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 ...

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 ...

A guide to LLP ROC filing for 2025 in India. Learn about key forms, deadlines (May 30, Oct 30), fees, and penalties to ensure ...

India and the Eurasian Economic Union have signed a Terms of Reference to begin negotiations on a Free Trade Agreement, ...

NCLAT Delhi held that application under section 7 of the Insolvency and Bankruptcy Code [IBC] is duly admissible since default occurred subsequent to section 10A period. Accordingly, order upheld and ...

Penalty under section 271(1)(c) was not leviable as deceased alone could have explained the source of the deposits, and since he had died before the initiation of penalty proceedings, it was not ...

A waiver of the Show Cause Notice could not be done on the basis of a pre filled form and the same being used as a basis for not issuing a Show Cause Notice or not affording a personal hearing, was ...

The ITAT Lucknow tribunal rules that an accommodation entry provider can only be taxed on its commission income, not the ...

ITAT Delhi held that addition towards accommodation entry and bogus capital gain exemption upheld since the shares were purchased in off market mode. Accordingly, appeal of revenue ...