Income Tax

Blog, News, Income Tax

February 12, 2026

AO couldn’t reject books of account merely on the grounds of decline in gross profit over past year: ITAT

Case Details: Sanjay Agarwal v. … Continue reading “AO couldn’t reject books of account merely on the grounds of decline in gross profit over past year: ITAT”

Blog, News, Income Tax

November 9, 2021

Interest paid by Builder on failure to construct flat is compensatory in nature out of preview of sec. 194A: HC

Case Details: Sainath Rajkumar Sarode … Continue reading “Interest paid by Builder on failure to construct flat is compensatory in nature out of preview of sec. 194A: HC”

Blog, Income Tax

November 9, 2021

Form 26AS in a New Avatar | How to Access Annual Information Statement (AIS) Online?

Annual information statement is a … Continue reading “Form 26AS in a New Avatar | How to Access Annual Information Statement (AIS) Online?”

Blog, News, Income Tax

February 12, 2026

ITAT allowed sec. 54 relief to woman who purchased new house jointly in name of married daughter & son-in-law

Case Details: ITO v. Smt. … Continue reading “ITAT allowed sec. 54 relief to woman who purchased new house jointly in name of married daughter & son-in-law”

Blog, News, Income Tax

February 17, 2026

Sum received from husband with no intention to repay isn’t loan; no violation of Sec. 269SS: ITAT

Case Details: Smt. Meera Devi … Continue reading “Sum received from husband with no intention to repay isn’t loan; no violation of Sec. 269SS: ITAT”

Blog, News, Income Tax

February 12, 2026

CBDT rolls out Annual Information Statement (AIS) to provide details of taxpayer’s financial info.

Press release, dated 01-11-2021 The … Continue reading “CBDT rolls out Annual Information Statement (AIS) to provide details of taxpayer’s financial info.”

Blog, News, Income Tax

February 24, 2026

ESOP allowability and its impact on Corporate Inc.

Sanjiv Kumar Chaudhary – [2021] … Continue reading “ESOP allowability and its impact on Corporate Inc.”

Blog, News, Income Tax

February 12, 2026

Burden of proof on assessee to establish that non-filing of ITR was not willful; HC upholds prosecution

Case Details: Raman Krishna Kumar … Continue reading “Burden of proof on assessee to establish that non-filing of ITR was not willful; HC upholds prosecution”

News, Blog, Income Tax

February 23, 2026

No concealment penalty if an amount is excluded from head PGBP and taxed as unexplained income: ITAT

Case Details: Deepak Wadhwa v. … Continue reading “No concealment penalty if an amount is excluded from head PGBP and taxed as unexplained income: ITAT”

Blog, News, Income Tax

February 25, 2026

Legitimate Tax Planning Legal, Not Illegal?

Prabhakar K S – [2021] … Continue reading “Legitimate Tax Planning Legal, Not Illegal?”