Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
Showing 5 of 13 articles.
ITAT Mumbai ruled that capital gains from SAL and MHSL shares cannot be labelled bogus without evidence, striking down ₹2.41 crore addition under Section 68 and ₹9.66 lakh under S…
The Income Tax Department has launched a major crackdown on manufactured spending and credit-card reward farming in India. Learn how Sections 68, 69C, AIS, and SFT data trigger ta…
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 rules that penny stock capital gains cannot be taxed under Section 68 without clear evidence of a nexus with price rigging. Suspicion alone is not enough. Judgment offers maj…