The case involved alleged bogus job-work transactions linked to a third party. The Tribunal found the receipts were genuine ...

Introduction The story of cryptocurrency in India has been a roller-coaster ride, to say the least. From the Reserve Bank of ...

The Court held that losses already set off in earlier years cannot be notionally carried forward for computing deduction ...

The addition under Section 68 was deleted as capital introduced by partners is not a loan or unexplained credit of the firm. Enquiry into partners creditworthiness must be conducted separately in ...

Once the Tribunal ruled that foreign salary was not taxable in India, consequential additions for alleged unexplained ...

The decision clarifies that the monetary threshold under Section 149 applies to actual taxable income, not purchase turnover. As the addition fell below ₹50 lakh, reassessment proceedings were ...

The Tribunal ruled that reopening based merely on audit objection without independent application of mind is unsustainable. An audit note cannot replace the Assessing Officers reasoned ...

The Tribunal emphasized that substantive justice prevails over technical PAN mismatch. Since income of the deceased was offered and accepted, TDS credit had to be allowed to the legal ...

The ITAT deleted addition under Section 69A where cash deposits were made in a joint account. Since the husband owned the deposits and was not cross-examined, taxing the wife was held ...

The anti-profiteering investigation calculated profiteering due to enhanced ITC under GST. As the developer passed on the ...

The draft amendment introduces detailed norms on recovery agents, borrower treatment, and grievance redressal. Harsh ...

The Tribunal upheld 200% penalty under Section 270A for misreporting income through ineligible deductions. Admitted incorrect claims were treated as conscious misrepresentation, not a bonafide ...