A term insurance plan is one of the most essential financial tools that ensure financial security for your family in case of ...

ITAT Raipur held that due to non-response for assessee if addition of income is done as Form 26AS then obviously TDS credit ...

Both the appeals pertain to different assessees and arise against different orders of the Commissioner of Income Tax (Appeals ...

These large CA firms control a large network of chartered accountants worldwide using technology and artificial intelligence extensively. Today’s era is the era of artificial intelligence, which has ...

India has seen a significant number of insider trading cases, with a steady increase in their frequency. The Securities and Exchange Board of India (SEBI) has undertaken significant efforts in its ...

Surat considered whether a penalty under Section 272A(1)(d) of the Income Tax Act, 1961, could be levied for each instance of non-compliance with notices issued during assessment proceedings. The ...

Tax loss harvesting is a powerful tool to reduce your tax burden legally and smartly. With the correct understanding and timely execution, it can significantly enhance your post-tax returns. As we ...

ITAT Delhi held that addition merely on the basis of entries found in the seized diary without any corroborative evidence and without any independent enquiry by AO is not sustainable. Accordingly, ...

The ITAT also noted that since these deposits were not recorded in the regular books of accounts, the provisions of Section 68 of the Income-tax Act (relating to unexplained cash credits) could not be ...

Kolkata bench of the Income Tax Appellate Tribunal (ITAT) deleted a ₹1 crore penalty imposed under Section 271E on Sunil Kumar Kundu for alleged violation of Section 269T of the Income Tax Act. The ...

CESTAT Mumbai held that the amount of Social Welfare Surcharge (SWS) payable would be ‘Nil’ in case where Basic Customs Duty (BCD) is Nil. Accordingly, the appeal is allowed.

KOL/2024, pertaining to AY 2008-09 to 2013-14, the primary legal challenge raised by the assessee concerned the validity of the assessment framed following a revisionary order under Section 263. The ...