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Why Income Tax Notices are Increasing: 5 Red Flags Taxpayers Must Watch
IncomeTax (IT) notices are increasing in India mainly because the tax department is now using stronger data tracking and automated matching. Earlier,...
Mutual Fund Investments Are Neither Trading Nor Service, But Non-Taxable Financial Activities: CESTAT in GMR Case [Read Order]
The Hyderabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that investment in mutual fund units does not constitute trading or a taxable service, but is merely a...
![Mutual Fund Investments Are Neither Trading Nor Service, But Non-Taxable Financial Activities: CESTAT in GMR Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Mutual-Fund-Investments-Non-Taxable-Financial-Activities-Financial-Activities-taxscan.jpg "Mutual Fund Investments Are Neither Trading Nor Service, But Non-Taxable Financial Activities: CESTAT in GMR Case [Read Order]")
ITAT dismisses Appeals, Sustains Additions for Unexplained items Found During Search, Citing Evidentiary Value [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Delhi Bench has dismissed the appeals filed by two companies and upheld the additions made by the Assessing Officer ( AO ) under Section 153A of the Income...
![ITAT dismisses Appeals, Sustains Additions for Unexplained items Found During Search, Citing Evidentiary Value [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Unexplained-Items-Citing-Evidentiary-Value-taxscan.jpg "ITAT dismisses Appeals, Sustains Additions for Unexplained items Found During Search, Citing Evidentiary Value [Read Order]")
