In a significant ruling, the ITAT Mumbai in the case of Amit Pahuja v. DCIT (ITA No. 868/Mum/2026, AY 2019-20) quashed the reassessment proceedings initiated under Sections 148A...
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Tax Audit is one of the most significant compliance requirements under the Income-tax Act, 1961. However, a common misconception among taxpayers is that every business or profes...
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Don't Wait Until the Last Date—Plan Your Income Tax Return Filing TodayEvery financial year, one of the most important compliance responsibilities for taxpayers is filing their ...
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Over the last few days, it appears that the Income Tax Department has issued a significant number of scrutiny notices under Section 143(2) of the Income-tax Act. Many taxpayers ...
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Property Buyers Beware: ITAT Ruling Highlights Critical TDS Compliance RisksThe Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently delivered an important ruling t...
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GSTN has introduced major enhancements in the E-Way Bill system effective soon.- “Ship To GSTIN” is now mandatory in Bill-To/Ship-To transactions.- New E-Way Bill Closure Facili...
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GST Intelligence is Now Powered by FASTag AnalyticsMany businesses still assume that generating an E-Way Bill later for “documentation completion” is merely a procedural lapse.H...
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Most taxpayers believe one thing:“Return file ho gaya… now I am safe.”As a Chartered Accountant, let me say this clearly:"Filing your Income Tax Return is not the end of your re...
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Most professionals focus only on earning income.Very few focus on understanding how the Income Tax Act actually defines a “Professional.”Under Section 2(36) of the Income-tax Ac...
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₹2 CRORE GST NOTICE.Not fraud. Not tax evasion.Just poor compliance discipline.At 3:10 PM, a received a call:“Sir, we received a GST notice… mismatch in ITC vs GSTR-2B… amount i...
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*ITAT Kolkata — Key Ruling**ITA No. 2810/KOL/2025 | A.Y. 2020-21 | Pronounced: 15.04.2026**Penalty u/s 270A deleted — Estate of deceased cannot be penalised for non-filing when ...
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