ITAT remands Case to CIT(E) for Re-examination due to Insufficient Hearing Notice [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case to the Commissioner of Income Tax (Exemptions) [CIT(E)] for re-examination, citing an insufficient hearing notice period.…

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ITAT Restores Matter to AO for Fresh Assessment, allowing Assessee to Submit Additional Evidence [Read Order]

Top Stories ITAT Restores Matter to AO for Fresh Assessment, allowing Assessee to Submit Additional Evidence [Read Order] The ITAT found that the CIT(A) had wrongly dismissed the additional documents…

Continue ReadingITAT Restores Matter to AO for Fresh Assessment, allowing Assessee to Submit Additional Evidence [Read Order]

Income Tax Dept. Fails to Grant Full TDS Credit: Madras HC directs Refund of Differential TDS Amount Within 2 Months [Read Order]

In a recent ruling, the Madras High Court directed the Income Tax Department to refund the differential amount within two months in a dispute where the department had failed to…

Continue ReadingIncome Tax Dept. Fails to Grant Full TDS Credit: Madras HC directs Refund of Differential TDS Amount Within 2 Months [Read Order]

ITAT upholds AO’s Addition of Rs. 9.65 Lakh u/s 56(2)(x) as Gift not Qualifying from a Relative [Read Order]

Top Stories ITAT upholds AO’s Addition of Rs. 9.65 Lakh u/s 56(2)(x) as Gift not Qualifying from a Relative [Read Order] The Tribunal concluded that the AO correctly assessed the…

Continue ReadingITAT upholds AO’s Addition of Rs. 9.65 Lakh u/s 56(2)(x) as Gift not Qualifying from a Relative [Read Order]

New RCM Time of Supply Rules Effective from November 1, 2024: Know About Changes and Compliance Requirements

Top Stories New RCM Time of Supply Rules Effective from November 1, 2024: Know About Changes and Compliance Requirements New GST updates on RCM and time of supply rules are…

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Negative Liability Statement for Regular Taxpayers: Here’s What GSTR-3B Filers Need to Know

Top Stories Negative Liability Statement for Regular Taxpayers: Here’s What GSTR-3B Filers Need to Know GSTR-3B filers should stay informed about these updates and be prepared to leverage the new…

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Patna HC allows 10% Reduced Pre-Deposit to Stay Recovery due to Delay in Constituting the GST Tribunal [Read Order]

In a recent ruling, the Patna High Court allowed a 10% reduced pre-deposit to stay in recovery due to a delay in constituting the Goods and Services Tax Appellate Tribunal…

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