#tax-demand
Wrong ITR form led to ₹26.69 lakh tax demand: How ITAT Chandigarh saved a small trader
An ITAT Chandigarh ruling cancelled a ₹26.69 lakh tax demand after a small trader’s commission income was counted twice. The case highlights why taxpayers must choose the correct ITR form and reconcile Form 26AS with declared business income.
SC verdict on GST leaves real-money gaming firms staring at a Rs 92,000-crore question
Wednesday’s ruling, backing tax demands on past transactions, could have major financial implications for the sector. A lawyer representing one of the large gaming companies involved in the dispute said platforms will now have an opportunity to individually r…