Decoding Income Tax Return Requirements for Visa Applications: What Every Indian Applicant Needs to Know
One doсument thаt’s bесoming а gаme-chаnger, espeсiаlly fоr Indiаn Visа аppliсаnts, is thе Inсome Таx Return (IТR). Whethеr you're аррlying fоr а...
Ex-Parte Rejection of 80G Approval Application Set Aside: ITAT Directs CIT (Exemption) to Re-Examine Takshashila Education and Charitable Trust’s Plea [Read Order]
The Income Tax Appellate Tribunal, Ahmedabad Bench, quashed the ex-parte order passed by the Commissioner of Income Tax (Exemption), National Faceless Appeal Centre, Delhi, rejecting Takshashila...
Rs.28 Lakh Addition under Business Income Unwarranted: ITAT allows Appeal as CIT(A) misses Capital Gain Rectification [Read Order]
The Income Tax Appellate Tribunal Bench at Ahmedabad, has held that the addition of ₹28,03,587 to business income in the case of Yogesh Himatlal Thakker was unwarranted, allowing his appeal and ...
“Time Is to Be Calculated by the Calendar, Not the Clock”: Jharkhand HC Slams Income Tax Dept for Ignoring Timely Reply [Read Order]
In a recent ruling, the Jharkhand High Court held that a taxpayer’s reply submitted on the last permitted date must be considered by the Income Tax Department, and that deadlines should be counted ...
Bogus LTCG Addition with Incriminating Material in Search Assessment Invalid: ITAT Grants Relief u/s 10(38) [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs. 94,59,870 treated as bogus long-term capital gain (LTCG) and ruled that such addition was unsustainable in...
