Judgement

ITAT Mumbai ruled that cash payments made on behalf of another company cannot be disallowed under Section 40A(3), deleting the Rs. 5.43 lakh addition.

ITAT Deletes Disallowance Under Section 40A(3) for Cash Payments Made on Behalf of Third Party

Articles

Learn precautions and paperwork needed to safely deposit large amounts in your bank without attracting scrutiny from the Income Tax Department.

Deposited Rs. 10 Lakh or More? Here’s How to Avoid an Income Tax Notice

Find out how much extra the government owes you if your tax refund is delayed beyond the due date.

Three Months and No Refund Yet? See What Interest the Government Must Pay You

Three Months and No Refund Yet? See What Interest Government Must Pay You

The Tribunal ruled that non-service of hearing notices due to an inactive email amounted to denial of natural justice and directed a fresh hearing before the CIT(A).

ITAT Remands Case to CIT(A) for Fresh Hearing After Non-Service of Notices Due to Inactive Email

High Court quashes reassessment notice issued by Jurisdictional Assessing Officer; rules faceless assessment regime mandatory under Section 148 of Income Tax Act.

High Court Quashes Income-Tax Reassessment Notice Issued by Jurisdictional Officer Instead of Faceless Officer

The Tribunal reviewed the statements and found that the purchases and sales were recorded before the survey, but the stock difference was due to discrepancies in the stock maintained

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ITAT Deletes Disallowance Under Section 40A(3) for Cash Payments Made on Behalf of Third Party

Deposited Rs. 10 Lakh or More? Here’s How to Avoid an Income Tax Notice

Three Months and No Refund Yet? See What Interest Government Must Pay You

ITAT Remands Case to CIT(A) for Fresh Hearing After Non-Service of Notices Due to Inactive Email

High Court Quashes Income-Tax Reassessment Notice Issued by Jurisdictional Officer Instead of Faceless Officer

ITAT Rejects Revenue's Appeal on Excess Stock, Upholds Tax Addition under Section 69A