Judgement

Tribunal holds that penalty under Section 271(1)(c) cannot survive when quantum addition is restricted to 5% on estimation

 ITAT Deletes Penalty on Estimated Bogus Purchase Addition in Diamond Trade Case

Tribunal sends three major additions back to the Assessing Officer after finding incomplete verification and inadequate examination by appellate authorities

ITAT Remands Issues on 80JJAA, Cold Storage Subsidy and 80IB Deduction for Fresh Verification

ITAT Remands Issues on Section 80JJAA, Cold Storage Subsidy and 80IB Deduction for Fresh Verification

Articles

Here's a complete guide on Eligibility, Filing Process, Tax Computation, Interest, Fees, and Key Restrictions for Taxpayers.

Updated Return of Income (ITR-U): Key Guidelines for Taxpayers

Notifications

The Central Government has granted tax exemption to the State Pollution Control Board, Odisha in subject to certain conditions under section 10 of the Income-tax Act, 1961.

CBDT Notifies Tax Exemption to State Pollution Control Board, Odisha u/s 10 of Income Tax Act

The speed of refund is based on the timing and accuracy of your return filing.

Salaried Individual Vs Business Professional: Who Receives Income Tax Refund Faster?

ITAT ruled that the cash deposits were genuine business receipts from a kirana shop and deleted the entire Rs. 20.23 lakh Section 69 addition.

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ITAT Deletes Penalty on Estimated Bogus Purchase Addition in Diamond Trade Case

ITAT Remands Issues on Section 80JJAA, Cold Storage Subsidy and 80IB Deduction for Fresh Verification

Updated Return of Income (ITR-U): Key Guidelines for Taxpayers

CBDT Notifies Tax Exemption to State Pollution Control Board, Odisha u/s 10 of Income Tax Act

Salaried Individual Vs Business Professional: Who Receives Income Tax Refund Faster?

ITAT Ahmedabad Deletes Rs. 20.23 Lakh Cash Deposit Addition, Rejects Unexplained Investment Theory