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Income Tax : Most income tax notices involve minor mismatches or routine verification and can be resolved by submitting clarifications or docum...
Income Tax : Explains how gratuity exemptions differ for government, private, and Gratuity Act–covered employees. Key takeaway: exemption is ...
Income Tax : Explains how Section 87A rebate applies only below fixed income limits, while the standard deduction continues to reduce taxable s...
Income Tax : Discover how identifying errors in Assessing Officer jurisdiction, notice issuance, and approval under Sections 148/148A can secur...
Income Tax : Explains the tax treatment and mandatory ITR disclosures for foreign ESOPs, highlighting the need to report shares annually and av...
Income Tax : West Bengal’s ITR filings rose to 52.99 lakh in AY 2024-25, with significant increases in middle- and higher-income brackets. Th...
Income Tax : The CBDT has initiated its second NUDGE campaign, sending reminders to taxpayers with undisclosed foreign assets to ensure accurat...
Income Tax : The C&AG’s audits ensure proper assessment, collection, and allocation of direct taxes, identifying evasion risks and improving ...
Income Tax : The CBI arrests ITAT officials and an advocate in Jaipur for bribery, seizing over Rs. 1 crore and exposing an organized network s...
Income Tax : Delhi ITAT cancels ₹22 crore tax addition based solely on WhatsApp chats from another phone, reaffirming privacy protections and...
Income Tax : The Tribunal held that the assessee proved substantial upgrades to a semi-constructed house using bills and contractor records. It...
Income Tax : The Tribunal held that the assessment was void because jurisdiction shifted between officers without a mandatory transfer order. I...
Income Tax : The Tribunal held that the AO cannot expand a limited scrutiny into full scrutiny without written approval from the Principal CIT....
Income Tax : The Tribunal held that freight amounts collected and passed on to airlines are mere reimbursements, not income. Only the assesseeâ...
Income Tax : Madras High Court held that payment made for International Private Leased Circuits [IPLC] doesn’t constitute royalty within the ...
Income Tax : Government initiatives under PMLA and Black Money Act target undisclosed crypto income, enhancing monitoring, enforcement, and com...
Income Tax : CBDT notifies a State Pollution Control Board as exempt under Section 10(46A), effective AY 2024-25. The decision confirms tax-fre...
Income Tax : A statutory authority has been formally notified for exemption under Section 10(46A) with effect from AY 2024-25. The approval is ...
Income Tax : CBDT notifies tax exemption for a development authority under Section 10(46A), effective from AY 2024-25. The ruling confirms retr...
Income Tax : The government notified a historic temple as eligible under Section 80G due to its cultural significance. Deductions apply only fo...
The Tribunal set aside the PCIT’s revision of a scrutiny assessment, ruling the action invalid because the Assessing Officer’s view on critical items like creditors and PF/ESI payments was already plausible and reasoned. Introducing new issues not covered in the show-cause notice constituted an exercise of jurisdiction beyond the permissible scope of Section 263.
This case clarifies that eligibility for the Section 80-IA deduction must be verified project-by-project, irrespective of a taxpayer’s status in a previous year. The Tribunal held that only projects previously approved by the Settlement Commission are eligible, requiring fresh scrutiny for all new or unverified contracts.
The ITAT allowed the appeal of a senior NRI, condoning the 1695-day delay because the assessment order was served on a corporate email that became inactive after his contract ended. The case was remanded to the AO for fresh assessment after issuing notice to the taxpayer’s correct personal email, highlighting the priority of natural justice over strict delay excuses.
This ruling clarifies that cash deposits during the demonetization period cannot be taxed as unexplained money under Section 68 when they are fully reflected in the business’s accepted books and sales. The ITAT emphasized that the AO failed to reject the books of account under Section 145(3) before making the addition, thereby deleting the entire demand.
This case addresses the disallowance of employees’ PF and ESI contributions deposited after the due dates specified in the respective Acts, following the Supreme Court’s Checkmate Services decision. The ITAT required a fresh verification to allow the deduction if the payments were made within 15 days of the actual salary disbursement.
The ITAT Kolkata set aside the CIT(A)’s order concerning a large disallowance under Section 40(a)(ia) for non-deduction of TDS on advertising payments. The Tribunal remanded the matter, granting the agency a fresh opportunity to rely on CBDT Circulars that clarify the TDS obligations of intermediaries paying media houses.
The ITAT Rajkot significantly reduced an income tax addition made under Section 69A based on seized on-money documents lacking direct evidence. The Tribunal ruled that the entire cash component couldn’t be treated as undisclosed income, instead taxing only 8% of the disputed amount as a profit element at normal rates.
Karnataka High Court set aside the PCIT s rejection order, ruling that the delay in filing the ITR for AY 2022-23 was due to the genuine hardship caused by the taxpayers sons death. The key takeaway is that Section 119(2)(b) must be applied compassionately, and the CPC is now directed to process the belated return.
Karnataka High Court dismissed Revenues petition, holding that a subsequent change in law (like Checkmate Services SC verdict) cannot be a ground for rectifying a concluded ITAT order under Section 254(2).
The ITAT Mumbai annulled a Section 148 reassessment notice for AY 2018-19, finding the sanction invalid because it was approved by the PCIT instead of the statutorily mandated PCCIT. The ruling strictly applies the Vodafone Idea doctrine, confirming that a jurisdictional defect in the sanctioning authority after three years is fatal to the entire proceeding.
