The Tribunal noted that statements relied upon were later retracted and lacked corroboration. It held that such statements cannot form sole basis of addition. The ruling emphasizes need for supporting ...
Whether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be ...
ITAT allowed additional evidence filed by the legal heir and remanded the matter to the AO for verification. The key takeaway is that justice requires giving opportunity where evidence was earlier ...
Navigating income tax deadlines for FY 2025-26 (AY 2026-27) is crucial to avoid penalties. The Income Tax Department has set ...
Recent income tax rule changes have tightened the requirements for non-residents and foreign entities to obtain a PAN in ...
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