Judgement

Retailer’s cash deposits during December 2016 held explained by recorded cash sales and sufficient cash balance

ITAT Deletes Rs. 35.22 Lakh Demonetisation Addition; Cash Sales Accepted as Genuine

High Court upholds independent powers of TDS Officer despite completion of assessment under Sections 143(3) and 144C.

AO Can Invoke Section 201 Even After Scrutiny Assessment; DRP Silence Not a Bar: HC

ITAT remands the double disallowance issue to AO, rejects CIT(A)’s view on the doctrine of merger, and allows the assessee’s appeal.

Doctrine of Merger Not Applicable: Orders u/s 143(1) and 154 Separately Appealable

The tribunal directs consequential relief under Section 143(3) as jurisdictional High Court sets aside CPC’s ICDS addition

ITAT Deletes Rs. 1,284.66 Crore ICDS Adjustment After  HC Quashes 143(1) Intimation

Articles

Pending income tax refunds have finally started being credited to taxpayers accounts after weeks of delay, bringing much-needed relief.

Big Relief for Taxpayers: Pending Income Tax Refunds Finally Released After Months of Delay

News

A large number of taxpayers have received long-pending income tax refunds in the last two days as refund processing speeds up after earlier delays due to additional verification checks.

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ITAT Deletes Rs. 35.22 Lakh Demonetisation Addition; Cash Sales Accepted as Genuine

AO Can Invoke Section 201 Even After Scrutiny Assessment; DRP Silence Not a Bar: HC

Doctrine of Merger Not Applicable: Orders u/s 143(1) and 154 Separately Appealable

ITAT Deletes Rs. 1,284.66 Crore ICDS Adjustment After HC Quashes 143(1) Intimation

Big Relief for Taxpayers: Pending Income Tax Refunds Finally Released After Months of Delay

Large Number of Taxpayers Receive Pending Income Tax Refunds in Two Days, Say CAs