Notices issued under section 148 by JAO post April 1, 2022, valid & legal; Faceless scheme does not mandate faceless issuanceWhile adjudicating the validity of notice issued by Jurisdictional Assessing Officer (JAO) instead of ...
Estimation theory inapplicable where entire purchases are non-genuine; Restores addition Mumbai ITAT allows Revenue’s appeal and reverses CIT(A) order and restores addition on account of purchases being entirely bogus a...
Event Date Act Applicable Form Obligation 07/12/2025 Income Tax Challan No. I...
Taxation of Private Trusts in India: Conceptual Framework, Classification and Emerging IssuesThe taxation of private trusts in India is governed primarily by sections 160 to 167 of the Income-tax Act, 1961. These provisions operat...
TAX-RATE DETERMINATION FOR CHARITABLE TRUSTS NOT CLAIMING SECTION 11 BENEFIT Whether Normal Slab Rates Apply or Maximum Marginal Rate (MMR) as AOP/BOICase: Vindhya Trust v. DCIT, ITAT Delhi (...