No addition u/s. 68 of the Income Tax Act, 1961, merely for trading in penny stock, when the assessee submits necessary details and the AO fails to bring anything contrary on record.

Renting of Commercial Property – Taxable as it was not covered under exemption list. Renting of Residential property – ...

The Petitioner after passing of the Impugned Order, attempted filing of the appeal but it was claimed that as there was no ...

GST revenue for November 2024 showcased a growth trend, with gross collections rising by 8.5% year-on-year to ₹1,82,269 crore ...

Madras Cricket Club, the Income Tax Appellate Tribunal (ITAT) in Chennai dismissed the Revenue’s appeal regarding the addition of Rs. 1.91 crore as entrance fees in the club’s income for the ...

It is definitely most significant to note that in a major step that pertains directly to the Indian Army, the Karnataka High Court at Bengaluru in a most learned, laudable, landmark, logical and ...

Kerala High Court held that the limitation period for re-opening assessment under Section 25 (1) of the KVAT Act was six years. Notice issued on 12.02.2020 is well within the limitation period. Thus, ...

4. In the present case the assessee got provisional approval under Section 80G (5) (iii) of the Act and was required to file application in Form No.10AB. The due date for filing of Form No. 10AB was ...

Bossh Technology India Limited, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Ahmedabad reviewed whether ...

The case of the assessee is that, he had submitted a reply to the notices issued and he produced an explanation and several documents to prove the identity and creditworthiness of the persons from ...

The assessee’s counsel argued that the additional evidence filed was crucial for resolving the matter and should be considered for a fair adjudication. The Income Tax Appellate Tribunal (ITAT), after ...

The court acknowledged the petitioner’s claims, particularly her contention that no formal inquiry or notice had been issued to her regarding the property dispute before a recent endorsement. The ...