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![Insufficient Evidence for AO’s Addition: Bombay HC dismisses Income Tax Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Income-Tax-Appeal-Income-Tax-Act-Bombay-High-Court-Bombay-HC-TAXSCAN.jpg "Insufficient Evidence for AO’s Addition: Bombay HC dismisses Income Tax Appeal [Read Order]")
Insufficient Evidence for AO’s Addition: Bombay HC dismisses Income Tax Appeal [Read Order]
In a recent ruling, the Bombay High Court dismissed the income tax appeal, citing the materials on record does not justify such additions of the...
![Indexation Benefit Allowable Based on Cost of Acquisition of Property Sold by Taxpayer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Appellate-Tribunal-ITAT-Taxpayer-indexation-acquisition-of-property-long-term-capital-loss-taxscan.jpg "Indexation Benefit Allowable Based on Cost of Acquisition of Property Sold by Taxpayer: ITAT [Read Order]")
![Budget 2024-25: FM Introduces Relief Measures Limiting Reopening of Old Income Tax Returns [Read Bill]](https://www.taxscan.in/wp-content/uploads/2024/07/Budget-2024-FM-Introduces-Measures-Limiting-Reopening-Income-Tax-Returns-TAXSCAN.jpg "Budget 2024-25: FM Introduces Relief Measures Limiting Reopening of Old Income Tax Returns [Read Bill]")
![Validity of Notice u/s 148 of Income Tax Act must be Evaluated Based on Legal Framework Existing on Date of Issuance: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Income-Tax-Act-Income-Tax-Notice-Bombay-High-Court-Bombay-HC-TAXSCAN.jpeg "Validity of Notice u/s 148 of Income Tax Act must be Evaluated Based on Legal Framework Existing on Date of Issuance: Bombay HC [Read Order]")
![AO must Forward Draft Assessment to assessee u/s 144 C of Income Tax Act if he proposes to make any variation in ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Income-Tax-Act-ITAT-ITAT-Chennai-ITR-Income-Tax-Appellate-TAXSCAN.jpg "AO must Forward Draft Assessment to assessee u/s 144 C of Income Tax Act if he proposes to make any variation in ITR: ITAT [Read Order]")
![Budget 2024: Heres the Complete Income Tax Rate Structure in a Nutshell [Read Bill]](https://www.taxscan.in/wp-content/uploads/2024/07/Budget-2024-Income-Tax-Rate-Structure-in-a-Nutshell-TAXSCAN.jpg "Budget 2024: Heres the Complete Income Tax Rate Structure in a Nutshell [Read Bill]")
![Budget 2024: 10% TDS on Firm to Partner Payments under New Section 194T [Read Bill]](https://www.taxscan.in/wp-content/uploads/2024/07/Budget-2024-TDS-Firm-Partner-Payments-New-Section-194T-taxscan.jpg "Budget 2024: 10% TDS on Firm to Partner Payments under New Section 194T [Read Bill]")
Budget 2024-25: FM Proposes to Amend S.271H of Income Tax Act w.r.t Penalty on Late Returns Filing [Read Bill]
The Union Finance Minister Nirmala Sitharaman during the Budget Presentation at 11 AM on 23rd July 2024 proposed to amend S.271H of Income Tax Act relating to penalty for failure to furnish...
![Budget 2024-25: FM Proposes to Amend S.271H of Income Tax Act w.r.t Penalty on Late Returns Filing [Read Bill]](https://www.taxscan.in/wp-content/uploads/2024/07/Budget-2024-insights-Budget-2024-coverage-Union-Budget-2024-Budget-2024-tax-changes-S.271H-of-Income-Tax-Act-Penalty-On-Late-Returns-Filing-Nirmala-Sitharaman-taxscan.jpg "Budget 2024-25: FM Proposes to Amend S.271H of Income Tax Act w.r.t Penalty on Late Returns Filing [Read Bill]")
![Budget 2024-25: Know the Revised TDS Rates under Income Tax Act [Read Bill]](https://www.taxscan.in/wp-content/uploads/2024/07/Budget-2024-25-Know-the-Revised-TDS-Rates-Income-Tax-Act-taxscan.jpg "Budget 2024-25: Know the Revised TDS Rates under Income Tax Act [Read Bill]")
![[TAXSCAN 360] ITR Filed? Know Complete Details on Income Tax Refund](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Refund-Income-Tax-ITR-Filing-How-to-Claim-Income-tax-refund-Income-Tax-Return-Tips-ITAT-Tax-Deductions-taxscan.jpg "[TAXSCAN 360] ITR Filed? Know Complete Details on Income Tax Refund")
