Day: March 14, 2025

Assessee or a non-tax payer, cannot be expected to view the Portal now and then or keep the portal open all the time  In a recent judgment, the Hon’ble High Court of Punjab and Haryana and Madras High Court have quashed the impugned assessment orders observing that an …

Amount of share capital received in earlier year can not be taxed as unexplained cash credit in subsequent Year – ITAT In a recent judgment, ITAT Kolkata deleted the addition made as unexplained cash credit u/s 68 for share capital received in earlier year on the pretext that …