A growing firm of Chartered Accountants combining the reach, depth and expertise of a large practice with the personal attention and relationship-driven approach of a boutique advisor — business advisors of choice to small & medium enterprises and their owners.
Auto-refreshed from multiple trusted tax sources — news, notifications & circulars.
HC upheld tax, modified equal addition and sustained Section 12(3)(b) penalty, holding a revised return after Income Tax inspection did not negate suppression. The post Post-Inspection Revised Return Cannot Shield Dealer from Sales Tax Penalty: Madras HC appeared first on TaxGuru
Finance Minister Nirmala Sitharaman called for firm actions against tax evaders while prioritising convenience of honest taxpayers. Details here.
Outlines a comprehensive framework featuring five priorities, three pillars and seven core principles.
The Income Tax Department has issued notices to at least a dozen multinational companies (MNCs) operating in India, demanding additional […]
Supreme Court dismissed Revenues appeal, holding that books cannot be rejected under Section 145 merely due to fall in profit or absence of stock without proper examination. The post Books Can’t Be Rejected Merely for Profit Decline or No Stock: SC appeared first on TaxGuru
The government penalised the MSP of the income tax e-filing portal for an extension of the ITR filing deadline caused by technical issues in FY 2025-26. Here's why an extension this year is unlikely.
Ram temple trust, which was established on Feb 5, 2020, has paid over Rs 396 crore to various govt agencies […]
ITAT upheld denial of Section 10(38) exemption and Section 68 addition on alleged sham share transactions while remanding computation-related issues to the Assessing Officer. The post ITAT Upholds Denial of Section 10(38) Exemption on SRK Industries Shares appeared first on TaxGu
Gifts received during the financial year may be taxable and need to be reported in the income tax return. Taxpayers should be aware of exemptions and the new reporting field for non-taxable gifts to maintain compliance. 
The International Monetary Fund (IMF) on Thursday called for deeper structural reforms, emphasising fiscal consolidation, labour market improvements and trade […]
ITAT upheld deletion of a Section 68 addition on demonetisation cash deposits after finding the deposits were supported by audited books, stock records and recorded sales. The post ITAT Deletes Section 68 Addition on Recorded Cash Sales During Demonetisation appeared first on Tax
The interest earned from National Savings Certificate (NSC) and Kisan Vikas Patra (KVP) is taxable, but only NSC offers a Section 80C benefit under the old tax regime. Here is how to report income correctly in your ITR before the 31 July deadline. 
The Supreme Court on Friday stayed the proceedings on show cause notices issued by the Directorate General of GST Intelligence […]
ITAT deleted the Section 69A addition on demonetisation cash deposits after finding the recorded cash sales, stock records and VAT documents remained undisputed. The post ITAT Deletes Section 69A Addition on Demonetisation Cash Deposits From Recorded Jewellery Sales appeared firs
The Allahabad High Court has ruled that an income tax notice issued after a taxpayer's death is legally invalid. Here's what the judgment means for legal heirs and when the Income Tax Department can still recover dues.
ITAT deleted the Section 68 addition on ₹2.74 crore cash deposits, holding that recorded sales, audited books, VAT records and stock details explained the deposits. The post ITAT Quashes ₹2.74 Crore Section 68 Addition on Cash Deposits Supported by Books appeared first on TaxGuru
Filing your Income Tax Return is only half the job. Taxpayers must e-verify their ITR within the prescribed deadline, or the return may be treated as invalid.
ITAT deleted the Section 68 addition on ₹80 lakh cash deposits, holding that audited cash sales recorded in books could not be taxed again as unexplained cash credits. The post ITAT Deletes Section 68 Addition on Recorded Jewellery Cash Sales appeared first on TaxGuru.
A Section 143(1) tax demand does not always mean your ITR is wrong. Here's why taxpayers receive this notice, how to verify mismatches, respond correctly through the Income Tax e-filing portal and avoid penalties.
ITAT upheld deletion of a Section 68 addition on ₹98 lakh cash seized during demonetisation, holding that accepted sales recorded in books could not be taxed again. The post ITAT Upholds Deletion of Section 68 Addition on Demonetisation Jewellery Sales appeared first on TaxGuru.
Five income tax penalties applicable for AY 2026-27 include late Income Tax Return filing fees, revised return charges and misreporting penalties. Here's why filing your ITR before 31 helps avoid fines, delays and tax notices.
ITAT Chennai held that trade advances subsequently converted into recorded sales cannot be treated as unexplained cash credits under Section 68. It upheld deletion of the demonetisation cash deposit addition as the books of account and stock records contained no defects. The post
The ITAT Ahmedabad has ruled that foreign salary earned outside India does not become taxable merely because it is credited to an NRE account or because TDS is deducted using an Indian TAN. 
ITAT deleted the addition on demonetisation cash deposits, holding that rejection of books and estimation of 25% profit lacked supporting material. The post ITAT Deletes Demonetisation Addition Based on Mere Suspicion & Presumptions appeared first on TaxGuru.
ITAT deleted the cash deposit addition after finding that the CIT(A) sustained it on an ad hoc basis without passing a speaking order. The post Ad Hoc Addition Without Speaking Order Cannot Be Sustained: ITAT Lucknow appeared first on TaxGuru.
ITAT remanded the Section 12AB registration application, holding that registration could not be denied solely by invoking Section 13(1)(b). The post Trust Registration Cannot Be Denied Solely on One Restrictive Object: ITAT Surat appeared first on TaxGuru.
ITAT remanded the Section 12AB registration application, holding that Section 13(1)(b) cannot be invoked to deny registration at the registration stage. The post Religious-Cum-Charitable Trust Cannot Be Denied Section 12AB Registration: ITAT Ahmedabad appeared first on TaxGuru.
HC upheld the ITAT order directing grant of Section 12A registration, holding that Section 13(1)(b) applies while granting exemption and not registration. The post Section 13(1)(b) Cannot Bar Section 12AB Registration: Gujarat HC appeared first on TaxGuru.
ITAT remanded the Section 12AB registration application after holding that Section 13 issues are to be examined during assessment, not at registration. The post Section 13 Cannot Be Invoked to Deny Section 12AB Registration: ITAT Ahmedabad appeared first on TaxGuru.
ITAT upheld rejection of Section 12AA registration after finding the trust failed to establish genuine charitable activities consistent with its stated objects. The post ITAT Upholds Rejection of Section 12AA Registration for Failure to Prove Charitable Activities appeared first
ITAT remanded the Section 12AB registration and Section 80G approval applications to the CIT(E) for fresh adjudication after giving the trust an opportunity. The post Temple Open to All Cannot Be Denied Section 12AB Registration: ITAT Rajkot appeared first on TaxGuru.
HC set aside the ITAT order and held that activities leading to survey and search could be examined while deciding registration under Section 12AA. The post Orissa HC Allows Revenue Appeal on Section 12AA Registration for Charitable Trust appeared first on TaxGuru.
Marwar GSTAT Bar Association sought clarification on appeal filing, scrutiny, registration, replies, cross-objections and procedural compliance before GSTAT Jodhpur. The post Marwar Association Seeks Procedural Clarifications on GSTAT Appeal Process appeared first on TaxGuru.
Article explains ITC eligibility under Sections 16, 38 and 41 of the CGST Act and discusses supplier GST cancellation, compliance and judicial observations. The post Supplier GST Cancellation Alone Does Not Automatically Require ITC Reversal appeared first on TaxGuru.
Article outlines 11 practical tips for GSTAT appeal filing, common portal issues, document preparation, and mistakes that can delay submissions. The post 11 Practical Tips for Filing GSTAT Appeals & Avoiding Common Portal Errors appeared first on TaxGuru.
Income Tax emails direct taxpayers to the AIS Foreign Assets Information report showing AEOI data and enabling verification and feedback for AY 2026-27. The post Received a Foreign Assets Email for AY 2026-27? Here’s What It Means appeared first on TaxGuru.
Rule 46(8) requires daily backups of electronic books on India-based servers, continuous accessibility, and compliance measures from 1 April 2026. The post Rule 46(8) Mandates Daily India-Based Backup of Electronic Books from 1 April 2026 appeared first on TaxGuru.
CBDT Notification No. 96/2026 notifies specified income of Kerala Headload Workers Welfare Board under Section 11 for tax years 2026-27 to 2028-29. The post CBDT Notifies Tax Section 11 Exemption for Kerala Headload Workers Welfare Board appeared first on TaxGuru.
CBDT Notification No. 95/2026 grants Section 10(46) exemption to Kerala Headload Workers Welfare Board, subject to specified conditions and compliance. The post CBDT Notifies Kerala Headload Workers Welfare Board for Section 10(46) Exemption appeared first on TaxGuru.
Delhi HC set aside the NFAC appellate order for not providing the requested virtual hearing under Section 250 and restored the appeal for fresh hearing. The post NFAC Order Set Aside for Denial of Requested Virtual Hearing: Delhi HC appeared first on TaxGuru.
Allahabad HC quashed unreasoned stay rejection orders and remanded the matter for fresh decision by a reasoned and speaking order. The post Income Tax Stay Rejection Order Without Reasons Quashed: Allahabad HC appeared first on TaxGuru.
SC declined to interfere with the High Court ruling treating TUFS, Focus Market Scheme and Electricity Duty subsidies as capital receipts. The post SC Declined Interference on Capital Subsidy Taxability appeared first on TaxGuru.
Rajasthan HC condoned delay in filing a GST appeal under Section 107 and directed the Appellate Authority to hear the appeal on merits within specified timelines. The post HC Condones Delay & Directs GST Appeal on Merits Under Section 107 appeared first on TaxGuru.
Delhi GST GRC discussed refunds, registration, ITC, audits and GSTN issues, with field-level directions and policy matters referred to GSTN and CBIC. The post Delhi GST GRC Reviews Refunds, Registration, ITC & GSTN Issues appeared first on TaxGuru.
GSTAT Jaipur Bench will commence hybrid hearings from 27 July 2026. Daily cause lists will be available on the GSTAT e-filing portal. The post GSTAT Jaipur Bench to Begin Hybrid Hearings from 27 July 2026 appeared first on TaxGuru.
SC dismissed Revenue’s SLP against the Gujarat HC ruling that assignment of GIDC leasehold rights with buildings is not liable to GST and kept the larger issue open. The post SC Dismissed Revenue SLP on GST Levy for GIDC Leasehold Rights Transfer appeared first on TaxGuru.
Bangalore ITAT restored Section 80P issues for fresh examination and deleted certain disallowances after finding inadequate reasoning by the authorities. The post ITAT Restores Section 80P Deduction Claim of Agricultural Credit Co-op Society appeared first on TaxGuru.
Karnataka High Court permitted a taxpayer to file a delayed appeal against GST registration cancellation, directing the Appellate Authority to decide it on merits without rejecting it as time-barred. The post Karnataka HC Permits Delayed Appeal Against GST Registration Cancellati
Karnataka HC upheld dismissal of the writ petition but permitted filing of Section 107 appeals within four weeks without objection on limitation. The post Karnataka HC Allows Delayed GST Appeal Under Section 107 Without Limitation Objection appeared first on TaxGuru.
ITAT Delhi upheld deletion of PF/ESI disallowance, holding the issue was debatable when the Section 143(1) intimation was issued. The post ITAT Delhi Deletes Section 143(1) PF/ESI Disallowance, Holds Checkmate Ruling Cannot Validate Debatable Adjustment appeared first on TaxGuru.
Gauhati HC restored a writ challenging Sections 148A and 148 notices after the Supreme Court set aside its earlier order and remitted the matter. The post Gauhati HC Restores Reassessment Writ After SC Remand on JAO Jurisdiction Issue appeared first on TaxGuru.
P&H HC quashed a GST demand order after holding that fixing a personal hearing before the reply deadline violated natural justice. The post P&H HC Quashes GST Order as Hearing Was Fixed Before Reply Deadline appeared first on TaxGuru.
ITAT Ahmedabad allowed Section 87A rebate on tax under Section 112 for AY 2024-25 where total income was below ₹7 lakh and directed recomputation. The post ITAT Ahmedabad Allows Section 87A Rebate on Section 112 LTCG for AY 2024-25 appeared first on TaxGuru.
ITAT remanded taxation of software and SaaS receipts as FTS for fresh examination and directed 10% DTAA rate if receipts are ultimately held taxable. The post ITAT Delhi Remands FTS Taxability of Software & SaaS Receipts for Fresh Examination appeared first on TaxGuru.
ITAT remanded assessment of alleged penny stock capital gains for fresh verification of share purchase dates and tax treatment after rehearing the appeal. The post ITAT Remands Shalimar Agro & G-Tech Share LTCG Dispute for Fresh Verification appeared first on TaxGuru.
HP High Court directed the petitioner to reply to the GST SCN and ordered other authorities to follow Supreme Court guidelines on parallel proceedings. The post Himachal Pradesh HC Bars Parallel GST Proceedings on Same Subject Matter appeared first on TaxGuru.
Delhi HC directed an expedited decision on continuation of GST registration suspension after a fresh cancellation notice was issued. The post Delhi HC Directs Competent Authority to Decide GST Suspension Expeditiously appeared first on TaxGuru.
Gujarat HC granted regular bail in an alleged Rs.63.21 crore fake GST ITC case, noting investigation was complete, complaint filed, and further custody unnecessary. The post Gujarat HC Grants Bail in ₹63 Crore Fake GST ITC Case After Investigation Completed appeared first on TaxG
No spam — just the changes that matter for your business.
Our focus is to provide high quality of services to our clients and to uphold the highest standards of honesty and integrity in everything we do.
Over 16 years across real-estate accounting, assurance and business-risk management. Leads clients setting up operations in India end-to-end — registrations, accounting, tax and compliance — with strong expertise in Internal Financial Controls.
14 years of post-qualification experience leading the firm's GST practice and advising on tax & regulatory matters. Certified in Forensic Accounting & Fraud Detection with significant experience in statutory audit of banks.
15 years of professional experience advising businesses on audit, taxation and regulatory compliance. Combines hands-on assurance expertise with a practical, client-first approach to help enterprises stay compliant and grow with confidence.
9, Crooked Lane, 3rd Floor, Room No. 20, Esplanade, Kolkata – 700069
Whether it's an audit, a GST notice, or long-term tax strategy — share a few details and a partner will get back to you.