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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 : 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 : 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 Tribunal held that failure to issue a jurisdictional transfer order under Section 127 invalidates the assessment. It ruled tha...
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 : 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 Ahmedabad clarifies that common area maintenance charges recovered from a sub-tenant, when reimbursed against actual expenses, are not rental income.
Gujarat High Court invalidates reassessment notice, citing department’s failure to issue fresh 148A(b) notice post-faceless transition as per Supreme Court.
The ITAT Nagpur has set aside an ex-parte income tax addition of ₹7.38 lakh against a senior citizen agriculturist, citing lack of proper notice and unproven agricultural income.
ITAT Nagpur remands Gayatri Gram’s 80G exemption appeal, instructing CIT(E) to reconsider a fresh application after initial rejection due to a technical error in the application clause.
ITAT Ranchi dismisses Revenue’s appeal against deletion of Section 270A penalty on Uranium Corporation of India Ltd., citing inadvertent error and no revenue impact due to MAT.
ITAT Ahmedabad rules on Krishnanagar Vaishnvsamaj vs. ITO, allowing a trust to claim deduction for income utilized within the original extended timeframe, despite a recent amendment.
ITAT Nagpur dismisses revenue appeals against Maharashtra Urban Co-operative Credit Society Ltd, affirming its entitlement to Section 80P deductions on interest income from nominal members and bank deposits, distinguishing the Supreme Court’s Totgars’ Co-operative Sales Society Ltd ruling.
ITAT Kolkata held that Foreign Tax Credit cannot be denied for delayed filing of Form No. 67 since the provision of DTAA override the provision of Section 90 of the Act and also filing it is directory requirement and not mandatory requirement. Accordingly, appeal allowed.
ITAT Amritsar sends back Mata Bhuvaneshori Asthapan Committees 12A/80G registration plea, citing pending re-registration under new J&K laws.
ITAT Surat grants 80G approval to Jay Bhawani Mandhani Charitable Trust after a religious clause in its deed was struck down, validating its charitable nature.
