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Income Tax : The article explains how accurate Form 10BD reporting protects donor deduction claims, prevents penalties, and ensures consistency...
Income Tax : The article explains what remains unchanged under the new tax law while highlighting critical compliance checks taxpayers should u...
Income Tax : AO rejects books of accounts and applies flat net profit rate. Can taxpayer claim depreciation separately or is it embedded in tha...
Income Tax : The article highlights common return filing errors, including wrong ITR forms and income mismatches, that can result in defective ...
Income Tax : The ITAT Bangalore held that no disallowance under section 14A read with Rule 8D can be made where the assessee did not earn exemp...
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 Court held that transferring assessment proceedings under Section 127 was justified to facilitate coordinated investigation in...
Income Tax : The Court held that transfer of assessment proceedings to Delhi was justified where connected cases had already been centralized f...
Income Tax : The Hyderabad Bench emphasized that penalty under Section 271(1)(c) cannot be imposed solely because an addition survives appellat...
Income Tax : The Hyderabad ITAT observed that if a property is treated as stock-in-trade, the applicability of Section 43CA cannot be ignored. ...
Income Tax : The Tribunal quashed the reassessment after finding that the Assessing Officer failed to issue notice under Section 143(2). The de...
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...
Income-Tax (No. 2) Bill, 2025, proposes to amend and consolidate income tax law, covering a range of topics from basic definitions to complex tax avoidance rules.
The ITAT Delhi has quashed a reassessment order against Sumit Suneja, finding that the AO quoted a repealed section of law and received a mechanical, undated approval.
ITAT Kolkata nullified a reassessment order, ruling that ITO lacked pecuniary jurisdiction to issue a Section 148 notice for a non-corporate assessee with an income over specified limit.
The Central Board of Direct Taxes has granted income tax exemption to the Parambikulam Tiger Conservation Foundation on specific income types for multiple assessment years.
The ITAT Cochin confirmed penalties against a primary agricultural credit society for violating Sections 269SS and 269ST, ruling that a lack of an RBI license prevents it from being classified as a co-operative bank.
The ITAT Cochin confirmed income additions against K.K. Radhakrishnan, rejecting arguments of mechanical approval and lack of incriminating material found during a search.
ITAT Jaipur deletes an income addition based on a Form 26AS mismatch, ruling that entries from a wrong PAN were rectified and that form is not irrefutable proof of income.
ITAT Cochin dismissed a taxpayer’s appeal against an addition for unexplained house construction costs, stating DVO’s valuation must be challenged separately.
The ITAT Cochin has ruled that cash payments to the Kerala Electricity Board are not subject to disallowance under Section 40A(3), as the board is considered a government entity.
ITAT Cochin has sent a Rs. 5.56 crore demonetization cash deposit case back to the CIT(A) for re-adjudication, citing a lack of verification on sales and stock.
