CBDT relaxes quoting of PAN-Aadhaar No. in certain transactions
The cash withdrawal and deposit system was subjected to a change from May 26,2022. From said date the Centre had…
Category: Income Tax Articles
![ITAT quashes addition for unexplained cash deposit for small taxpayer under presumptive tax [Read Order]](https://www.taxwallah.com/wp-content/uploads/2021/09/income-tax-india.jpg)
ITAT quashes addition for unexplained cash deposit for small taxpayer under presumptive tax [Read Order]
In a significant ruling, the Rajkot bench of the Income Tax Appellate Tribunal (ITAT) in the recent ruling in the…
Income Tax penalty cannot be imposed for inadvertent and bonafide mistake: ITAT
The Pune Bench of the Income Tax Appellate Tribunal (ITAT), headed by R.S. Syal (Vice President) and Partha Sarathi Chaudhury…
ITAT condones Delay of 931 Days in filing Appeal as Tax Practitioners were Busy: [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench in its recent ruling in the case of Mr. Vasathan Mukundan (appellant…
Guidelines & FAQs on TDS on Virtual Digital Assets (VDA) issued
CBDT vide has vide Circular No. 13 of 2022 dated June 22, 2022 issued guidelines to remove difficulties w.r.t. Section 194S of…
If Depreciation exceeds business income same is to be c/f for set off in succeeding AYs: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) headed by G.S. Pannu (President) and C.N. Prasad (Judicial Member) has ruled that in…
Income Tax Breaking: CBDT issues instructions for issue of Section 148A notices
The CBDT has today vide Instruction No 01/2022 dated 11th May, 2022 issued instructions to the Assessing Officers for the…
Reopening of Assessment should be based on reasonable ground: Allahabad HC
The Allahabad High Court bench of Justice Surya Prakash Kesarwani and Justice Jayant Banerji has ruled that once the notice under Section 148 of the Income Tax…
Capital Gain Exemption Can’t Be Denied for mere presence of Spouse Name in Purchase Document: ITAT
The Banglore Bench of the Income Tax Appellate Tribunal (ITAT) headed by N.V. Vasudevan (Vice-President) and B.R. Baskaran (Accountant Member)…
CBDT Notifies Form ITR-U and Manner for filing Updated Return
The Finance Act, 2022 had introduced a new concept of updated return, wherein it allows upto 24 months to file…
Penalty u/s 271(1)(c) cannot be levied based on Estimated Addition: ITAT
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) in its recent ruling in the case of Sri Saibaba…
![Advance Tax default Interest u/s 234C on ‘Returned Income’: ITAT [Read Order]](https://www.taxwallah.com/wp-content/uploads/2022/04/advacne-tax.jpg)
Advance Tax default Interest u/s 234C on ‘Returned Income’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has in the case of M/s Strides Pharma Science Ltd has held…