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ITAT Rules Technical Errors in ITR Filing Do Not Void Section 80P Deductions
Discover how a new ITAT ruling protects Section 80P deductions for cooperative societies despite minor technical ITR filing errors.
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ITAT Rules Against Automatic Rejection of Chapter VI-A Deductions Following Filing Errors
ITAT rules against automatic rejection of Chapter VI-A deductions for tax return errors, ensuring fair assessment and verification.
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ITAT Pune Quashes Reassessment Order Over Cooling-Off Period Violation
ITAT Pune invalidates a reassessment order, reinforcing taxpayer rights and strict procedural compliance regarding the cooling-off period.
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ITAT Ruling Strengthens Taxpayer Defense Against Section 68 Additions
The Income Tax Appellate Tribunal (ITAT) recently ruled in favor of an assessee, deleting a contentious addition under Section 68 of the Income Tax Act after determining that a mere…
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ITAT Invalidates Reassessment Notices Issued Without Proper Statutory Sanction
ITAT rules reassessment notices issued after 3 years without proper PCCIT/CCIT sanction are invalid, impacting tax proceedings.
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FinMin Empowers ICICI, Groww, Upstox as Reporting Entities under PMLA Aadhaar Authentication Framework
India's FinMin empowers ICICI, Groww, Upstox for Aadhaar authentication under PMLA, boosting KYC and anti-money laundering efforts.
Posted inTaxation and Legal Insights
Latest GST Case Laws: Legislative Fix in Motion to Address Composite SCN Issue
Introduction to GST and the Importance of Case Laws The Goods and Services Tax (GST) is a significant achievement in the realm of tax reform in India, implemented with the…
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New GSTN Advisory on GSTR-3B Interest Re-computation
The Goods and Services Tax Network recently issued a significant advisory regarding the re-computation of interest for taxpayers filing GSTR-3B under Table 5.1. This development comes as a major relief…
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Taxpayer’s Selection of ‘No’ for a Personal Hearing Cannot Override the Statutory Requirement of Granting a Hearing: High Court
The judiciary has recently delivered a pivotal clarification regarding the rights of taxpayers under the GST regime. The High Court ruled that selecting the 'No' option for a personal hearing…
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GST Authorities Cannot Combine Company and Director Liability: Court Orders Separate Proceedings
In a landmark ruling, the High Court has clarified that GST authorities cannot issue a single, composite liability order against both a company and its director. This decision emphasizes that…