Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
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ITAT rules jeweller’s cash sales on demonetisation day as genuine, deleting Section 68 addition. Major clarity for businesses facing scrutiny over cash deposits.
India’s Income Tax Department is issuing nationwide notices for third-party credit card payments, manufactured spending, and reward-point misuse. AIS and SFT data now track suspic…
ITAT Mumbai quashes the ₹10 crore tax demand against Preity Zinta, citing major reassessment flaws and procedural lapses under Section 147. Get the full breakdown of the tribunal’…
ITAT Pune held that the AO wrongly compared stamp duty and ready reckoner values, causing an unjustified ₹75.33 lakh addition. The tribunal restored the Section 54F exemption and …
ITAT rules that salary arrears of a deceased employee cannot be taxed as a legal heir’s personal income. Tribunal enforces Section 159 of the Income Tax Act, safeguarding families…