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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 Delhi deletes a ₹17.95 lakh tax addition on royalty expenses for Travel Food Services, applying the principle of consistency from previous years’ decisions.
The ITAT Cochin bench addresses whether a cooperative society tax return filed after the original due date but within a CBDT-extended deadline for Kerala flood victims is eligible for Section 80P deduction. The tribunal rules the return was timely allowing the deduction.
The ITAT grants relief to an assessee, setting aside an ex-parte order from the CIT(A) and remanding the case for a fresh hearing on its merits.
Calcutta High Court condones delay by Income Tax department, allowing assessee to file Forms 1 & 2 physically and avail Vivad se Vishwas Scheme, 2024.
The ITAT grants a rural trust a second opportunity to secure 80G tax benefits after its application was rejected due to portal-related confusion.
A procedural error by the First Appellate Authority leads the ITAT Ahmedabad to send an unexplained investment case back to the Assessing Officer The court directs the AO to properly investigate the source of funds for a property purchase.
The Chhattisgarh High Court disposes of an income tax appeal against Vandana Ispat Ltd, citing a new government circular that raises the monetary limit for filing appeals to Rs. 2 crores.
Calcutta High Court disposed of a writ petition after the Income Tax Department decided not to pursue the demand raised under Section 143(1) for AY 2018-19, effectively closing the matter.
The Meghalaya High Court directs an assessee to file a revised income tax return to finalize the closure of her Capital Gain Deposit Scheme (CGDS) account.
ITAT Agra set aside a TDS assessment order for AY 2014-15, holding that a late-night show cause notice with a 1-day deadline violated natural justice. The matter is remitted to the Assessing Officer for fresh adjudication.
