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Income Tax : The issue is whether high-income earners can reduce tax liability under the old regime. The analysis shows that structured allowan...
Income Tax : The ruling clarifies that unverified excel sheets seized from third parties cannot justify additions without corroborative evidenc...
Income Tax : The new law replaces the 1961 Act with a simplified, structured tax system. It reduces compliance burden through streamlined forms...
Income Tax : The article explains how IRS audits are initiated and conducted to verify tax return accuracy. It highlights taxpayer duties, righ...
Income Tax : Transporters can avoid TDS deduction by submitting a declaration confirming ownership of not more than ten goods vehicles. The key...
Income Tax : The tax department clarified that no search or restriction was carried out against the individual. It termed the allegations basel...
Income Tax : The issue concerns massive backlog in ITAT caused by unfilled positions and delayed appointments. The intervention highlights that...
Income Tax : The audit found widespread incorrect claims of deductions for bad debts and reserves. It highlights the need for stricter verifica...
Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...
Income Tax : A representation seeks doubling the SMC threshold due to inflation and higher dispute values. The key takeaway is that increasing ...
Income Tax : ITAT held that absence of an irrevocability clause cannot justify rejection of 80G approval. The case was remanded to CIT(E) to re...
Income Tax : The Tribunal held that total investment in the new property must be considered for exemption, not just payments within one year. I...
Income Tax : ITAT allowed additional evidence filed by the legal heir and remanded the matter to the AO for verification. The key takeaway is t...
Income Tax : The Tribunal noted that the assessee provided affidavits, bank statements, and financials of contributors. The addition was delete...
Income Tax : The tribunal ruled that failure to strike off irrelevant portions in penalty notice makes it legally defective. Such ambiguity inv...
Income Tax : A corrigendum fixes multiple drafting and referencing mistakes in income tax rules. The update ensures clarity without altering su...
Income Tax : The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption compliance...
Income Tax : CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and ...
Income Tax : The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoo...
Income Tax : CBDT corrected multiple clerical and structural errors across income tax return schedules. The changes ensure accurate reporting a...
In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Indian Standards Institution for the purpose of the said section for the assessment years 1972-73 to 1980-81.
In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Public Enterprises Centre for Continuing Education, New Delhi, for the purpose of the said section for the assessment years 1978-79, 1979-80 and 1980-81.
In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Andhra Pradesh Lalit Kala Akademi for the purpose of the said section for the assessment years 1975-76 to 1980-81.
In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Institute of Public Assistance for the purpose of the said section for the assessment years 1963-64 to 1980-81.
In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Bharatiya Bhasha Parishad for the purpose of the said section for the assessment years 1978-79, 1979-80 and 1980-81.
In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies The Nasik Panchvati Panjrapole for the purpose of the said section for the assessment years 1978-79, 1979-80 and 1980-81.
In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Guru Gobind Singh Foundation, Chandigarh for the purpose of the said section for the assessment years 1979-80 and 1980-81.
In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies The Church of North India Council for Child Care, for the purpose of the said section for the assessment year(s) 1976-77 to 1980-81.
In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies St. Mary’s Nursing Home, Gomtipur, Ahmedabad, for the purpose of the said section for the assessment year(s) 1977-78 to 1980-81.
In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Panniyanikara Sree Durga Bhagavathy Temple, Panniyanikara, Calicut, to be a place of public worship of renown throughout the State of Kerala for the purpose of the said section.
