The Revenue challenged allowance of bad debts due to lack of NCLT evidence. The Tribunal held that post-amendment law ...

Why DRC-03 Payment Is Not Automatically Considered and How DRC-03A Regularises It. 1. Introduction. The GSTN advisory dated 14.03.2 ...

ITAT upheld addition under Section 68 as the assessee failed to prove identity, creditworthiness, and genuineness of ...

The guide explains how property taxes, rental income, and capital gains apply at different stages of ownership. It highlights key deductions and planning strategies to reduce tax ...

The classification depends on whether there is actual crypto transfer. Cash-settled trades are generally treated as speculative business, not VDA ...

The Tribunal held that delay in filing Form 67 is a procedural lapse. It restored the matter to the AO to verify and allow Foreign Tax Credit if ...

The Tribunal ruled that incorrect invocation of Section 69A does not invalidate the addition. Since the loan was found to be an accommodation entry, it was sustained under Section 68. The decision ...

ITAT remanded the matter where the assessee claimed PAN misuse leading to additions under Sections 68 and 69. It directed AO to verify the police report, holding that relief must be granted if misuse ...

The Court halted GST proceedings questioning mandatory 1/3rd land deduction. It held that jurisdiction is doubtful as the underlying notification has been challenged as ultra ...

ITAT held that the assessee discharged the burden of proving identity, creditworthiness, and genuineness. Addition was deleted as AO relied only on suspicion without ...

Companies cannot give loans or guarantees to directors or related parties. Exceptions apply only with strict conditions and ...

The Tribunal held that additions cannot be sustained merely on third-party Excel sheets and statements. It ruled that absence of independent evidence and denial of cross-examination renders such ...