything You Need to Know About Section 143(1) Intimation

Mobilisation advance not unexplained credit where transaction properly substantiated

ITAT Deletes Rs. 10.20 Crore Addition on Mobilisation Advance, Grants TDS Relief

The Tribunal deletes Rs 6.70 lakh Sec. 69A addition, accepting assessee’s explanation that demonetisation cash deposits were from wedding funds and deceased mother’s savings.

ITAT: Validates Cash Deposits During Demonetisation Sourced From Assessee’s Deceased Mother; Deletes Sec. 69A Addition

Court quashes decades-old tax demands, citing delay and absence of supporting records by Revenue

Old Tax Demands Invalid Without Records; High Court Applies Doctrine of Laches

Supreme Court upholds HC ruling quashing Section 153C notice due to 22-month delay in recording satisfaction note

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ITAT Fixes ALV on Unsold Inventory; Disallows Unsupported Expenses

ITR Processing: Everything You Need to Know About Section 143(1) Intimation

ITAT Deletes Rs. 10.20 Crore Addition on Mobilisation Advance, Grants TDS Relief

ITAT: Validates Cash Deposits During Demonetisation Sourced From Assessee’s Deceased Mother; Deletes Sec. 69A Addition

Old Tax Demands Invalid Without Records; High Court Applies Doctrine of Laches

SC Dismisses Revenue SLP; Upholds Quashing of Delayed Section 153C Notice