EaseValueBogus Purchase Disallowance: Transport & Consumption Evidence Required
A recent ITAT Raipur decision shows that invoices and GST documents alone cannot prove genuine purchases. You must have transport and consumption evidence to avoid 12.5% disallowance.
Section 270A Penalty Deleted: AO Must Specify Charges Clearly
A recent ITAT Mumbai ruling has clarified that Section 270A penalties cannot stand if the show cause notice doesn't clearly specify whether the charge is under-reporting or misreporting of income. This is a major win for taxpayers.
ITAT Deletes Jewellery Addition: How to Prove Inheritance & Purchase Source
An important ITAT ruling shows how to successfully defend jewellery additions through proper documentation. Find out what evidence the tax department accepts and how it affects you.
Income Tax & GST on Religious Properties: What You Must Know
A recent MP High Court ruling clarifies the distinction between religious properties and protected monuments under tax law. Learn how this impacts your GST and Income Tax obligations.
Income Tax: Can I-T Dept Add Tax on Cash Property Payments?
A major ITAT ruling protects taxpayers from arbitrary tax additions on property purchases. The I-T Department now needs solid proof, not just seized documents from third parties.
ITR Scrutiny Notice Deadline June 30: Key Tax Dates July 2024
June 30 marks the final deadline for Income Tax Department to issue scrutiny notices for ITRs. July brings several important tax compliance dates that every taxpayer and business must track.
Income Tax Reassessment Beyond Limitation Period Invalid: HC Ruling
A landmark Chhattisgarh High Court decision has ruled that Income Tax reassessment orders passed beyond the limitation period under section 153 are completely invalid. This is major news for taxpayers facing delayed reassessment notices.
GST Demand Quashed: Portal Notice Upload Rules Explained
The Allahabad High Court recently quashed a GST demand order because the tax authorities uploaded notices in the wrong portal tab. This landmark ruling protects businesses from procedurally defective GST notices.
Section 69A Deletion: ITAT Rules on Cash Deposits as Business Receipts
In a landmark ruling, ITAT Lucknow deleted a Section 69A addition after confirming that cash deposits were legitimate business receipts properly recorded in books. This decision provides relief to businesses facing income tax scrutiny on cash transactions.
Google AdWords TDS Section 194C: What Advertisers Must Know
The ITAT Hyderabad has clarified that Google AdWords payments are advertising expenses under Section 194C TDS, not technical services. This ruling impacts how businesses deduct TDS and claim GST input tax credit.
GST Registration Cancellation: High Court Quashes Order Without Reasons
A recent Gauhati High Court judgment has set an important precedent for GST registration cancellations. Learn why proper documentation and reasons matter for your business.
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