Under Section 69, AO is under obligation to give reasons for not accepting explanations given by the assessee - ITAT…
ITAT remitted case for verification of Transporter's declaration u/s 194C(6) and decide the issue of addition on account of non…
Customs duty payable even after confiscated goods redeemed after payment of fine - SC In a recent judgment, Hon'ble Supreme…
Limit of allowable partners remuneration u/s 40(b) increased from AY 2025-26 onwards Finance Bill 2024 has increased the limit of…
Capital Gain Tax on sale of Shares, Mutual Fund Units increased. Indexing abolished Finance Bill 2024 has increased the income…
CIT(A) empowered to remand the best judgment cases back to the Assessing Officer for making a fresh assessment. Union Budget…
Time limit of six years has been proposed to file TDS/TCS correction statement. The Union Budget 2024-25 has proposed a…
Limit of Standard Deduction has been increased from Rs. 50000/- to Rs. 70000/- for AY 2025-26 for those opting New…
Union Budget 2024-25 - Highlights of Tax Proposals - Watch Live The Union Finance Minister MS Sitharaman shall be presenting…
Before Amendment Section 14A cannot be invoked if no exempt income was earned - ITAT In a recent judgment, ITAT…