Extrapolation of income of two months to arrive at income of the full year was not justified - ITAT In…
Penalty u/s 272A(2)(c) for not furnishing information to notice u/s 133(6) deleted In a recent judgment, ITAT Lucknow has deleted…
Income Tax Department appreciates taxpayers & tax professionals for timely compliance, resulting in a record surge in the filing of…
ITAT allowed loss suffered by gold/ornament robbery carried forward from previous year In a recent judgment, ITAT Rajkot allowed loss…
When revisionary order u/s 263 was quashed, consequential assessment order passed by AO cannot survive - ITAT In a recent…
Banks are obliged to adopt restructuring process of MSME Loans on its own. Framework contained in the Notification dated 29.05.2015…
CIT must hold bare minimum inquiry before passing revisionary order u/s 263. The words "as he deems necessary", do not…
Validity of assessment u/s 144/147 can be challenged in rectification Petition u/s 154 - ITAT In a recent judgment, ITAT…
Bonafide belief that TDS was deducted and no additional tax was payable accepted by ITAT In a recent judgment, ITAT…
Extension of due date of 31st July 2024 for filing ITR for AY 2024-25 - PIB Fact Check There has…