To make additions u/s 68 for unexplained cash credits, all three limbs must be proved/established In a recent judgment, ITAT has dismissed the appeal of the Revenue and upheld the order passed by the CIT(A) that to make additions u/s 68 for unexplained cash credits, all three limbs …

Kachha Arthia not entitled to credit for TDS wrongly deducted against his PAN In a recent judgment, ITAT has held that Kachha Arthia not entitled to credit for TDS wrongly deducted against his PAN ABCAUS Case Law Citation:ABCAUS 3919 (2024) (03) ITAT In the instant case, the assessee …

Changes in ITR form V and Acknowledgement for A.Y 2024 25 as per Finance Act 2023 CBDT has amended ITR form V and Acknowledgement for A.Y 2024 25 as per the amendments in the provisions of the Income tax Act, 1961 and In the Income tax Rules, 1962 …

High Court grants bail as order of arrest only stated assessee as master mind of the fake GST ITC racket and required to be arrested immediately. Arrest was not made for non cooperation and no remand was sought In a recent judgment, High Court has granted bail to …

Disallowance u/s 40A(3) for bearer cheque Payments. CBDT 1977 Circular relied upon by assessee does not exits with amendment to Rule 6DD. Supreme Court dismisses SLP In a recent judgment, the Hon’ble Supreme Court has dismissed the Special Leave Petition (SLP) filed by the assessee against the order …

The ITAT remands the assessment order passed ex-parte as the assessee was illiterate housewife and widow and did what husband asked to do with regard to her financial affairs In a recent judgment, the Hon’ble ITAT has set aside and remanded the order passed ex-parte as the assessee …