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Income Tax : Budget 2026 has extended the due dates for ITR-3, ITR-4, and revised returns, offering taxpayers greater flexibility. Understandin...
Income Tax : Relocating to Sikkim does not automatically exempt you from income tax. This article explains who qualifies under Section 10(26AAA...
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 : 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 Jodhpur ITAT held that deduction under Section 80GGC cannot be denied merely on allegations against a political party in the a...
Income Tax : Assessment orders passed pursuant to express liberty granted by the High Court during pendency of settlement-related litigation re...
Income Tax : The ruling emphasizes that undisclosed business receipts and stock arising from an existing business cannot automatically be chara...
Income Tax : The Tribunal held that when sales are accepted and books of account are not rejected, the entire amount of disputed purchases cann...
Income Tax : The ITAT Pune held that the CIT(A)/NFAC cannot dismiss an appeal merely for non-prosecution without adjudicating the issues on mer...
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...
ITAT Ahmedabad confirms CIT(A)’s decision to delete addition for bogus creditors and allow restricted depreciation on a CNC Lathe for AY 2017-18.
ITAT Delhi allows Gajender Kumar’s appeals for AYs 2012-13, 2013-14, quashing reassessments over invalid reasons based on unverified cash deposit info.
Delhi High Court sets aside tax reassessment for firm post-IBC resolution plan, citing ‘Clean Slate Theory’ and prior judgments on extinguished dues.
Delhi High Court sets aside Section 153C notice for AY 2015-16, ruling assessment time-barred based on date documents were handed over by the search AO.
ITAT Delhi sends back tax case on cash deposit addition to AO, citing need to verify if bank account belonged to dissolved firm or proprietor.
ITAT Lucknow dismisses appeal by Raghav Agarwal (HUF) challenging reassessment and additions following settlement under Vivad se Vishwas Scheme.
ITAT Chennai imposes ₹10,000 cost on taxpayer for non-appearance, remands appeal on gold sale and gift additions to CIT(A) for fresh hearing.
ITAT Ahmedabad allows appeal of Sorathiya Darji Kedvani Mandal, ruling surcharge not applicable on trust’s income below Rs. 50 lakhs, citing precedents.
Delhi High Court sets aside AO’s order that ignored CIT(A) ruling on PF/ESI deposit disallowance, citing lack of jurisdiction to review appellate order.
ITAT Bangalore restores Section 10AA tax deduction for EY unit, ruling original return and key form were filed within legal deadlines.
