The Tribunal confirmed the addition of ₹19.27 lakh under Section 69A after finding that the assessee failed to produce ...

Explains how the new Act replaces the 1961 law, simplifies drafting, introduces the “Tax Year” concept, and aims to reduce litigation and compliance ...

One of the most significant changes is in Tax Audit reporting, where the earlier Forms 3CA and 3CB have now been replaced by Form 26. The new form reportedly contains 55 segment-wise clauses, ...

Pointing out that judicial review was available over reasons for search, the Court refused to accept that the provision was unconstitutional.