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ITAT Mumbai Rules Against Taxing Genuine ITR Mistakes
ITAT Mumbai's landmark ruling protects taxpayers from penalties for genuine ITR mistakes, offering crucial relief and clarity on tax rectification.
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ITAT Mumbai Rules Against Using Third-Party Statements as Sole Basis for Tax Additions
ITAT Mumbai rules third-party statements alone cannot justify tax additions, emphasizing the need for corroborative evidence in tax assessments.
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Borrowed Satisfaction: ITAT Quashes Penny Stock Additions in Multiple Family Cases
The Income Tax Appellate Tribunal (ITAT) Delhi has issued a landmark ruling, invalidating reassessment proceedings initiated against several family members involved in alleged penny stock transactions. The tribunal determined that…
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ITAT Rules Against Penny Stock Tax Additions: Evidence Overcomes Suspicion
ITAT's landmark ruling confirms evidence trumps suspicion in penny stock cases, protecting taxpayers from arbitrary tax additions.
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ITAT Rules Against Section 115BBE Tax Levy on Pre-Amendment Surrendered Income
ITAT clarifies that higher tax rates under Section 115BBE do not apply to income surrendered before the 2016 amendment.
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Navigating Income Tax Returns: A Strategic Guide for AY 2026-27
Master the complexities of Income Tax Returns for AY 2026-27 with this strategic guide to choosing the correct ITR form and avoiding penalties.
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ITAT Limits Tax Reassessment Powers: A Victory for Taxpayer Certainty
ITAT's landmark ruling strengthens taxpayer certainty by limiting tax reassessment powers, preventing arbitrary reopening of past assessments.
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Madras High Court Rules UPI Receipts Do Not Automatically Constitute Taxable Turnover for GST
Madras High Court clarifies UPI receipts alone do not automatically constitute taxable GST turnover for second-hand goods dealers.
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Madras High Court Overturns Ex Parte GST Order Amid Notification Concerns
Madras High Court quashes an ex parte GST order, emphasizing proper taxpayer notification beyond just the online portal for fair assessment.
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Salaried Employees’ ITR Checklist Before 31 July 2026 for AY 2026-27
Prepare for ITR filing AY 2026-27 with our essential checklist for salaried employees, ensuring timely and accurate tax submission by July 31, 2026.