Taxpayer Rights
Latest news, explainers and analysis on Taxpayer Rights. Tracking 4 stories on Arth Vani.
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Latest on Taxpayer Rights
Bombay HC Revives GST Appeal Dismissed for Pre-Deposit Shortfall, Citing Excess Payment
The Bombay High Court has reinstated a Goods and Services Tax (GST) appeal that was previously dismissed due to an alleged shortfall in the mandatory pre-deposit. The court noted that the appellant had, in fact, paid an amount exceeding the required pre-deposit, highlighting a procedural error in the initial dismissal.
ITAT Deletes ₹30 Lakh Tax Addition Based Solely on Survey Statement
The Income Tax Appellate Tribunal (ITAT) has deleted a ₹30 lakh tax addition previously made by the tax department, ruling that an assessee's statement during a tax survey cannot be the sole basis for such an addition without corroborating evidence. This decision provides significant relief and clarity for taxpayers facing similar situations where additions are proposed based on statements alone.
Delhi ITAT Rules Rs 1.13 Cr Gold Jewellery Belongs to Married Daughters
The Delhi Income Tax Appellate Tribunal (ITAT) has overturned tax additions worth ₹1.13 crore, ruling that gold jewellery found in a parent's home belonged to their married daughters. The tribunal emphasized that gold jewellery gifted to daughters, even if kept at their parental home, remains their property.
Indian Taxpayers Question: Where Does Your Contribution Go?
News9live recently highlighted a crucial question for Indian taxpayers: 'You pay the government, but do you know where your money goes?' This query underscores the persistent need for transparency and accountability in public expenditure, prompting citizens to seek clearer insights into the utilisation of their hard-earned contributions.
Tax figures shown are indicative estimates for education only and depend on your specific situation. Consult a qualified tax professional or the Income-Tax Department before acting.