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![Onus to prove genuineness of Trading of Shares leading to LTCG Gain lies on Assessee: ITAT disallows Income Tax Exemption on bogus LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/1f505b76-e5c6-41e2-9fee-b2d3aea32d58.jpg "Onus to prove genuineness of Trading of Shares leading to LTCG Gain lies on Assessee: ITAT disallows Income Tax Exemption on bogus LTCG [Read Order]")
Onus to prove genuineness of Trading of Shares leading to LTCG Gain lies on Assessee: ITAT disallows Income Tax Exemption on bogus LTCG [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) while disallowing the Income Tax Exemption on bogus Long Term Capital Gains (LTCG) held that...
![Gauhati HC directs Authority to pass reasoned order on Accused Taxpayer involved in passing on Fake ITC without Movement of Actual Goods [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Gauhati-High-Court-GST-Commissioner-Taxscan.jpeg "Gauhati HC directs Authority to pass reasoned order on Accused Taxpayer involved in passing on Fake ITC without Movement of Actual Goods [Read Order]")
![TN Govt. issues Instructions on SoP for Faceless Refund [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/11/Tamil-Nadu-Govt-SoP-for-Faceless-Refund-Standard-Operating-Procedure-Taxscan.jpeg "TN Govt. issues Instructions on SoP for Faceless Refund [Read Circular]")
Relief to 70-Year Old Taxpayer: ITAT quashes Reopening of Assessment based on Mechanical Approval [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh bench, while granting relief to a 70-year old taxpayer, quashed re-assessment under Sec.148 of the Income Tax Act since the same was passed...
![Relief to 70-Year Old Taxpayer: ITAT quashes Reopening of Assessment based on Mechanical Approval [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Taxpayer-ITAT-Reopening-of-Assessment-Mechanical-Approval-Taxscan.jpg "Relief to 70-Year Old Taxpayer: ITAT quashes Reopening of Assessment based on Mechanical Approval [Read Order]")
Income Tax Search and Seizure: Seizure of undisclosed jewellery and its assessment thereupon- Legal Treatise
Introduction: The Central Board of Direct Taxes vide Instruction no. 1916 dated 11-05-1994, clarified that no seizure should be made by the Search Party of the Jewellery and Ornaments found during...
