Judgement

Tribunal remands Section 69A addition for fresh verification and rejects ad hoc 8% profit estimation where audited books showed 7% margin

ITAT: 8% Profit Estimation Unjustified When Books Are Audited & No Incriminating Material Is Found

Articles

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ITAT quashed the reassessment holding that that reopening based on mechanical approval and without the independent application of mind by the tax authorities is invalid.

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ITAT: 8% Profit Estimation Unjustified When Books Are Audited & No Incriminating Material Is Found

New Amended Income Tax Act 2025 Comes into Force from April 1: Here's What Taxpayers Should Know

HC Orders Conditional Release of Seized Jewellery and Cash After Income Tax Search

Income Tax Refund Delays: Key Reasons and Steps to Check Status

ITAT Upholds Exemption u/s 10(37) on Rs 5 Crore Land Compensation Paid by Haryana Government

Reopening Based on Mechanical Approval of CIT is Bad in Law: ITAT