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Madras High Court Rules Legitimate Tax Deductions Valid Despite No Revised Return
Madras HC rules that genuine trust assessment deductions cannot be denied simply because a revised tax return was not formally filed.
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Delhi High Court Sets Aside Section 148A(d) Order For Ignoring Assessee Reply
Delhi High Court invalidates a Section 148A(d) income tax order because the assessing officer failed to review the submitted reply, violating natural justice.
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ITAT Mumbai Rules Bank and Demat Verification Crucial in Penny Stock Cases
ITAT Mumbai holds that the penny stock label cannot substitute proper bank and demat verification, admitting fresh evidence under Rule 29.
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WhatsApp Chats Alone Insufficient for Income Tax Additions ITAT Mumbai
ITAT Mumbai rules that WhatsApp chats cannot solely justify tax additions under sections 69A and 69C without proper verification.
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Low Income Does Not Equal Low Creditworthiness Under Section 68
Discover why low returned income does not automatically prove lack of creditworthiness under Section 68 based on recent appellate tribunal rulings.
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ITAT Agra Rules Online Gaming Buy-Ins Exceeding Winnings Constitute Loss Under Section 115BB
ITAT Agra deletes Rs 1.21 crore online gaming tax addition, ruling that buy-ins exceeding gross winnings result in a net loss rather than taxable income.
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Madhya Pradesh High Court Mandates Personal Hearing Before Adverse GST Orders
The MP High Court sets aside a Goods and Services Tax demand order, ruling that a personal hearing is mandatory under Section 75(4) before adverse rulings.
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ITAT Quashes Reassessment Under Section 147 for Change of Opinion on Share Premium
Discover how the ITAT quashed a Section 147 reassessment over share premium, reinforcing vital taxpayer protections against arbitrary tax audits.
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Delhi ITAT Quashes Assessment for No Fresh Section 143(2) Notice After Jurisdiction Change
Delhi ITAT quashed a tax assessment because the new officer failed to issue a mandatory Section 143 2 notice after a jurisdiction change.
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ITAT Mumbai Overturns Assessment Order Over Procedural Fairness Violations
ITAT Mumbai overturned an assessment order, citing procedural fairness violations and emphasizing the taxpayer's right to be heard in tax cases.