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Income Tax : Overview of Income Tax Returns (ITR) in India, detailing different forms (ITR-1 to ITR-7) based on taxpayer categories and income ...
Income Tax : Understand how Section 50AA impacts capital gains on debentures. Explore judicial rulings and the new Income Tax Bill 2025's poten...
Income Tax : Understanding nuances of ITR-1 to ITR-6 is crucial for accurate tax filing. This guide provides a concise overview of which form t...
Income Tax : Compare tax benefits for manufacturing businesses: proprietorship vs. company structures for Tax Year 2025-26. Analyze scenarios b...
Income Tax : Understand India's SPAC taxation complexities, from capital gains and PE issues to tax arbitrage. Explore tax-efficient alternativ...
Income Tax : Received an unknown PAN alert? Learn how to protect yourself! This article covers a taxpayer's recent dilemma with unauthorized PA...
Income Tax : India's income tax filing season for Assessment Year (AY) 2025-26 (Financial Year 2024-25) is off to a rocky start, marked by sign...
Income Tax : CBDT’s 2024 circular allows delayed ITR filing under Section 119(2)(b). Learn step-by-step filing process, eligibility, and offl...
Income Tax : CBI attaches over Rs. 7 crore in assets in a disproportionate assets case and arrests senior IRS officer in bribery investigation....
Income Tax : DPIIT approves 187 startups for income tax exemption under Section 80-IAC. Eligibility extended for startups incorporated till Apr...
Income Tax : The ITAT Delhi has overturned the disallowance of club subscription fees for Punjab National Bank, citing a Supreme Court preceden...
Income Tax : Cochin ITAT rules builder eligible for 80IB(10) deduction, clarifying 'developer' vs 'works contractor' and rejecting reliance on ...
Income Tax : Ahmedabad ITAT rules Section 80JJAA deduction cannot be rejected solely for late filing of Form 10DA, if filed with the return, ci...
Income Tax : Calcutta High Court affirms ITAT's deletion of unexplained cash deposit addition during demonetization, citing AO's failure to sub...
Income Tax : Patna ITAT remands case for fresh CIT(A) hearing, finding assessee was denied proper opportunity to present case and CIT(A) failed...
Income Tax : Notification grants income tax exemption to the Karnataka Electricity Regulatory Commission (KERC) from assessment year 2025-26 un...
Income Tax : Learn about the Himachal Pradesh Board of School Education's income tax exemption on specific receipts, effective retrospectively ...
Income Tax : Income tax exemption granted to 'Treasurer Charitable Endowments, Haryana' for specific income from 2014-15, with conditions....
Income Tax : CBDT notifies tax exemption for HRERA Gurugram on grants, fees, and interest income for FY 2018–19 to 2022–23, subject to spec...
Income Tax : CBDT outlines parameters for compulsory income tax scrutiny for FY 2025-26, including survey, search & seizure cases, registration...
DPIIT approves 187 startups for income tax exemption under Section 80-IAC. Eligibility extended for startups incorporated till April 2030.
ITAT Mumbai sets aside PCIT’s order under Section 263, finding the assessment view was plausible and PCIT invoked power without quantifying revenue loss.
Debunking the NRI tax myth from April 2025. Learn the real India filing requirements for NRIs & the key benefits: refund claims, avoiding notices, helping with tax filing overseas.
ITAT Kolkata held that the transaction cannot be treated as unexplained cash credit under section 68 of the Income Tax Act since the transaction of the shares were shown as stock in trade in assets side of the balance sheet and sale as revenue in profit & loss account.
Calcutta High Court held that addition u/s. 68 of the Income Tax Act towards bogus share capital and share premium duly deleted by CIT(A) since identity and creditworthiness of the share subscribers alongwith genuineness of transactions duly proved.
Delhi ITAT dismisses Revenue’s appeal as tax effect is below Rs 60 lakh monetary limit per CBDT circulars. Assessee’s cross objections withdrawn.
ITAT Ahmedabad remands Mitalben Rahulkumar Shah’s tax case for fresh assessment despite non-compliance, citing interest of justice with condition.
ITAT Kolkata deletes income addition for Bagla Agro Limited, finding interest on loan accepted in prior years and no search evidence.
Kolkata ITAT rules tax assessments cannot be reopened beyond four years if assessee disclosed facts during original scrutiny, citing Supreme Court precedent.
ITAT remands key tax issues including deemed dividend, interest, and Section 14A disallowances for Hemkunt Steel & Wires to CIT(A) for fresh review.
