Judgement

ITAT upheld addition u/s 69A against Senior Citizen who was found with Rs. 95.89 Lakh Cash during Train Journey

95.89 Lakh Cash seizure during Train Journey from Senior Citizen: ITAT uphold addition u/s 69A

News

The I-T Department is closely monitoring HNIs using advanced tools like 360-degree profiling to detect tax mismatches based on spending and foreign remittances.

HNI Taxpayers not reporting Income and Filing ITR Properly

Orders

ITAT deletes penalty under Section 271(1)(c) as no concealment found in belated capital gains deduction claim u/s 54EC and 54F.

ITAT Deletes Penalty Proceedings on Claim of Capital Gain Deductions u/s 54EC and 54F in Belated ITR

ITAT ruled that mentioning cultural or spiritual events like Navratri does not make a trust religious, and cannot be the sole ground to deny Section 80G approval.

Sec 80G Approval: Mere Reference to Religious Events Does Not Make Trust as Substantially Religious in Nature

The Income Tax Department has taken strict action against the inoperative PAN Cards. The department has imposed a massive penalty on individuals using inactive PAN.

Income Tax Department imposes massive penalty for using inactive PAN

Himachal Pradesh HC ruled that the Assessing Officer cannot send a notice under Section 148 of the Income Tax Act, 1961, without giving valid reasons.

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95.89 Lakh Cash seizure during Train Journey from Senior Citizen: ITAT uphold addition u/s 69A

HNI Taxpayers not reporting Income and Filing ITR Properly

ITAT Deletes Penalty Proceedings on Claim of Capital Gain Deductions u/s 54EC and 54F in Belated ITR

Sec 80G Approval: Mere Reference to Religious Events Does Not Make Trust as Substantially Religious in Nature

Income Tax Department imposes massive penalty for using inactive PAN

Notice U/S 148 Invalid Without Delivering Proper Justification: HP High Court