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Income Tax : This analysis explains how Parliament designed Sections 11 to 13 to ensure that tax-free income is ultimately used for charitable ...
Income Tax : The Annual Information Statement (AIS) under Section 285BB consolidates a taxpayer's financial and tax-related information, includ...
Income Tax : The revised CBDT guidelines effective from 17 October 2024 streamline the compounding process under the Income-tax Act by prescrib...
Income Tax : Section 40A of the Income-tax Act restricts the deduction of specified business expenses where statutory conditions are not fulfil...
Income Tax : Taxpayers can apply for a nil or lower TDS certificate in Form 13 when their estimated tax liability supports deduction at a reduc...
Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...
Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...
Income Tax : A representation has urged CBDT to merge TDS return codes 1023 and 1024, arguing that both apply to the same contract payments wit...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...
Income Tax : The Mumbai ITAT held that an addition under section 69 cannot survive when the Revenue fails to establish that the alleged investm...
Income Tax : ITAT Lucknow held that disallowance of interest expenses cannot be sustained without evidence showing that interest-bearing funds ...
Income Tax : SC dismissed Revenue’s plea after Gujarat HC held that even proposed additions would not alter MAT liability, defeating escapeme...
Income Tax : The Tribunal held that the assessee was entitled to additional interest under Section 244A(1A) because the Assessing Officer faile...
Income Tax : The Tribunal held that once Second Line Support services were examined and covered under an Advance Pricing Agreement, disallowanc...
Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...
Income Tax : The Ordinance exempts interest income and capital gains arising from Government securities for Foreign Institutional Investors and...
Income Tax : The Central Government has specified infrastructure sub-sectors from the Updated Harmonised Master List as eligible businesses und...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, enabling eligible donations to qualify for tax benef...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, allowing eligible donations to qualify for tax benef...
Calcutta High Court dismisses PCIT appeal, ruling penalty notice under Income Tax Act invalid due to failure to specify contravention, citing judicial precedents.
ITAT Ahmedabad held that income from the sale of Renewable Energy Certificates (RECs) by Mayur Dyechem Intermediates LLP for AY 2017-18 is a capital receipt and not taxable. Tribunal partly allowed the appeal and restored depreciation claims for CIT(A) adjudication.
ITAT Mumbai voids assessment against Candor Renewable Energy, ruling notices to non-existent amalgamated company invalid despite merger.
Madras High Court sets aside reassessment notice against Unitech Exhibition Pvt. Ltd., ruling it was based on change of opinion and issued beyond the four-year limit without new tangible material.
Introduction When I wrote an article on this topic last year, for the very first time, I stated that rebate was not being allowed from 5th June 2024. After that, I received many mails and comments asking what happened to the writs or appeals on it. Later, we taxpayers won that appeal in the High […]
Jayshreeben Jayantibhai Palsana Vs ITO (ITAT Ahmedabad) The case of Jayshreeben Jayantibhai Palsana vs ITO before the Income Tax Appellate Tribunal (ITAT), Ahmedabad, arose from an appeal against the order of the Commissioner of Income Tax (Appeals)-2, Delhi [CIT(A)], dated 15.04.2025. The appeal concerned the assessee’s eligibility to claim rebate under Section 87A of the […]
Explore rules of agricultural income taxation in India. This guide clarifies how agricultural income is defined, what qualifies as tax-exempt, and how it impacts your tax liability.
This article provides a comprehensive guide on how to recognize house property received from a JDA and its treatment under Income Tax and accounting standards.
The government provides data on nationwide Income Tax Department operations, including searches, surveys, and prosecution cases for unaccounted income.
The Ministry of Finance details how AI tools are enhancing tax compliance. The use of AI for e-verification and targeted campaigns has resulted in a significant increase in tax revenue.
