Articles

Taxpayers should not panic on receiving a tax notice, instead, they should take the right steps to respond to the notice.

Received Income Tax Notice? Things to Keep in Mind Before Responding to an Income Tax Notice

Judgement

ITAT deleted a Rs. 24.21 lakh addition under Section 69A, saying the cash deposits came from earlier bank withdrawals.

Cash Deposits During Demonetization Sourced From Prior Bank Withdrawals: ITAT Deletes Penalty

The Metal Scrap Trade Corporation (MSTC) Limited has received a tax demand asking for Rs. 178.40 crore for the assessment year 2024-25.

MSTC Ltd Receives Tax Demand of Rs. 178 crore for AY 2024-25

News

AI and data analytics help the Income Tax Department detect tax evasion, track financial activities, and improve compliance through smarter, real-time monitoring.

Taxman uses AI and Data Analytics to Identify Tax Evasion

ITAT grants relief to agriculturist by partially deleting demonetization-related cash deposit addition under income tax provisions.

Cash Deposit from Agriculture Income: ITAT Deletes Demonetization Addition

Starting April 1, 2026, the Income Tax Department will have the legal authority to access individuals’ personal digital spaces

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Received Income Tax Notice? Things to Keep in Mind Before Responding to an Income Tax Notice

Cash Deposits During Demonetization Sourced From Prior Bank Withdrawals: ITAT Deletes Penalty

MSTC Ltd Receives Tax Demand of Rs. 178 crore for AY 2024-25

Taxman uses AI and Data Analytics to Identify Tax Evasion

Cash Deposit from Agriculture Income: ITAT Deletes Demonetization Addition

Beware before Posting on Social Media: Your email and social media account can be accessed by income tax officers for Scrutiny