Judgement

The Assessing Officer failed to give any justification to reopen the assessment, the High Court set aside the order and the reassessment notice issued under section 148.

Gujarat HC Quashes Reopening for Demonetisation Cash Deposits: AO Lacked Foundational Facts to Assume Jurisdiction

The Gujarat High Court observed that the facts in the case are undisputed and quashed the penalty order.

Gujarat HC Quashes NFAC Rectification Order u/s 154 Confirming Penalty u/s 271(1)(c)- Wrong Upload & Procedural Errors

News

CCTAX urges CBDT to extend ITR and audit deadlines due to portal issues, data mismatches, and flood disruptions.

CCTAX Urges CBDT to Extend ITR and Tax Audit Due Dates Amid Severe Technical and Weather Disruptions

Articles

IT Department has extended the ITR filing deadline for FY 2024–25, offering relief to non-audit taxpayers while outlining new due dates and penalties for late filing.

Avoid Missing the ITR Filing Due Date; Belated Return Attracts Penalty and Other Consequences

Selling a flat with furniture? Learn how taxes, capital gains, and stamp duty apply when you sell a furnished property.

Selling a Flat with Furniture? Here's What You Need to Know About Taxes and Stamp Duty

The ITAT upheld the decision of the ld. CIT(A) and confirmed that the assessee is liable to deduct TDS on the interest payment made to RBS Coutts Bank Ltd, Singapore.

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Gujarat HC Quashes Reopening for Demonetisation Cash Deposits: AO Lacked Foundational Facts to Assume Jurisdiction

Gujarat HC Quashes NFAC Rectification Order u/s 154 Confirming Penalty u/s 271(1)(c)- Wrong Upload & Procedural Errors

CCTAX Urges CBDT to Extend ITR and Tax Audit Due Dates Amid Severe Technical and Weather Disruptions

Avoid Missing the ITR Filing Due Date; Belated Return Attracts Penalty and Other Consequences

Selling a Flat with Furniture? Here's What You Need to Know About Taxes and Stamp Duty

DTAA with Switzerland Does Not Exempt Assessee from TDS Obligation on Interest Paid Abroad: ITAT Chennai