Judgement

ITAT deleted the Rs 21.81 lakh addition, holding that spelling errors and missing PAN or email details in the purchaser’s confirmation could not by themselves establish a bogus transaction.

Merely Absence of PAN or Email Address in Sale Confirmation Cannot Prove Transaction Bogus, Holds ITAT

ITAT directs the AO to tax Rs 75 lakh surrendered during a 2016 survey at the normal rate, holding that the amended 60% rate under Section 115BBE applies from FY 2017-18.

ITAT Allows Normal Tax Rate on Rs 75 Lakh Survey Surrender, Rejects 60% Section 115BBE Levy

Orders

CBDT has authorised the sharing of specified income-taxpayer information with Andhra Pradesh to identify eligible beneficiaries for state welfare schemes under Section 258(1) of the Income-tax Act, 2025.

CBDT Approves Income-Tax Data Sharing With Andhra Pradesh Government For Beneficiary Identification

The High Court held that mere mechanical use of words like fraud, wilful misrepresentation or suppression cannot justify GST Proceedings.


GST Notices Under Section 74(9) Must Contain Foundational Facts of Fraud or Suppression, Rules High Court

The ITAT Mumbai has held that LLP required to be audited under LLP Act and Rules is entitled to the extended return filing.


ITAT Rules LLP Subject to Statutory Audit Under LLP Law get Extended ITR Due Date 

ITAT remands the Rs 40.46 lakh unexplained investment case to the AO to verify whether the amount was already disclosed and taxed by the assessee’s wife.

Explore Our Blogs

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

Merely Absence of PAN or Email Address in Sale Confirmation Cannot Prove Transaction Bogus, Holds ITAT

ITAT Allows Normal Tax Rate on Rs 75 Lakh Survey Surrender, Rejects 60% Section 115BBE Levy

CBDT Approves Income-Tax Data Sharing With Andhra Pradesh Government For Beneficiary Identification

GST Notices Under Section 74(9) Must Contain Foundational Facts of Fraud or Suppression, Rules High Court

ITAT Rules LLP Subject to Statutory Audit Under LLP Law get Extended ITR Due Date

ITAT Remands Rs 40.46 Lakh Unexplained Investment Case for Fresh Examination, Directs AO to Verify Wife’s Tax Disclosure