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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 Delhi ITAT has ruled that an assessment order passed beyond the three-month statutory timeline of Section 153(5) is invalid, restoring the returned income for Hitachi Astemo.
The ITAT has remanded the case of Shamrock Apparels to the CIT(A), granting a final opportunity to contest a ₹31.22 lakh adjustment to its Long-Term Capital Gains.
A co-operative society tax deduction was denied due to a late return. The ITAT has sent the case back to the CIT(A) for a fresh look citing an error in the previous ruling.
Delhi ITAT has clarified that due date for PF/ESI contributions starts from date of salary disbursement, not accrual. Case has been remanded for re-verification.
The Delhi ITAT has dismissed an appeal from Edynamics Solutions, upholding the taxation of large-scale banking transactions, and rejecting the claim of a 2% commission.
The ITAT has deleted transfer pricing adjustments for Avaada group companies, ruling that Section 115BAB doesn’t apply to pre-operative businesses with no taxable income.
The Delhi ITAT has ruled that an income enhancement by a CIT(A) is illegal if done without a mandatory notice under Section 251. The Tribunal set aside the order and restored the original assessment.
ITAT Bangalore sets aside tax demand of ₹7.29 crore on a rural co-op society, citing its inability to explain a ₹4.63 crore cash deposit due to a negligent tax practitioner.
The ITAT has quashed an income tax assessment against Dinesh Kumar Jain, ruling that a mere code name, “Thekedar,” in seized data was not enough to prove unaccounted income without corroborative evidence.
Know who is liable to pay advance tax, how to compute it, due dates for instalments, exemptions, and payment methods under the Income Tax Act.
