GST Recovery on the Rise: Good News for Taxpayers
The Directorate General of GST Intelligence (DGGI) has seen a significant increase in the recovery…
Tax Break Denied: ITAT Clarifies 80IA Eligibility
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) rejected the claim for deduction…
Tax Efficiency Boost: IT Dept. Sets Deadlines
The Income Tax Department has set a deadline of April 30th for the approval of…
Tax Deadlines: Fair Consideration Over Strict Rules
The Bombay High Court, while interpreting the scope of authority under section 119(2)(b) of the…
Tax Law Simplified: Full Interest on All Refunds
In a judgment dated [date], the Bombay High Court delivered a significant ruling in the…
Taxpayers Win: Delayed Returns Okay Without Intent
The Rajasthan High Court recently ruled on a case involving delayed income tax returns, emphasizing…
Cash Book Cleared: ITAT Protects Taxpayer
The Delhi Bench of Income Tax Appellate Tribunal recently ruled on a case concerning the…
Tax Relief for Banks: ITAT Allows Bad Debt Deduction
The recent decision by the Income Tax Appellate Tribunal (ITAT) Delhi in the case of…
ITAT Ruling: Beyond Digital “Proof” in Tax Assessments
The case of ACIT Vs Shanker Nebhumal Uttamchandani, as decided by ITAT Surat, underscores the…
MSME Payment Rule: Tweak on the Horizon?
In the Income Tax Act, a recent amendment aimed at encouraging timely payments to small…