ITAT Quashes Reassessment Initiated on Mere Suspicion of Money Laundering Without Concrete Evidence [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) quashed the reassessment proceedings initiated against the assessee, holding that they were based solely on suspicion of money laundering and lacked any concrete…

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GST Notices Must Be Effectively Served: Madras HC Says RPAD Required If No Response to Portal Upload [Read Order]

The Madras High Court ruled that GST ( Goods and Services Tax ) notices must be effectively served, and held that if there is no response to a notice uploaded…

Continue ReadingGST Notices Must Be Effectively Served: Madras HC Says RPAD Required If No Response to Portal Upload [Read Order]

Taxability of Lease Premiums and Rent Collected for State Government: ITAT Rules Funds Not Taxable [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal(ITAT) ruled that the funds received from lease premiums and rent collected on behalf of the Government of Maharashtra are not taxable in…

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