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Income Tax : The issue is whether high-income earners can reduce tax liability under the old regime. The analysis shows that structured allowan...
Income Tax : The ruling clarifies that unverified excel sheets seized from third parties cannot justify additions without corroborative evidenc...
Income Tax : The new law replaces the 1961 Act with a simplified, structured tax system. It reduces compliance burden through streamlined forms...
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 : 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 : ITAT Bangalore condoned a 143-day delay caused by employee resignation, holding procedural lapses shouldnt deny justice. CIT(A)s o...
Income Tax : The tribunal held that disallowance based solely on third-party information without independent verification is unsustainable. It ...
Income Tax : The tribunal held that generation-based incentive linked to electricity output qualifies for deduction under Section 80-IA. It rul...
Income Tax : ITAT Bangalore held that even in ex-parte assessments, gross bank deposits cannot be taxed as income without proper inquiry. Delay...
Income Tax : ITAT Bangalore held CSR trust denial unjustified, ruling donation genuineness proven and no 3-year track record needed. Directed g...
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 Delhi quashed a tax assessment against Adobe Systems India P. Ltd., ruling it time-barred. The court highlighted the Assessing Officer’s failure to adhere to the statutory deadline post-DRP directions.
Delhi ITAT allows assessee’s appeal, removing Rs. 4.92 lakh cash deposit addition after High Court remand, citing verified bank withdrawals as source.
Delhi High Court dismisses Ravinder Kumar’s appeal, affirming tax addition for unexplained bank cash deposits due to lack of evidence for Kirana business sales.
ITAT Mumbai upholds Section 68 additions as assessee failed to explain cash deposits from gold sales to undisclosed buyers and purchases from dubious supplier.
ITAT Bangalore directs relief for Goldman Sachs Services, quashing TP adjustment and allowing Section 80G for CSR, citing prior judgments on secondment issues.
ITAT Mumbai quashes PCIT’s revision, confirming Dalal And Broacha Stock Broking’s Section 80G deduction on CSR expenses, citing judicial precedents.
: ITAT Bangalore rules on CSR expenditure, allowing Section 80G deductions despite Section 37 disallowance. A key decision for corporate taxation.
Mumbai ITAT rules Sikka Ports can claim Section 80G deduction for CSR donations, rejecting ‘mandatory’ argument and upholding retrospective 14A ruling.
ITAT Mumbai allows CSR expense deductions under Section 80G, clarifying limits of Explanation 2 to Section 37(1) for AY 2015-16.
Bombay High Court rejects Revenue’s appeal against Tata Chemicals Ltd for AY 2000-01, citing consistent rulings on advertisement, VRS, and project expenditure.
