Omission in mentioning name of lender in the audit report no basis to discard cogent documentary evidence – ITAT In a recent judgment, ITAT Agra has held that any omission in mentioning the name of lender/payee in the tax audit report cannot be made basis to discard assessee’s …

Clarification regarding timely submission of application for renewal of FCRA registration certificate under the Foreign Contribution (Regulation) Act, 2010. Ministry of Home Affairs (FCRA Division) has issued a clarification regarding timely submission of application for renewal of FCRA registration certificate. Attention of all associations registered under the Foreign …

In deciding the authenticity of agricultural income, certificate from the Tahsildar and expert report cannot be ignored in preference to unverified Google Earth Pro images – ITAT In a recent judgment, ITAT Chennai has held that in deciding the agricultural income, the authenticated documents such as the certificate …

CBDT amends scope of exclusions from e-Appeals Scheme 2023 by increasing threshold of disputed demand CBDT amends scope of exclusions from e-Appeals Scheme 2023 by increasing threshold of disputed demand to Rs. 25 lakhs from Rs. 10 lakhs CBDT vide Notification No. 33/2023 dated 29.05.2023 notified e-Appeals Scheme …

Case remanded as assessee belonged to tribe and his income was exempt u/s 10(26) and he did not get opportunity to explain his case. In a recent case, ITAT Guwahati remitted the case to Assessing Officer as the assessee was a resident Tribe of Arunachal and his income …

Loss of jewellery seized and kept in bank custody amounts to loss by Income Tax Authorities and payment of said jewellery has to be made by the Income Tax Authorities. In a recent judgment, Hon’ble High Court has held that the loss of jewellery seized by Income Tax …