High Court Upholds Addition Where Assessee Fails to Prove Creditworthiness and Genuineness of Loan
High Court Upholds Addition Where Assessee Fails to Prove Creditworthiness and Genuineness of Loan
Background of the Case
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Reassessment Invalid Without Fresh Material: High Court Restricts Arbitrary Reopening by Tax Department
Reassessment Invalid Without Fresh Material: High Court Restricts Arbitrary Reopening by Tax Department
Background of the Ca...
Supreme Court of India ka Decision on SFT & Undisclosed Income Cases – Detailed Explanation
Supreme Court of India ka Decision on SFT & Undisclosed Income Cases – Detailed Explanation
Background: SFT Kya Hai?
Statement of...
AO Cannot Step into the Shoes of a Businessman to Question Commercial Decisions: ITAT
AO Cannot Step into the Shoes of a Businessman to Question Commercial Decisions: ITAT
1. Background of the Case
The assessee was enga...
HC Grants Relief to Foreign Airline, Quashes 0.1% TDS; Orders Nil Withholding Certificate
HC Grants Relief to Foreign Airline, Quashes 0.1% TDS; Orders Nil Withholding Certificate
In a significant ruling, the High Court has ...
New Income Tax Act 2025: HRA on Rent Paid to Relatives – What Salaried Taxpayers Must Now Disclose
New Income Tax Act 2025: HRA on Rent Paid to Relatives – What Salaried Taxpayers Must Now Disclose
From April 2026, claiming House Ren...
Tax Year vs Assessment Year under Income-tax Act, 2025 Explained
Introduction
One of the most practical and taxpayer-friendly changes introduced by the Income-tax Act, 2025 is the replacement of th...
Key Definitions under Income-tax Act, 2025 Explained
Introduction
One of the most important but often overlooked changes in the Income-tax Act, 2025 is the restructuring and clarificati...
Impact of Income-tax Act, 2025 on Taxpayers and Businesses
The Income-tax Act, 2025 marks a structural reform in India’s direct tax law. While the tax rates and core principles largely remain un...
How Professionals Should Use Section-wise Mapping under Income-tax Act, 2025
The Income-tax Act, 2025 introduces a major structural overhaul by reorganising and renumbering sections of the Income-tax Act, 1961. W...
Transitional Issues: Income-tax Act 1961 to 2025
Introduction
With the introduction of the Income-tax Act, 2025, India has moved towards a simplified and reorganised direct tax fram...
Appeal Provisions under Income-tax Act, 2025
The Income-tax Act, 2025 introduces a restructured and more streamlined framework for filing appeals. While the substantive right to ap...