The Tribunal ruled that the Assessing Officer wrongly invoked Section 154 to withdraw deduction on interest income from co-operative banks. Since the issue is subject to differing judicial interpretations, it falls outside the scope of rectification.
The Tribunal ruled that booking a residential flat and making substantial payments toward its acquisition can amount to a purchase for Section 54F purposes. Registration at a later date does not automatically defeat the exemption claim.
The Supreme Court stayed an Allahabad High Court judgment that held mere uploading of GST orders on the portal does not automatically start limitation for appeals. The dispute concerns the meaning of “communication” under Section 107 of the GST law.
The taxability of forest auctioned trees depends on whether they are intended to be cut and removed. Courts and authorities have consistently held that mandatory severance converts standing trees into taxable goods.
ITAT ruled that employees opting for the BSNL VRS Scheme, 2019 are entitled to full exemption under Section 10(10B) on retrenchment compensation. The decision rejects the view that exemption should be capped at ₹5 lakh under Section 10(10C).
The Tribunal observed that the trust had eventually filed Form 10 and sought condonation of delay. Since the issue was pending before the competent authority, the exemption dispute was restored for reconsideration.
ITR-1 has evolved from a self-declaration return to a data-reconciliation exercise backed by AIS, TIS, and Form 26AS. Salaried taxpayers must now focus on matching departmental records before filing.
ITAT held that registration under Section 12AB cannot be rejected merely because the Assessing Officer or Range Head did not recommend approval. The CIT(E) must independently examine the trust’s objects, activities, and legal compliance before arriving at a decision.
लेख इस मुद्दे का विश्लेषण करता है कि सरकारी विभागों को विलंब माफी में राहत मिलने के बावजूद करदाताओं की अपीलें limitation पर क्यों खारिज हो जाती हैं। यह अनुच्छेद 14 के तहत समानता के सिद्धांत की पड़ताल करता है।
CBIC has updated tariff values for edible oils and brass scrap under Section 14 of the Customs Act. The notification revises benchmark customs values effective from 30 May 2026 while retaining existing values for gold and areca nuts.
