February 7, 2025
Income Tax Audit in India under Section 44AB
📌 Introduction to Income Tax Audit Section 44AB of the Income Tax Act mandates an audit of accounts for certain individuals and businesses, ensuring financial transparency and compliance with tax laws. This article provides a detailed and structured overview of the applicability, exemptions, and audit requirements under this section. ✅ Applicability of Section 44AB The
ITAT Jaipur Condones 724-Day Delay in Filing Appeal, Remands Case for Fresh Consideration
Jaipur, February 4, 2025 – The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has condoned a delay of 724 days in filing an appeal by the assessee, citing “sufficient cause” and a “humanitarian approach” towards the circumstances leading to the delay. The case, concerning M/s. Choudhary Construction, was remanded back to the Commissioner