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Income Tax : Transporters can avoid TDS deduction by submitting a declaration confirming ownership of not more than ten goods vehicles. The key...
Income Tax : Highlights that selecting the incorrect portal tab can lead to data mismatches and filing errors. Emphasizes the need to use the c...
Income Tax : Explains how commission-driven incentives in banks lead to mis-selling of financial products. Highlights the need for structural r...
Income Tax : ITAT held that additions based solely on third-party search material without independent evidence or cross-examination are invalid...
Income Tax : A new digital framework is suggested to replace manual Form 121 processes and streamline TDS exemption declarations. The proposal ...
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 : The Supreme Court declined to condone delay, thereby upholding the High Court’s conclusion that the liaison office did not const...
Income Tax : The judgment confirms that income from offshore equipment supply is not taxable where transactions occur outside India. The liaiso...
Income Tax : The Tribunal held that lack of awareness of the assessment order and limited knowledge of tax law constituted sufficient cause for...
Income Tax : The Tribunal confirmed addition of unexplained investments where the assessee could not substantiate the source of deposits. The r...
Income Tax : The Tribunal held that wage arrears arising from pay revision constitute an accrued liability from the effective date. The provisi...
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...
ITAT Bangalore allows a company to claim a deduction under Section 80G for a CSR donation, ruling that disallowance under Section 37 does not bar benefits under Chapter VIA.
ITAT Delhi dismisses the Revenue’s appeal against Delhi Transco, affirming that income recognition can be postponed when collection is uncertain.
ITAT Delhi remands a tax case to the Assessing Officer, ruling that the denial of cross-examination and the rejection of donor evidence without independent verification were legally unsustainable.
ITAT Delhi dismisses Revenue’s appeals, affirming CIT(A)’s decision to reduce commission income estimation for SNW Smith Consultants Pvt. Ltd. based on group settlement and lack of specific incriminating material.
ITAT Delhi rules a reassessment void, holding that the Section 148 notice was issued beyond the statutory limitation period, citing Supreme Court and High Court precedents.
ITAT Delhi quashes search assessments, ruling that a consolidated approval under Section 153D for multiple years is invalid and demonstrates a lack of independent application of mind.
The ITAT Delhi quashes search assessments against Minda Corporation, ruling that a mechanical, consolidated approval under Section 153D was invalid and failed to meet statutory requirements.
ITAT Delhi rules reassessment invalid, stating the Assessing Officer’s failure to provide a speaking order under Section 148A(d) was a violation of mandatory statutory procedures.
ITAT Delhi deletes a Rs.3.60 crore addition to income, ruling that unrealized interest cannot be taxed and that a fraudulent TDS return does not constitute actual income.
The ITAT Mumbai ruled that year-end provisions without an identifiable payee or a crystallized liability do not attract TDS, dismissing the revenue’s appeal against Viacom 18 Media.
