New INCOME TAX NOTICE बुरे फंसे टैक्सपेयर ! INCOME TAX REFUND लेने वाले जरूर देखें 44AD , SEC 194J
New INCOME TAX NOTICE बुरे फंसे टैक्सपेयर ! INCOME TAX REFUND लेने वाले जरूर देखें 44AD , SEC 194J
ITR REFUND PROCESSING आयकर विभाग ने रिफंड देने से पहले मांगे दस्तावेज !
ITR REFUND PROCESSING आयकर विभाग ने रिफंड देने से पहले मांगे दस्तावेज ! INCOME TAX LATEST UPDATE
ITAT Allows Deduction for Bank Transaction Charges Against Interest Income.
ITAT Allows Deduction for Bank Transaction Charges Against Interest Income. Issue Whether bank transaction charges levied by a bank are an allowable expenditure under Section 57 of the Income-tax Act against the interest income earned by the assessee from the same bank. Facts The assessee had declared interest income totaling ₹2,71,511, which was earned from… Read More »
ITAT Deletes Addition as AO Ignored “Glaring Facts” Available on Record.
ITAT Deletes Addition as AO Ignored “Glaring Facts” Available on Record. Issue Whether an ex-parte addition for unexplained investment under Section 69 can be sustained when the primary evidence on the Assessing Officer’s (AO) own record—the sale deed—clearly contradicts the basis of the addition? Facts The assessee’s case was reopened for Assessment Year 2018-19 based… Read More »
87A Rebate is Available on STCG (111A) Tax for AY 2024-25 Under New Tax Regime.
87A Rebate is Available on STCG (111A) Tax for AY 2024-25 Under New Tax Regime. Issue Whether a resident individual who opted for the new tax regime (Section 115BAC(1A)) in Assessment Year 2024-25, and whose total income is below ₹7,00,000, can be denied the tax rebate under Section 87A against the tax payable on Short-Term… Read More »
IMPORTANT INCOME TAX CASE LAWS 06.11.25
IMPORTANT INCOME TAX CASE LAWS 06.11.25 Here is the requested information formatted in a table. SECTION CASE LAW TITLE Brief Summary Citation Relevant Act Section 10(23C) Deputy Commissioner of Income-tax (Exemption) v. Maharashtra State Board of Secondary & Higher Secondary Education Shivaji Nagar An autonomous examination board that had approval under section 10(23C)(iv) was entitled… Read More »
IMPORTANT GST CASE LAWS 06.11.25
IMPORTANT GST CASE LAWS 06.11.25 SECTION/RULE CASE LAW TITLE Brief Summary Citation Relevant Act Section 9 Link up Textiles (P.) Ltd., In re Made-to-order men’s pyjama sets (woven tops/bottoms, predominantly cotton) for export are classified as men’s nightwear under HSN 620721. Click Here CENTRAL GOODS AND SERVICES TAX ACT, 2017 Section 9 Link up… Read More »
HC Directs GST Authorities to Permit Rectification of Clerical Error in Return.
HC Directs GST Authorities to Permit Rectification of Clerical Error in Return. Issue Whether a taxpayer can be denied the right to rectify a bona fide clerical error in a self-assessed GST return (GSTR-3B), where the statutory deadline for amendment has expired, especially when the error causes no revenue loss to the government. Facts The… Read More »
Bail Denied in ₹19.76 Cr GST Fraud Case Due to Absconding Co-Accused and Ongoing Investigation.
Bail Denied in ₹19.76 Cr GST Fraud Case Due to Absconding Co-Accused and Ongoing Investigation. Issue Whether an accused in a significant, multi-crore Input Tax Credit (ITC) fraud case should be granted bail while the investigation is still ongoing and a key co-accused is absconding. Facts The petitioner was alleged to have managed three dummy… Read More »
HC Relegates Fraud Case to Appeal, Citing Possible Non-Consideration of Reply.
HC Relegates Fraud Case to Appeal, Citing Possible Non-Consideration of Reply. Issue Whether a High Court should entertain a writ petition challenging an order in a fraudulent Input Tax Credit (ITC) case where the petitioner failed to attend personal hearings, but the adjudicating authority, in turn, failed to properly consider the petitioner’s detailed written reply… Read More »