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Recently, the companies whose tax payments do not match with the e-way bills generated have been asked for clarification by the GST officers. The revenue authorities have found this tax evasion while matching outward good supplies with the data, as reported from the sources.
The old issue of assessees control has been replied by The Indian Revenue Service (Customs and Central Excise) officers’ association who has demanded the council to give the authority of assessing all the taxpayers under the turnover of lesser than 1.5 crores to the centre.
The Calcutta High Court has stayed reassessment proceedings initiated u/s 148 of the Income Tax Act, 1961, for the AY 2021-22, on a prima facie basis, that the reassessment notice seemed to have been issued without acknowledging the taxpayer’s detailed replies provided earlier in reply to a notice u/s 133(6) of the Income Tax Act. […]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the actions taken by the Dispute Resolution Panel (DRP) under Section 144C of the Income Tax Act, 1961, do not supersede or prolong the limitation period outlined in Section 153 of the Income Tax Act, 1961. Motorola Solutions India Private Limited submitted the […]
A recent ruling by the Madurai Bench of the Madras High Court has overturned a tax assessment order related to the Goods and Services Tax (GST) in Tamil Nadu. The court found that the tax authorities did not allow the taxpayer an opportunity for a personal hearing before making their decision. Additionally, the court stated […]
The Income Tax Appellate Tribunal (ITAT) at Jaipur has remanded a case of Rs 76.31 lakh tax addition, stating that the taxpayer must be provided one more chance to prove that a disputed bank account linked to his PAN did not belong to him. A coram of Judicial Member Narinder Kumar and Accountant Member Annapurna […]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the only filing of an ITR in an incorrect form cannot be a foundation to disallow genuine expenditure. The Bench said that procedural lapses must not override substantive rights of the taxpayer. New Surya Public School, an educational society registered under the […]
The Visakhapatnam Bench of the Income Tax Appellate Tribunal (ITAT) has provided relief to a non-resident taxpayer after discovering that a revised Income Tax Return (ITR) was filed fraudulently by a consultant without the taxpayer’s knowledge. This wrongful action led to a tax demand of ₹12.93 lakh for the assessment year 2024–25. The case is […]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that a co-operative society earned a rental income from letting out its administrative building is assessable under the head “Income from House Property” and not as “Income from Other Sources.” The matter was heard by a Bench comprising Vice President Saktijit Dey and […]
