Reassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT
Reassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT The Hon’ble Rajasthan High Court (Jodhpur Bench), in Darshan Dhankani vs. Principal Commissioner of Income Tax (Central), Jaipur & Ors. [Order dated 06.11.2025], has once again reaffirmed the judicial stand that reassessment notices issued by Jurisdictional Assessing Officers… […]
Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out portions.
Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out portions. An interesting issue of treatment of Annual lettable Value of the properly arose before ITAT in the case of Asha Burman vs. ACIT, Circle 46(1), New Delhi-ITAT Delhi, ITA Nos. 539 to 544/Del/2024,… […]
When Data Speaks Louder Than Returns: Your Next Steps as a Taxpayer (Part 2)
When Data Speaks Louder Than Returns: Your Next Steps as a Taxpayer (Part 2) If you read last Monday’s column, you already know how Nagpur’s data-driven drive unfolded – missing land-record entries, invisible cooperative-bank deposits, benami properties owned by people who didn’t even own proper footwear, and refund claims that deserved a bravery award. The idea… […]
TDS on GST: Whether Tax Should Be Deducted on Gross Amount or GST-Exclusive Amount? A Complete Analysis under Sections 194C and 194J of the Income Tax Act, 1961
TDS on GST: Whether Tax Should Be Deducted on Gross Amount or GST-Exclusive Amount? A Complete Analysis under Sections 194C and 194J of the Income Tax Act, 1961 The question “Should TDS be deducted on the amount including GST or excluding GST?” continues to confuse businesses, accountants and even tax officers. Though CBDT has… […]
Allahabad High Court rules that Speed Post is not equivalent to Registered Post for Section 148 notice service
Allahabad High Court rules that Speed Post is not equivalent to Registered Post for Section 148 notice service Allahabad High Court has recently held that Speed Post is not equivalent to Registered Post for Section 148 notice service. Let us have a Short Overview of the Case: – Case Overview Court: Allahabad High Court… […]
Here is another judgement on S.87A rebate on special income under new tax regime.
Here is another judgement on S.87A rebate on special income under new tax regime. The judgements on S.87A rebate is of help for all those assesses who were left at the discretion of revenue authorities by the High Court. These judgements will be helpful to those small taxpayers who were left with no option… […]
AO neither rejected the books nor conducted verification under Section 133(6): ITAT deleted addition under Section 68
AO neither rejected the books nor conducted verification under Section 133(6): ITAT deleted addition under Section 68 Demonetisation Cash Deposits Fully Explained – ITAT Hyderabad Deletes ₹96.26 Lakh Addition Under Section 68, Accepts Books & Debtor Confirmations as Genuine The ITAT Hyderabad deleted an addition of ₹96.26 lakh made under Section 68 for cash deposits during… […]
Intimation under Section 143(1) cannot be issued after 9 months from the end of the FY in which the return is filed: ITAT
Intimation under Section 143(1) cannot be issued after 9 months from the end of the FY in which the return is filed: ITAT A recent ITAT Delhi decision clarifies that intimation under Section 143(1) must be sent within the limitation period prescribed by law. In ITA No. 4780/Del/2024 (BPTP Limited v. DCIT, AY 2021-22),… […]
Section 115BAA overrides all rate provisions, potentially disregarding special tax treatments under sections like 111A, 112, and 115BB: Delhi ITAT
Section 115BAA overrides all rate provisions, potentially disregarding special tax treatments under sections like 111A, 112, and 115BB: Delhi ITAT Now, recent Delhi ITAT decision on section 115BAA and 22% Tax on Capital Gains prompts discussion. The Delhi ITAT’s decision in Maharishi Education Corporation P. Ltd. v. ITO [2025] 179 taxmann.com 698 (Del.) has sparked discussion… […]
ITAT deleted addition due to invalidity of proceedings under Sections 147/148 and improper transfer under Section 127
ITAT deleted addition due to invalidity of proceedings under Sections 147/148 and improper transfer under Section 127 Hon’ble ITAT, Indore in the case of M/s. Shakshi Township Pvt. Ltd. (AY 2011-12) has quashed the reassessment order solely on jurisdictional grounds, highlighting the invalidity of proceedings under Sections 147/148 and improper transfer under Section 127…. […]
