Introduction: Income tax planning is an essential component of financial health, and using legitimate techniques to minimize...
Income Tax
CBDT has identified search, survey, and reassessment cases for compulsory scrutiny in FY 2026-27. The guidelines highlight...
ITAT Delhi quashed a ₹65 lakh penalty under Section 271D after finding that no assessment was made...
The Tribunal examined whether reassessment proceedings could be initiated after the NCLT declared a moratorium under the...
The Tribunal examined whether unsecured loans could be accepted solely on the basis of loan confirmations. It...
The Tribunal examined whether donations made as part of CSR obligations could qualify for deduction under Section...
ITAT Hyderabad held that an addition based solely on discrepancies in unaudited Tally-generated statements was unsustainable. The...
The Court emphasized that procedural defaults should not override substantive tax benefits where genuine hardship exists. It...
The Tribunal accepted that part of the cash found with the assessee represented accumulated family savings intended...
The ITAT held that a common approval granted mechanically for multiple assessees did not constitute a valid...