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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 Pune directs CIT(Exemption) to reconsider Shaan Education Society’s tax exemption denial, citing a lack of proper hearing.
ITAT Hyderabad sets aside CIT(A) order, granting Aryavysya Seva Sangham another opportunity to present evidence on unexplained cash deposits.
ITAT Ahmedabad sets aside CIT(A) order, emphasizing that genuine explanations for delays in filing appeals for high-value tax disputes must be considered.
Delhi High Court grants relief to MakeMyTrip, quashing a reassessment notice for AY 2015-16 as time-barred. TOLA held inapplicable.
Kerala High Court directs the income tax appellate authority to dispose of an appeal filed by Kalika Parameswari in 2016, challenging a 2013-14 assessment.
Kerala High Court condones 25-day audit report delay by St. Joseph Trust citing Covid-19 impact. Income Tax order rejecting condonation set aside.
Orissa High Court directs PCIT to re-evaluate Joharimal High School’s delayed Form-10B filing, citing sufficient cause for the delay.
ITAT Surat cancels penalty on Sahajanand Medical for a depreciation claim error, stating Section 271(1)(c) doesn’t apply to honest mistakes with full disclosure.
ITAT Mumbai remands appeal in Falguni Panchmatia case, condoning delay and directing fresh hearing due to lack of opportunity and procedural fairness.
ITAT Pune restored a case where Rs. 30 crore was added as unexplained investment, granting the assessee a final chance to present evidence, with a penalty.
