No recovery of outstanding GST ( Goods and Services Tax ) demand could be made once a taxpayer deposited the statutory ...

ITAT Chennai strikes down a penalty under Section 271D, ruling that a fabricated, unregistered sale agreement and the lack of proof of cash receipt failed to substantiate the tax department's ...

The ITAT Delhi has remanded a case on long-term capital gains, ruling that an Assessing Officer cannot unilaterally reject a registered valuer's report without a mandatory reference to the ...

ITAT Delhi deletes an unexplained investment addition, ruling that the assessee provided sufficient documentary evidence to prove the source of funds for a property ...

ITAT Delhi deleted a Rs. 1.40 crore capital gains tax on a property transfer between spouses, ruling that no consideration was ...

ITAT Delhi upholds CIT(A) order, ruling reassessment invalid for want of sanction from proper authority and being time-barred under Rajiv Bansal SC ...

ITR-7 for AY 2025-26 has significant changes. Learn about the new reporting rules for trusts and non-profits, including donor disclosures and capital ...

Tribunal rules reassessment notice by Jurisdictional AO after 29.03.2022 invalid under Faceless Scheme; all proceedings ...

In a significant ruling, Delhi ITAT has remanded back the case of holding that CIT (A) had failed to pass a reasoned & speaking order while confirming massive additions running into more than Rs 82 ...

The Delhi ITAT has ruled that a penalty cannot be imposed when income is based on estimation. It deleted penalties on a taxpayer where cash deposits were assessed as estimated business profits, not ...

ITAT Delhi deletes disallowance of ₹23.71 lakh, ruling that foreign exchange loss on business advances is an allowable business expenditure for Sitac Re Pvt.

SEBI advises Indian investors against fraudulent schemes on social media and apps that claim to offer stock market access through Foreign Portfolio Investors ...