Mumbai ITAT rules that tax additions for bogus purchases are not valid if the goods were returned and the transactions were fully reversed in the company's ...

Between August 11th and 17th, 2025, various Indian regulatory bodies issued key updates. The Income Tax Department notified tax exemptions for the Parambikulam Tiger Conservation Foundation and ...

The Chandigarh ITAT has dismissed a trust's appeal for 80G approval, ruling that its hospital operates commercially and has no verifiable charitable ...

Chart-based guide to Income Tax Act 1961 for AY 2025-26, updated with Finance Act 2024 amendments. Covers tax rates, deductions, TDS, ITR changes and ...

ITAT Chandigarh deletes a Section 68 addition on share capital, ruling that a listed company is not required to prove a source of source for ...

ITAT rules that a company's share premium received from a publicly listed parent company is not taxable under Section 56(2)(viib) and cannot be taxed as ...

ITAT Mumbai deletes 100% bogus purchase addition on diamonds, ruling that only the profit element is taxable as the assessee had already offered presumptive ...