Judgement

ITAT partly allows appeal against Section 68 addition of Rs.15.66 lakh by estimating 8% profit on ₹30 lakh turnover in scrap trading business

ITAT Estimates Profit @8%, Partly Allows Appeal Against Rs. 15.66 Lakh Cash Deposit Addition

Articles

Taxpayers will lose tax benefits allowed under old tax regime if they file belated ITR.

Filing Belated ITR? Here is Why You Should Always File Returns on Time

ITAT quashes 22.19 lakh penalty u/s 271(1)(c) after confirming capital gain as long-term and allowing exemption under Section 54F.

ITAT Deletes Rs. 22.19 Lakh Penalty u/s 271(1)(c) After Deletion of Capital Gain Addition

ITAT directs AO to reconsider excess cane price and concessional sugar sale under Section 155(19) and guidelines

ITAT Remands Excess Cane Price and Concessional Sugar Sale Issues for Fresh Consideration

The Income Tax Bill 2025, set to be tabled on August 11, aims to modernise and simplify India's 60-year-old tax law without altering tax rates.

Finance Minister Expected to Table Income Tax Bill 2025 in Parliament on August 11

ITR filing is mandatory if your income exceeds a certain limit. However even if your income is less than that limit, you still come under few financial transactions of IT Dept's radar. Know these transaction limits you should not cross.

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ITAT Estimates Profit @8%, Partly Allows Appeal Against Rs. 15.66 Lakh Cash Deposit Addition

Filing Belated ITR? Here is Why You Should Always File Returns on Time

ITAT Deletes Rs. 22.19 Lakh Penalty u/s 271(1)(c) After Deletion of Capital Gain Addition

ITAT Remands Excess Cane Price and Concessional Sugar Sale Issues for Fresh Consideration

Finance Minister Expected to Table Income Tax Bill 2025 in Parliament on August 11

Transaction Limits You Shouldn't Cross to Stay Off Income Tax Dept.'s Radar