• Income Tax

AO took a reasonable stand that 25 kg written in WhatsApp chat was 25 lakh – ITAT

2 months ago

Assessing Officer had taken a reasonable stand that 25 kg written in WhatsApp chat/text message was 25 lakh - ITAT…

  • Income Tax

Shareholders can’t be taxed for income from properties owned by the company – HC

2 months ago

Shareholders are only owners of the shares of the company therefore, income from properties earned by the company cannot be…

  • Income Tax

Jurisdictional error in reassessment approval can’t be shielded by the law of limitation

2 months ago

When approval for reassessment was granted by unauthorised authority, such jurisdictional error cannot be shielded by the law of limitation…

  • Income Tax

ITAT ought to remanded whole matter of bogus purchases instead of profit determination

2 months ago

ITAT on presumption of bogus purchases ought to have remanded case to AO to reconsider the whole matter instead of…

  • Income Tax

Where proceedings u/s 153C barred by limitation, AO can’t invoke section 148 & 148A

2 months ago

Where proceedings u/s 153C are barred by limitation, AO can not reopen the case invoking section 148 and 148A of…

  • bankruptcy

Corporate guarantees executed by corporate debtor constitute “financial debt” under IBC

2 months ago

Corporate guarantees executed by the corporate debtor constitute “financial debt” under IBC and banks to be recognized as financial creditors…

  • Empanelment

Canara Bank Online Concurrent Auditors Empanelment 2026-27. Last Date 09.05.2026

2 months ago

Canara Bank Online Concurrent Auditors Empanelment 2026-27. Last Date to apply online is 09.05.2026 Canara Bank Online Concurrent Auditors Empanelment…

  • Income Tax

CIT(E) should have provided opportunity to assessee to produce documents – ITAT

2 months ago

The CIT(E) should have provided opportunity to assessee to produce documents and should have decided the application on its merit…

  • Income Tax

ITAT condemns callous approach of ITD making assessee shuttle between CPC & AO

2 months ago

ITAT condemns irresponsible attitude and callous approach of the income-tax authorities making assessee shuttle between the CPC and jurisdictional AO…

  • Income Tax

AO unjustified in assessing income as per CPC intimation ignoring rectification application

2 months ago

AO was not justified in assessing income as per ITR processed by CPC Bangalore u/s 143(1)(a) without giving effect to…