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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 Cochin remands Joy Thomas’s tax case back to AO, citing failure to consider cash withdrawals, Rule 6DD exceptions, & agricultural income claim in faceless assessment.
Delhi High Court held that reassessment order passed under section 148A(d) of the Income Tax Act beyond the scope of notice issued under section 148A(b) of the Income Tax Act is not sustainable and liable to be set aside.
ITAT Cochin deletes penalty under Section 271B for delayed tax audit, citing the demise of the managing partner as a reasonable cause and following Kerala HC precedent.
ITAT Delhi permits the recall of its ex-parte order against Medsave Health Insurance TPA, citing sufficient cause for non-appearance due to director’s absence.
Kerala HC directs Income Tax Commissioner to decide Unitac Energy’s Section 154 rectification petition within three months.
ITAT Delhi allows Flair Exports’ NSEL scam loss as business loss, finding claim not premature/speculative. Sets aside disallowance, citing precedents on write-offs.
ITAT Surat admits new evidence in Takhatsinh F. Dodia’s case, remanding a Rs. 17 lakh unsecured loan issue to the Assessing Officer for reassessment.
ITAT Pune allows Sai Sanskar Trust’s appeal against CIT(E) rejection of 12AA registration due to incorrect form section, granting opportunity for rectification.
Madras High Court rules that a taxpayer with a writ petition pending on disputed interest is eligible for the Vivad Se Vishwas scheme, quashing rejection & directing processing.
ITAT Cochin dismisses Federal Bank’s appeal as High Court order nullifies original assessment, rendering PCIT revision invalid.
