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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 : The Mumbai ITAT held that an addition under section 69 cannot survive when the Revenue fails to establish that the alleged investm...
Income Tax : ITAT Lucknow held that disallowance of interest expenses cannot be sustained without evidence showing that interest-bearing funds ...
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 : 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...
Ahmedabad ITAT rules in favor of a charitable trust, overturning the CIT(E)’s rejection of its 80G(5) application. The court found that a clerical error in the form was a technical mistake and should not be a basis for rejection without a merits review.
ITAT, Bangalore, set aside CIT(E)’s rejection of Hamza Welfare Trust’s application for permanent registration under section 12AB and approval under section 80G.
Chandigarh ITAT held that CIT(A) has no power to set aside assessments passed u/s 143(3), as such power exists only for ex-parte orders u/s 144. Revenue’s appeal was allowed, and the case remanded for fresh adjudication on merits.
ITAT Ahmedabad dismisses an income tax appeal, ruling that an entire cash payment for land could not be taxed as an unexplained investment.
ITAT Agra rules AO’s failure to verify source of Rs.20 lakh property investment makes assessment order erroneous, upholding PCIT’s revision powers under Section 263.
The Karnataka High Court has quashed a criminal case against a taxpayer, ruling that he was not responsible for tax evasion and fraudulent acts committed by his Chartered Accountant.
ITAT Ahmedabad rules that a charitable organization’s application for tax exemption cannot be rejected solely due to a technical error in form submission without a hearing.
Examines Section 148 notices for reassessment under the Income-Tax Act, detailing scope, time limits, procedural safeguards, and judicial precedents.
An analysis of Section 142 of the Income-tax Act, 1961, detailing the powers of the Assessing Officer, statutory limitations, and remedies available to taxpayers.
Examines the tax implications of employer-funded education, covering employer deductions and employee taxation. Includes analysis of key judicial precedents and practical advice.
