ITAT Rejects ₹55L LTCG Exemption on Penny Stock Gains
The misuse of penny stock transactions to claim tax-free gains [...]
Defective Income Tax Notice Renders Penalty Invalid: ITAT Deletes ₹13.44 Lakh Penalty under Section 271(1)(c)
In a significant and much-needed relief to taxpayers, the Pune [...]
GST Payment Made ‘Under Protest’ is Not Admission of Liability: Himachal Pradesh High Court Clarifies
In a significant ruling, the Himachal Pradesh High Court has [...]
Jharkhand High Court: GST Notices Based on Price Comparison Are Beyond Jurisdiction
In a significant ruling that reinforces the limits of tax [...]
Kerala HC Quashes Conflicting KGST Orders: A Legal Breakdown
In a landmark judgment that reaffirms procedural discipline under GST [...]
Delhi HC: File One Appeal for Common GST SCN Covering Multiple Years
In a key decision, the Delhi High Court has clarified [...]
Gujarat High Court Upholds Acquittal in Cheque Bounce Case Due to Lack of Financial Proof
In a significant ruling that reinforces the evidentiary standards required [...]
ITAT Applies 10% Tolerance u/s 56(2)(x) Retrospectively to Property
In a recent and impactful decision, the Mumbai Bench of [...]
Section 194DA TDS & ITR-2 Filing Guide for FY 2024-25
When it comes to life insurance policy proceeds, not all [...]
Smart Tax Savings 2025: 80C to 80U Deductions Explained
Paying high taxes? You can legally reduce your tax bill by claiming [...]