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Income Tax : The article outlines practical methods through which business owners and professionals can legally minimise their tax burden. It h...
Income Tax : Section 54 grants exemption on long-term capital gains from the sale of a residential house because the proceeds are reinvested in...
Income Tax : The Income-tax Act mandates e-payment of direct taxes for companies and taxpayers covered under Section 44AB, while others may opt...
Income Tax : Form 16 and Form 16A serve distinct purposes under the TDS framework, with Form 16 relating to salary income and Form 16A covering...
Income Tax : Permanent Account Number (PAN) serves as a unique identifier enabling the Income-tax Department to track tax payments, returns, TD...
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...
Understand Section 206C: Amendment in Interest rate for late payment of TCS. Learn the new 1.5% rate effective April 2025.
A summary of Taxation Laws (Amendment) Bill, 2025, which introduces new tax exemptions for pension schemes and updates rules for international funds.
The Bombay High Court set aside an ITAT order for not addressing the absence of a Document Identification Number (DIN) on an assessment notice, directing a fresh hearing.
Bombay High Court sets aside PCIT order condoning a developer 45-day delay in filing tax returns. Cites genuine hardship and a prior ruling.
ITAT Mumbai rules on disallowances, unexplained cash, reassessment validity in J. Kumar Infraprojects tax case, partly upholding CIT(A)’s relief.
ITAT Ahmedabad remands a case to the CIT(A) for a third time, citing a failure to follow binding directions in a dispute over a bogus purchase.
The Ahmedabad ITAT has quashed a revision order, ruling that no revision is possible when the underlying reassessment order was invalid due to improper sanction.
The Ahmedabad ITAT has deleted additions for unexplained investments and partners’ capital, ruling that the firm had provided sufficient proof of the partners’ creditworthiness.
ITAT Mumbai has set aside a CIT(A) order for deciding an unrelated issue, and has restored the appeal for a fresh adjudication based on the original grounds.
The Mumbai ITAT has remanded a tax case, ruling that the AO was duty-bound to refer a valuation dispute to a DVO under Section 50C(2).
