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Income Tax : The article argues that recurring demands for ITR deadline extensions arise from delayed AIS updates, late utility releases, and t...
Income Tax : Senior citizens aged 75+ with only pension and bank interest income need not file ITR if a specified bank computes income and dedu...
Income Tax : Section 44AA mandates maintenance of books by specified professionals and eligible businesses based on income or turnover limits. ...
Income Tax : Employer-provided interest-free or concessional loans are taxable as salary perquisites due to the financial benefit enjoyed by em...
Income Tax : ESOPs are taxed as salary perquisites on allotment based on FMV at exercise. Eligible start-up employees can defer TDS and tax pay...
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 : SC dismissed Revenue’s plea after Gujarat HC held that even proposed additions would not alter MAT liability, defeating escapeme...
Income Tax : The Tribunal held that the assessee was entitled to additional interest under Section 244A(1A) because the Assessing Officer faile...
Income Tax : The Tribunal held that once Second Line Support services were examined and covered under an Advance Pricing Agreement, disallowanc...
Income Tax : ITAT remanded the case as NFAC passed an ex parte order despite notice issues and held that a combined reassessment and ITAT effec...
Income Tax : ITAT Delhi held that interest expenditure cannot be disallowed without establishing a nexus between borrowed funds and non-busines...
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...
The ITAT Kolkata ruled that no disallowance under Section 14A read with Rule 8D can be made if the taxpayer did not earn any exempt income during the relevant financial year. The Tribunal fully allowed the appeal, reiterating the established legal position against mechanical disallowance when there is no dividend or tax-free income.
The ITAT Delhi dismissed the Revenue’s appeal, confirming that the reassessment proceedings initiated in the name of the erstwhile amalgamating company were void ab initio. The Tribunal ruled that since the amalgamation was duly communicated to the Assessing Officer before the assessment, the notice issued to the non-existent entity was invalid in law.
The Delhi High Court dismissed the Revenue’s appeal, affirming that a prior approval for search assessments under Section 153D must involve the superior authority’s conscious application of mind. The Court held that approvals granted mechanically or through a single omnibus letter for numerous assessments are invalid, thereby quashing the assessment.
The ITAT Pune condoned a 100-day delay in filing the tax appeal, citing reasonable cause due to the taxpayer’s reliance on professional advice and relocation. Adopting a justice-oriented approach, the Tribunal allowed the appeal to be heard on its merits, reinforcing the principle that substantive justice prevails over procedural lapses.
The ITAT struck down the additions, observing that the AO’s jurisdiction was potentially vitiated by a mechanical, consolidated approval for reopening, and the additions themselves relied solely on an uncorroborated statement and rough papers. The ruling confirms that unverified, rough documents lack sufficient evidentiary value to sustain income additions.
The ITAT Ahmedabad deleted a Rs.7.46 lakh disallowance of employees’ PF contribution, ruling that payment made on the next working day is timely when the statutory due date falls on a Sunday. The ruling applied Section 10 of the General Clauses Act, confirming that the delay was valid and unavoidable.
ITAT Mumbai deleted a Rs.34.65 crore addition under Section 68 for unsecured loans, ruling that requirement to prove source of source only applies from A.Y. 2013-14 onwards. Tribunal held that proving the identity, genuineness, and creditworthiness of loan creditors was sufficient for year under appeal.
The ITAT Delhi ruled that the reassessment was invalid because the issue of setting off prior-year speculative losses was already examined in the original scrutiny assessment. The quashing relied on the “change of opinion” doctrine, as the AO used no new tangible material to reopen the case.
The CBDT extended the deadline for filing tax audit reports (to Nov 10, 2025) and ITRs for audited taxpayers (to Dec 10, 2025) for AY 2025-26. This relief addresses judicial mandates, natural disaster disruptions, e-filing portal glitches, and the complex compliance burden on businesses, facilitating accurate tax filing.
ITAT Delhi held that reopening beyond four years requires sanction from the Principal Commissioner or Commissioner. Approval taken from the Joint Commissioner rendered the reassessment invalid.
