Corporate Avengers

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A ₹7.75 crore tax addition—wiped out by one well-timed affidavit. This case is a masterclass in how facts and timing can shift the outcome in tax litigation.

The Case: Majestic Properties Pvt. Ltd. vs. DCIT, Central Circle-2, New Delhi

GST on Sale of Used Cars — 2024-25 Update at a Glance

Whether you're a dealer, a business, or just selling your personal ride — here's how GST applies under the latest norms:

GST on Electricity in Commercial Property: Hidden Tax Trap You May Miss!

“Electricity is tax-free, right?” Not if you’re renting out commercial space and charging separately for it!

Common ITR Filing Mistake Alert

Just because TDS is deducted under Section 194J, many mistakenly choose Section 44ADA, assuming it applies to all professional income.

ITAT Lucknow affirms deletion of ₹2.98 crore addition under Section 68 — spike in cash sales during demonetization held justified

Case: ACIT vs. Harshit Garg (ITA No. 451/LKW/2024) | Order Date: 04.07.2025 | Assessee: Proprietor of M/s Bachhe Lala Jewellers | AY: 2017–18

Bad Bookkeeping Doesn’t Scream. It Whispers—Until It Breaks Your Business.

As founders, we chase growth, marketing, hiring... and leave “the books” for later. But........

TDS on Property Transactions – A Quick Compliance Snapshot

Buying property worth ₹50 lakhs or more? You're under the lens of Section 194IA of the Income Tax Act, 1961.

Tax Planning Just Got Smarter: Here’s What You Should Know

With evolving rules and smarter compliance systems, staying ahead in tax planning isn't optional

ITAT Ahmedabad Reaffirms Real Income Doctrine in Robin R. Goenka Case

In a key ruling, the Income Tax Appellate Tribunal (Ahmedabad Bench) has reaffirmed a foundational tax principle:

Can a husband and wife form a partnership firm?

A client recently asked us this — and our initial reaction was cautious. But he came prepared.

Black Money & Section 56(2)(x)

Section 56(2)(x)

MINOR PAN CARD APPLICATION SIMPLIFIED

HERE IS ALL YOU NEED TO KNOW 2025

Unexplained Investment in a property transaction which was not reflected in the books of accounts

Unexplained Investment

LTCG - denial of benefit of deduction u/s 54F

Long Term Capital Gain

Deduction under Sec 54 Allowed Even if Property Purchased in Spouse’s Name

Deduction under Sec 54

SECTION 50C ADDITION W/O DVO REFERENCE POSSIBLE..?

Whether an addition under Section 50C(1) can be made as an adjustment under Section 143(1)(a)(ii), during the summary processing of returns?

Old Regime Vs New Regime

Tax savings 2025-26: As the new financial year (FY 2025-26) approaches, taxpayers are faced with the decision of choosing between the Old and New Tax Regimes.

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