The ITAT Delhi ruled that a single approval for seven assessment years under Section 153D, issued without application of mind ...

The Tribunal upheld deletion of additions where receipts were linked to declared sales and no evidence of cash back was shown ...

ITAT Delhi overturned a ₹2.61 crore addition under sections 144/147, noting notices were sent to the wrong address and the ...

The issue was whether ITC could be recovered from a bona fide recipient without first proceeding against the supplier. The ...

The representation points to widespread taxpayer hardship due to late ITR utilities and faulty AIS-driven mismatch alerts.

The Supreme Court held that delay in filing execution and depositing balance sale consideration does not by itself render a decree inexecutable. Readiness and willingness, not rigid timelines, remain ...

ITAT held that section 69 cannot be invoked where purchases are duly recorded in books and paid through banking channels, making the reassessment ...

The Tribunal set aside a Section 69C addition where subcontract payments were backed by bills, accounts, and TDS compliance. Non-filing of return by the recipient was held insufficient to brand the ...

Explains how the IRS defines self-employment, including sole proprietors, contractors, partners, and gig workers, and clarifies who must comply with SE tax ...

The article explains why select savings instruments continue to enjoy Exempt-Exempt-Exempt status and how they deliver complete tax efficiency under the old tax ...

The Tribunal deleted a penalty imposed for alleged non-maintenance of accounts. It held that audited books, even if defective, do not attract penalty under Section ...

The Tribunal held that enhancing profit to 10% without comparables was arbitrary. Past accepted margins around 6% had to guide estimation. Income was directed to be computed at ...