Conclusion: Addition against unexplained cash deposit of ₹49.50 lakh was remanded back to AO for verification if the deposits were from business activities, the addition under Section 69A could not ...

The respondent’s argument focused on the company’s failure to file its income tax return for the assessment year 2014-15, based on which the reopening notice was issued. However, the Gujarat High ...

It is definitely a matter of utmost significance to note that while ruling in a dowry harassment case, the Supreme Court in a most learned, laudable, landmark, logical and latest judgment titled PV ...

As per the records of the Centralized Processing Cell (TDS), you have filed TDS Statement for 26Q, Quarter 2, F.Y. 2023-24; however, This TDS Statement has not been filed for Quarter 2 F.Y. 2024-25; ...

A Tax Invoice is a legal document issued by a registered supplier under GST. Rule 46 of the CGST and SGST Rules lays down the key details that must be included in a Tax Invoice excluding these special ...

Achieving a tax-free rental income of ₹20,00,000 is a goal many property owners aspire to. With the recent changes introduced in the Union Budget 2025, there are strategic avenues to minimize tax ...

In a significant move to modernize India’s tax framework, the Union Cabinet has approved the new Income Tax Bill 2025, set to replace the existing Income Tax Act of 1961. This initiative aims to ...

The Income Tax Department of India has introduced an innovative feature on its e-Filing portal called “Request for Order Giving Effect”. This new functionality allows taxpayers to submit requests ...

The ruling highlights the ongoing judicial scrutiny of reassessment proceedings under the amended Income Tax Act, 1961, particularly concerning the procedural and jurisdictional validity of notices ...

The court ruled that the reassessment notice was invalid, emphasizing that once an authority determines that reassessment is unnecessary, it cannot reverse its decision arbitrarily without a valid ...

Madhya Pradesh High Court dismissed a writ petition filed by Laxminarayan Patidar challenging an order under Section 148A(d) and a subsequent notice under Section 148 of the Income Tax Act, 1961, ...

Assistant Commissioner (ST), holding that the absence of a signature is a fundamental defect that renders the order invalid.