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The Kerala High Court ruled that tax proceedings under Income Tax Section 148A are invalid if the income is less than INR 50 lakh and the notice is issued more than three years later. Justice Ziyad Rahman A.A. said that “when the order of the assessing authority is found to be without jurisdiction and hit […]
The Income Tax Appellate Tribunal in Ahmedabad has confirmed a decision to add ₹45.5 lakh to a person’s income due to claims of fake agricultural income. This means that the tribunal found that the individual was improperly reporting income from farming that wasn’t real. It was discovered that the taxpayer’s explanation that there has been […]
Relying solely on data from Form 26AS (Income Tax) without corroborating evidence was insufficient to verify service tax liability, the Delhi Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) ruled. The demand originally raised from the Show Cause Notice dated July 30, 2021, has been quashed by the bench of Dr. Rachna […]
In February 2026, India will launch its first-ever nationwide Household Income Survey, providing policymakers with comprehensive and direct data on household earnings from business, salaries, agriculture, investments, and informal sector jobs. The initiative’s motive is to address a long-standing gap in income, inequality, and taxation statistics in the country. The Ministry of Statistics and Programme […]
Like every year, SAG Infotech brings exclusive discounts on its wide range of software solutions designed for CA professionals and experts. On the occasion of CA (Chartered Accountant) Day on July 1, 2025, the company offers a flat 50% discount on ROC/MCA, payroll software, except GST and Genius. The company’s product portfolio includes Genius, Gen […]
The National Payments Corporation of India (NPCI) has launched a new feature that allows individuals to instantly verify their PAN and bank account details on the new ITR filing site. This new service aims to make the process of getting income tax refunds faster and to ensure that the information provided by taxpayers is more […]
The Delhi Bench of the ITAT decided that a taxpayer could not claim a tax deduction for buying a house because the property was registered in their mother’s name An individual taxpayer, Ashok Kumar, has faced scrutiny for the AY 2015-16. An income tax return (ITR) has been furnished by the taxpayer specifying an income […]
The university must be given a proper chance by the Assessing officer to show its case and can’t take the law into their hand by acting as a Prosecutor, Judge, and Executor at the same time, the Himachal Pradesh High Court ruled. Justice Tarlok Singh Chauhan & Justice Sushil Kukreja: “The Assessing officer took the […]
A Non-Resident Indian (NRI) residing in the US is facing an unexpected ordeal after selling his Pune property for ₹2 crore, despite complying with all regulations. The issue emerges when the buyer deposits 20% TDS on the sale via the wrong form. NRIs’ records of tax have come into discrepancy from this mistake, as well […]
