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CA Misses 143(1) Intimation due to Engagement in Foreign Tax Filings: ITAT Condones 38-Day Delay in Income Tax Appeal [Read Order]

CA Misses 143(1) Intimation due to Engagement in Foreign Tax Filings: ITAT Condones 38-Day Delay in...

Kavi Priya
Delhi HC sets aside Notice u/s 148A(b) of  Income Tax Act, citing Bar by Limitation [Read Order]

Delhi HC sets aside Notice u/s 148A(b) of  Income Tax Act, citing Bar by Limitation [Read Order]

Yogitha S. Yogesh
“Income Chargeable to Tax Means Chargeable Under the Act”: Rajasthan HC Quashes S.148A(d) Order on NRI’s Land Purchase [Read Order]

“Income Chargeable to Tax Means Chargeable Under the Act”: Rajasthan HC Quashes S.148A(d) Order on...

Avinash Kurungot
ITAT Directs CIT(A) to Re-examine Gift from HUF Under Section 56(2)(vii) of Income Tax Act 1961 [Read Order]

ITAT Directs CIT(A) to Re-examine Gift from HUF Under Section 56(2)(vii) of Income Tax Act 1961...

Eeva Mary Sanil

Income Tax Bill 2025: What Every Family Needs to Know About Clubbing of Income [Read Bill]

The government has taken a huge step towards simplifying and consolidating the provisions of the Income Tax Act, 1961, by introducing the Income Tax Bill, 2025 (ITB) in Parliament. The bill aims to...

Income Tax Bill 2025: What Every Family Needs to Know About Clubbing of Income [Read Bill]
Kavi Priya

ITAT Directs Fresh Adjudication as CIT(A) Fails to Provide Reasoned Order u/s 250(6) [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) directed fresh adjudication because the Commissioner of Income Tax (Appeals) [CIT(A)] failed to provide a reasoned order under Section...

ITAT Directs Fresh Adjudication as CIT(A) Fails to Provide Reasoned Order u/s 250(6) [Read Order]
Kavi Priya

ITAT estimates Cheque Discounter’s Taxable Income at 10% of Cash and Other Credit due to Possible Revenue Leakage [Read Order]

In a notable ruling, the Surat Bench of the Income Tax Appellate Tribunal (ITAT) proceeded to estimate the taxable income of a cheque discounter at 10% of the cash and other credit amount disputed by...

ITAT estimates Cheque Discounter’s Taxable Income at 10% of Cash and Other Credit due to Possible Revenue Leakage [Read Order]
Avinash Kurungot

Income Tax Case Digest: Addition on Bogus Purchases under Income Tax Act

The word bogus refers to fake, false, sham, or not genuine. Bogus purchases under the Income Tax Act, 1961 refer to transactions where taxpayers falsely claim purchases from fictitious or...

Income Tax Case Digest: Addition on Bogus Purchases under Income Tax Act
Saagarika Gopinath

Securing Your Family's Future and Reducing Tax Burden: The Benefits of Term Insurance

Term insurance is one of the most affordable life insurance products, acting as a safety net for your dependents in your absence. In addition to offering financial coverage, it is also an investment...

Benefits of Term Insurance - Tax Burden - Term Insurance - Taxscan
Taxscan Editorial

ITAT remands Case to CIT(A) for Fresh Review, Citing Procedural Deficiencies in Assessment Order [Read Order]

The Chennai Bench Of Income Tax Appellate Tribunal ( ITAT ) remanded the case to the Commissioner of Income Tax (Appeals)[CIT(A)] for a fresh review, citing procedural deficiencies in the assessment...

ITAT remands Case to CIT(A) for Fresh Review, Citing Procedural Deficiencies in Assessment Order [Read Order]
Sneha Sukumaran Mullakkal

Rectification Not Available for Debatable Income Tax Matters: ITAT [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) of Delhi held that rectification is not ermissible for debatable issues related to income tax matters. The case in question involved the...

Rectification Not Available for Debatable Income Tax Matters: ITAT [Read Order]
Varda Marakkar

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