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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...
The ITAT Jaipur ruled that cash deposits explained by recorded sales cannot be added solely on an uncorroborated survey statement, upholding assessee’s appeal.
Explore the different types of assessments under the Income Tax Act, 1961, including self-assessment, regular assessment, and best judgment assessment for taxpayers in India.
An overview of Section 143(2) of the Income-tax Act, 1961, covering the purpose of the notice, statutory time limits, judicial constraints, and procedural steps.
An analysis of Sections 263 and 264 of the Income-tax Act, 1961. It details the conditions, scope, and judicial precedents for these revisional powers.
The Karnataka High Court has acquitted an assessee, holding he cannot be criminally prosecuted for tax evasion when his Chartered Accountant fraudulently manipulated a payment challan after receiving the full tax amount.
ITAT Delhi held that assessment order passed on the basis of consolidated approval under section 153D of the Income Tax Act in mechanical manner without application of mind is void-ab-initio and hence assessment is liable to be quashed. Accordingly, appeals are allowed.
The Income Tax Appellate Tribunal (ITAT) in Pune ruled that dismissing an appeal under Section 249(4)(b) for non-payment of advance tax is unjustified when the assessee, a cooperative society,
ITAT Panaji ruled that cooperative societies can claim a deduction under Section 80P even if they filed their return late, but only for assessment years (AYs) prior to 2018-19.
Karnataka HC refused to interfere with its earlier order setting aside the Income Tax Department’s rejection of ITC’s plea for release of ₹2 crore seized during a raid. The matter was remitted to the Deputy Director of Income Tax for fresh consideration.
The Karnataka High Court has affirmed that a notice for income tax reassessment under Section 148A(b) must grant a minimum of seven days for the assessee to respond.
