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Pune ITAT Ruling Tightens Scrutiny on Real Estate Customer Advances
Pune ITAT ruling clarifies Section 68 applies to real estate customer advances, increasing scrutiny on unexplained credits for developers.
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Pune ITAT Ruling Protects Scrap Dealers from Unexplained Cash Deposit Penalties
Pune ITAT ruling shields scrap dealers from unexplained cash deposit penalties when business turnover is consistently accepted by tax authorities.
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Pune ITAT Caps Contract Profit Estimation at 8%, Providing Significant Relief to Taxpayers
The Pune bench of the Income Tax Appellate Tribunal (ITAT) delivered a landmark ruling this week, declaring that an 18% net profit estimation on contract receipts is excessive without concrete…
