Clipped from: https://www.taxscan.in/top-stories/time-limits-for-income-tax-action-what-taxpayers-must-know-1431351 The Income Tax Department cannot keep past returns open for scrutiny indefinitely. The law prescribes strict timelines within which tax officers can initiate
Day: August 29, 2025
*****Addition of Rs. 6.75 Lakh Gifts from Sister and Father-in-Law by AO: ITAT Deletes Addition, Accepts Proof of Receipt [Read Order]
Clipped from: https://www.taxscan.in/top-stories/addition-of-lakh-gifts-from-sister-and-father-in-law-by-ao-itat-deletes-addition-accepts-proof-of-receipt-1431323 The assessee had received Rs. 3.75 lakh from his sister from the sale of agricultural land, collected as her power of attorney, and
