Mumbai ITAT partly allows a CA's appeal, disallowing 50% of his gold coin gift expenses, stating that lack of business nexus and recipient details is a valid ...

ITAT Delhi deletes credit card addition and remands the mutual fund investment issue for fresh verification in the case of Promilla Mathur vs.

ITAT Mumbai rules that a lack of response to notices cannot justify a disallowance under Section 40A(2)(b). The AO must prove payments are ...

ITAT Ahmedabad dismisses Revenue appeals in ACIT vs Ashokbhai Kheni, ruling that jurisdiction lies with ITAT Surat as per the Supreme Court's ...

ITAT Mumbai rules that demonetization cash deposits should be treated as business turnover and not as unexplained income, deleting a separate ...

ITAT Bangalore rules that CIT(A) cannot dismiss an appeal for non-prosecution, setting aside an order in the case of Yasmeen Shaikh vs. ITO and remanding the matter for fresh ...

Mumbai ITAT rules that payments for foreign commission, inspection fees, and software subscriptions are not taxable in India, exempting merchants from TDS ...

Jaipur ITAT rules that a clerical error in a tax return cannot be grounds for collecting tax on non-existent income, directing the department to rectify the ...

A simple guide to understanding Profits and Gains of Business or Profession (PGBP) under Indian tax law. Learn who is covered and which expenses are ...

Delhi ITAT dismisses a revenue appeal, confirming that ad-hoc disallowances of business expenses are unsustainable without rejecting the books of ...

An overview of how AI is being used to address challenges in corporate compliance in India. Learn how technology is improving risk management and financial ...

An overview of tax developments, including the conditional tax exemption for NOIDA, the use of AI in detecting tax fraud, and how the Cost Inflation Index (CII) is ...