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.
ITAT Ahmedabad rules that a calculation mistake in claiming Section 54F exemption does not amount to tax misreporting. Tribunal quashes penalty under Section 270A, offering major …
ITAT rules that purchases supported by valid GST e-way bills cannot be treated as bogus. Landmark judgment offers major relief to businesses, clarifies bogus purchase allegations,…
Delhi ITAT rules that LTCG exemption under Section 10(38) applies strictly to equity shares and equity-oriented mutual funds. Derivatives, unlisted shares, bonds and debentures ar…
ITAT Mumbai has ruled that stock write-down disallowance under Section 37(1) is unjustified without verifying evidence. The tribunal set aside the CIT(A) order in Ador Welding Lim…