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ITAT Limits Tax Authority Powers: Reassessments Require Independent Verification
Posted inBlog

ITAT Limits Tax Authority Powers: Reassessments Require Independent Verification

The Ruling and Its SignificanceThe Income Tax Appellate Tribunal (ITAT) recently issued a landmark ruling in a case involving Section 147 of the Income Tax Act, explicitly prohibiting tax authorities…
Posted by Prasenjit Bhowmik June 8, 2026
Calcutta High Court Ruling Establishes TDS Records as Legal Proof of Financial Relationships
Posted inBlog

Calcutta High Court Ruling Establishes TDS Records as Legal Proof of Financial Relationships

Calcutta High Court rules TDS records and income tax filings are legal proof of financial relationships, strengthening loan agreement enforcement.
Posted by Prasenjit Bhowmik June 8, 2026
ITAT Delhi Quashes Reassessment as ACIT Lacked Jurisdiction Under CBDT Income Limits
Posted inBlog

ITAT Delhi Quashes Reassessment as ACIT Lacked Jurisdiction Under CBDT Income Limits

ITAT Delhi rules ACIT lacked jurisdiction for reassessment when income fell below CBDT limits, affirming ITO's exclusive authority in such cases.
Posted by Prasenjit Bhowmik June 8, 2026
ITAT Kolkata Clarifies TDS Applicability on Material Costs in Installation Contracts
Posted inBlog

ITAT Kolkata Clarifies TDS Applicability on Material Costs in Installation Contracts

ITAT Kolkata clarifies TDS applies only to labor, not material costs, in installation contracts, offering crucial relief for businesses.
Posted by Prasenjit Bhowmik June 8, 2026
Bombay High Court Reinforces Precedent on Advance Hotel Receipts in Tax Dispute
Posted inBlog

Bombay High Court Reinforces Precedent on Advance Hotel Receipts in Tax Dispute

Bombay High Court clarifies tax treatment of advance hotel receipts, providing crucial certainty for the hospitality industry.
Posted by Prasenjit Bhowmik June 8, 2026
Bombay High Court Rules Procedural Lapses Cannot Deny Section 115BAA Tax Benefits
Posted inBlog

Bombay High Court Rules Procedural Lapses Cannot Deny Section 115BAA Tax Benefits

Bombay High Court rules minor procedural delays won't deny companies crucial Section 115BAA tax benefits, prioritizing substantive eligibility.
Posted by Prasenjit Bhowmik June 8, 2026
ITAT Ruling Clarifies Limits of Section 69 for Documented NBFC Funding
Posted inBlog

ITAT Ruling Clarifies Limits of Section 69 for Documented NBFC Funding

ITAT clarifies Section 69 limits, ruling documented NBFC funding is explained income, preventing tax penalties for legitimate capital sources.
Posted by Prasenjit Bhowmik June 8, 2026
ITAT Mumbai Rules Against Taxing Genuine ITR Mistakes
Posted inBlog

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.
Posted by Prasenjit Bhowmik June 7, 2026
ITAT Mumbai Rules Against Using Third-Party Statements as Sole Basis for Tax Additions
Posted inBlog

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.
Posted by Prasenjit Bhowmik June 7, 2026
ITAT Rules Against Penny Stock Tax Additions: Evidence Overcomes Suspicion
Posted inBlog

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.
Posted by Prasenjit Bhowmik June 7, 2026

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Recent Posts

  • ITAT Limits Tax Authority Powers: Reassessments Require Independent Verification
  • ITAT Remands Section 270A Penalty Case if Quantum Appeal Was Still Pending
  • Calcutta High Court Ruling Establishes TDS Records as Legal Proof of Financial Relationships
  • CESTAT Ruling Strengthens CENVAT Credit Eligibility Based on Service Nexus
  • NCLAT Finalizes Resolution Plan Stance, Dismissing GNIDA Appeal

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