Tag: ITAT
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ITAT Imposes Cost Of Rs. 500 On Assessee Citing Unexplained Delay In Filing Income Tax Appeal
The Banglore Bench of Income Tax Appellate Tribunal (ITAT) has imposed the cost of Rs. 500 on assessee citing unexplained delay in filing income...
Barcode-Backed Tax Invoice Wrongly Dubbed Bogus By AO: ITAT
The Bangalore bench of Income Tax Appellate Tribunal (ITAT) has held that the Assessing Officer (AO) unjustifiably treated sales as bogus and sham transactions...
CBDT Issues Fresh Guidelines On Risk Management Strategy Implementation
In a significant update, the Central Board of Direct Taxes (CBDT) has released a new Office Memorandum clarifying the procedure for handling tax-related information...
Direct Tax Weekly Flashback: 09 To 15 February 2025
Direct Tax Weekly Flashback for the period 9 to 15 February 2025.
Supreme CourtSection 271AAA Relief: No 10% Penalty If Undisclosed Income Is Admitted, Substantiated,...
Offer To Pay Tax On Additional Amount To Avoid Litigation Not Proof Of Undisclosed Income For Penalty: ITAT
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that voluntary tax disclosure to avoid litigation is not proof of undisclosed income...