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Income Tax : The Income-tax Act, 2025 continues the old specified professions framework without addressing longstanding classification issues. ...
Income Tax : The Supreme Court dismissed the Revenue's review petitions and reiterated that payments for off-the-shelf software do not constitu...
Income Tax : A detailed overview of limitation periods prescribed under the Income-tax Act reveals how missing statutory deadlines can lead to ...
Income Tax : Budget 2026 has extended the due dates for ITR-3, ITR-4, and revised returns, offering taxpayers greater flexibility. Understandin...
Income Tax : Relocating to Sikkim does not automatically exempt you from income tax. This article explains who qualifies under Section 10(26AAA...
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 Tribunal held that an incomplete document recovered from an employee's laptop could not justify an addition under Section 69 w...
Income Tax : The ITAT held that once registration under Section 12AB was ultimately granted on the basis of the original application, the doctr...
Income Tax : The ITAT Chennai ruled that funds received by a Chartered Accountant for remitting clients' taxes could not be treated as unexplai...
Income Tax : ITAT Mumbai held that appellate forums can entertain additional claims even without a revised return. The matter was remanded to t...
Income Tax : The Telangana High Court held that recovery proceedings under Section 226(3) cannot automatically extend to a daughter's bank acco...
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...
ITAT Mumbai rules on disallowances, unexplained cash, reassessment validity in J. Kumar Infraprojects tax case, partly upholding CIT(A)’s relief.
ITAT Ahmedabad remands a case to the CIT(A) for a third time, citing a failure to follow binding directions in a dispute over a bogus purchase.
The Ahmedabad ITAT has quashed a revision order, ruling that no revision is possible when the underlying reassessment order was invalid due to improper sanction.
The Ahmedabad ITAT has deleted additions for unexplained investments and partners’ capital, ruling that the firm had provided sufficient proof of the partners’ creditworthiness.
ITAT Mumbai has set aside a CIT(A) order for deciding an unrelated issue, and has restored the appeal for a fresh adjudication based on the original grounds.
The Mumbai ITAT has remanded a tax case, ruling that the AO was duty-bound to refer a valuation dispute to a DVO under Section 50C(2).
The Bombay High Court rules that for Section 32AB deductions, profit must be based on the Profit & Loss Account finalized under the Companies Act, not on adjusted figures.
ITAT Chennai grants Foreign Tax Credit to Lakshmi Sundararajan, ruling that the delayed filing of Form 67 is not a mandatory reason for disallowance.
Understand your legal rights and procedural protections during Income Tax and PMLA raids in India. Learn what to do and what to avoid to ensure due process.
The ITAT Mumbai upholds deductions for Jyothy Labs, ruling that once allowed, they can’t be denied later. The court also addressed issues on interest allocation and capital gains.
