Articles

On July 31, Nuvama Wealth Management confirmed the Income Tax Department investigation at the Mumbai premises, under Section 133A of the Income Tax Act, 1961.

Jane Street Effect: Income Tax Dept Executes survey against Nuvama Wealth

News

CBDT extends the deadline to process electronically filed ITRs wrongly marked invalid due to CPC errors, allowing corrections and refunds by March 31, 2026.

ITR Due Date Extended for these Tax Returns: Know More

Judgement

The Court held that the increased tax rate under section 115BBE of 60% is applicable from 01.04.2017 and not for the transactions before 01.04.2017

Higher Tax Rate Under Section 115BBE Applicable from April 2017: ITAT Delhi

The court observed that the company had submitted enough explanation about the source of the cash deposit during the demonetization period and deleted the Rs 1.22 crore addition.

ITAT Deletes Rs 1.22 Cr Addition Made Against Company in Demonitisation Case

The ITAT held that there was no question of filing any TDS return if the payment was not made and TDS was not deducted on it.

ITAT Deletes Rs 1.16 Lakh Late Filing Fee U/S 234E As TDS Was Not Deducted

ITAT held that not mentioning proper reasons for reassessment proceedings is bad in law; therefore, it quashed the reassessment proceedings made by the AO.

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Jane Street Effect: Income Tax Dept Executes survey against Nuvama Wealth

ITR Due Date Extended for these Tax Returns: Know More

Higher Tax Rate Under Section 115BBE Applicable from April 2017: ITAT Delhi

ITAT Deletes Rs 1.22 Cr Addition Made Against Company in Demonitisation Case

ITAT Deletes Rs 1.16 Lakh Late Filing Fee U/S 234E As TDS Was Not Deducted

ITAT Delhi Quashes Reassessment Proceedings Based on Suspicion