Delhi ITAT partially allows Rohit Goel's appeal against ACIT, addressing unexplained cash deposits, out-of-book purchases, and assessing income based on bank ...

The ITAT Mumbai has deleted unexplained cash credit additions for the Pitkar family, ruling Section 68 inapplicable to bank passbooks and citing genuine medical ...

SC rules that nominees under Section 109A of the Companies Act do not gain absolute ownership of shares, preserving legal heirs' rights under succession ...

Learn about India's upcoming GST Compliance Rating system and recent tax reforms. Understand its benefits for taxpayers, buyers, and creditors, and the challenges of ...

Understand the importance of correct formats for Section 143(2) scrutiny notices. Learn how non-compliance impacts tax assessments, referencing CBDT guidelines and recent tribunal ...

Understand Indian income tax implications for non-resident shareholders on foreign company share buybacks. Learn about residential status, capital asset situs, and why capital gains on foreign shares ...

India's exporters face mandatory annual IEC updates from DGFT, even with no changes. This practice burdens businesses and raises concerns about efficiency and legal ...

ITAT Nagpur rules Prerana Samajik Sanskrutik Trust's provisional registration was wrongly cancelled. Temporary loans, not ...

Madras High Court rules Tamil Nadu Housing Board cannot demand extra 5% GST from flat allottees when the advertised price was ...

The Gujarat High Court, after hearing arguments from both sides, focused on whether the Section 148 notice deserved to be ...

Gujarat High Court upholds ITAT's deletion of ₹70 lakh unexplained cash credit, ruling against double taxation of export sales. Clarification on Section 80HHC ...

Delhi ITAT set aside penalties against Delhi Building & Others for Assessment Years 2007-08 and 2008-09, citing the Assessing ...