ITAT Delhi Provides Full Relief in Demonization-Era Cash Deposit Case

21 Apr, 2025

ITAT Delhi Provides Full Relief in Demoniz...

In a significant judgment offering relief to a taxpayer, the Delhi Bench "SMC" of the Income Tax Appellate Tribunal (IT...

Partial Relief to Agriculturist in Cash Deposit Case: ITAT Delhi Decision Explained

21 Apr, 2025

Partial Relief to Agriculturist in Cash De...

In a recent judgment that could set an interesting tone for similar cases, the Income Tax Appellate Tribunal (ITAT), De...

ITAT in Favor of Assessee in Delayed CIT Appeal Case: Gives Assessee a Second Chance

21 Apr, 2025

ITAT in Favor of Assessee in Delayed CIT A...

In a significant development from the Income Tax Appellate Tribunal (ITAT), Delhi Bench, a set of three appeals filed b...

Reassessment Under Section 147 Invalid Without Sharing Approval U/s 151 Along WithTheReasons to Believe, Rules Delhi ITAT

21 Apr, 2025

Reassessment Under Section 147 Invalid Wit...

Introduction The Income Tax Appellate Tribunal (ITAT) Delhi Bench delivered a landmark ruling in Sunil Kumar Jain vs...

Differences Between an LLP and a Normal Partnership Firm

9 Apr, 2025

Differences Between an LLP and a Normal Pa...

When starting a business with multiple individuals, choosing the right business structure is a critical decision. Two c...

GST on Housing Societies

9 Apr, 2025

GST on Housing Societies

The Goods and Services Tax (GST), introduced in India as a unified tax regime, has significant implications for various...

ITAT Delhi’s Ruling on NRI Cash Deposits: What Counts as Exempt Gifts under Section 56(2)(vii)

9 Apr, 2025

ITAT Delhi’s Ruling on NRI Cash Deposits: ...

Background of the Case Smt. Yamini Kapoor, a Non-Resident Indian (NRI) residing at C-4, 6 Aurangzeb Road, Central De...

ITAT Orders De Novo Reassessment in NRI Income Case: Unexplained Income in NRE Account

9 Apr, 2025

ITAT Orders De Novo Reassessment in NRI In...

Background of the Case Sanjeeta Chatterjee, a Non-Resident Indian (NRI) residing in Dubai since December 1997, chall...

8 Apr, 2025

A Detailed Guide to LLP Registration Onlin...

Starting a business in India has become increasingly streamlined, thanks to digital advancements. Among the various bus...

Understanding LLP Annual Compliance in India: A Comprehensive Guide

8 Apr, 2025

Understanding LLP Annual Compliance in Ind...

Limited Liability Partnerships (LLPs) have become a popular business structure in India due to their flexibility and li...

Understanding Annual Compliance for Private Limited Companies in India

8 Apr, 2025

Understanding Annual Compliance for Privat...

Running a private limited company in India is a rewarding venture, but it comes with certain legal responsibilities. On...

Understanding HRA: Exemptions, Challenges, Tax Notices, and Essential Tips for Compliance

8 Apr, 2025

Understanding HRA: Exemptions, Challenges,...

House Rent Allowance (HRA) is a vital component of salary packages for many employees in India, designed to help cover ...

Remittance of Funds by NRIs from Fixed Deposit Maturity: Understand Forms 15CA and 15CB, Challenges, and Income Tax Implications

4 Apr, 2025

Remittance of Funds by NRIs from Fixed Dep...

For Non-Resident Indians (NRIs), managing financial assets in India is a balancing act that often involves leveraging f...

The Inoperative PAN Crisis for NRIs: Challenges, Exemptions, and Unresolved Issues

4 Apr, 2025

The Inoperative PAN Crisis for NRIs: Chall...

The Permanent Account Number (PAN) is a critical financial identifier for individuals and entities in India, facilitati...

ITAT Ahmedabad Rules that Severance Compensation on Loss of Employment is Capital Receipt, Not Profits in lieu of Salary

27 Feb, 2025

ITAT Ahmedabad Rules that Severance Compen...

Introduction In a crucial judgment, the Income Tax Appellate Tribunal (ITAT) Ahmedabad has ruled in favor of the ass...

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