Judgement

ITAT rejects assessment due to complete lack of enquiry into cash deposits forming immediate source of loans and partner’s capital

ITAT Upholds Revision Where AO Failed to Examine Source of Cash Deposits Behind Unsecured Loans

Articles

CPC is wrongly charging interest under Section 234B on ITR-U beyond the filing date, causing illegal demands and unnecessary harassment of genuine taxpayers.

CPC Wrongly Levies Section 234B Interest Demand on ITR-U Filers, Causing Unjust Taxpayer Harassment

News

The Income Tax Department erroneously issues Form 29B notices to non-MAT companies, causing undue compliance pressure just before the ITR deadline.

Erroneous Form 29B Demand Notices: System Glitch Triggers MAT Notices for Non-MAT Companies

Comprehensive guide on updated e-filing utilities, schemas, and change documents for key forms and ITRs.

Updated Forms and Utilities for ITR Filing in AY 2025-26: Every Taxpayers Must Know

Cross appeals on estimation of profit from alleged bogus purchases – consistency with earlier years upheld

Bogus Purchases: ITAT Restricts Addition to 5% Following Consistency Principle

ITAT held that subsidy for promoting renewable energy projects is not deductible from asset cost for depreciation in AY 2014-15, deleting the Rs. 72.90 lakh disallowance.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Upholds Revision Where AO Failed to Examine Source of Cash Deposits Behind Unsecured Loans

CPC Wrongly Levies Section 234B Interest Demand on ITR-U Filers, Causing Unjust Taxpayer Harassment

Erroneous Form 29B Demand Notices: System Glitch Triggers MAT Notices for Non-MAT Companies

Updated Forms and Utilities for ITR Filing in AY 2025-26: Every Taxpayers Must Know

Bogus Purchases: ITAT Restricts Addition to 5% Following Consistency Principle

ITAT: Renewable Energy Capital Subsidy Not to Reduce Asset Cost for Depreciation in AY 2014-15