Judgement

The ITAT held that mere difference between physical and book stock cannot justify search penalty. 


ITAT Deletes Section 271AAA Penalty on Diamond Stock Discrepancy for Failure to Establish Undisclosed Income

Delhi ITAT condones a 783-day delay in filing an income tax appeal and restores the Rs 1.87 lakh penalty matter to CIT(A) for fresh adjudication.

ITAT Takes Liberal View on 783-Day Delay, Allows Appeal Against Rs 1.87 Lakh Penalty to Be Heard on Merits

ITAT remanded a Rs 23.53 lakh business income assessment based on Rs 2.94 crore purchases to the AO, granting the assessee a final opportunity to substantiate his claims with supporting documents.

ITAT Remands Rs 23.53 Lakh Business Income Case to AO for Fresh Adjudication After Assessee Fails to Respond to Notices

News

TGCSB arrests 101 people across six states over alleged mule accounts linked to Rs 17 crore in cyber fraud and 1,171 cases.

101 Arrested Across 6 States Over Alleged Mule Accounts Linked to Rs 17 Crore Cyber Fraud

ITAT condoned a 24-day delay and remanded LTCG appeals for fresh adjudication after finding that the CIT(A) had not fully recorded his submissions and evidence.

ITAT Condones 24-Day Delay, Remands Rs 1.07 Crore LTCG Penny Stock Dispute After CIT(A) Fails to Record Complete Submissions

Sleeper buses continue carrying commercial goods alongside passengers, raising fresh safety concerns despite recent inspections and a deadly bus fire.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Deletes Section 271AAA Penalty on Diamond Stock Discrepancy for Failure to Establish Undisclosed Income

ITAT Takes Liberal View on 783-Day Delay, Allows Appeal Against Rs 1.87 Lakh Penalty to Be Heard on Merits

ITAT Remands Rs 23.53 Lakh Business Income Case to AO for Fresh Adjudication After Assessee Fails to Respond to Notices

101 Arrested Across 6 States Over Alleged Mule Accounts Linked to Rs 17 Crore Cyber Fraud

ITAT Condones 24-Day Delay, Remands Rs 1.07 Crore LTCG Penny Stock Dispute After CIT(A) Fails to Record Complete Submissions

Tax Evasion Turn Deadly Risk In Greater Noida as Sleeper Buses Carry Commercial Goods Alongside Passengers