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Income Tax : Increasing use of RERA data by tax authorities makes alignment between project disclosures and income tax reporting essential to a...
Income Tax : Taxpayers are facing confusion following the introduction of the Income-tax Act, 2025. The key clarification is that income earned...
Income Tax : The issue concerns whether declaring profits below the presumptive rate automatically triggers tax audit or whether turnover thres...
Income Tax : The case demonstrates how an incorrect exemption claim based on Form 16 led to scrutiny and penalty proceedings. The Tribunal ulti...
Income Tax : This article explains the advance tax provisions under the Income-tax Act, including liability thresholds, exemptions, and instalm...
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 Court held that, for assessment year 2009-10, filing the audit report along with the return was directory and not mandatory. D...
Income Tax : The Chennai ITAT held that the Pr. CIT could not invoke Section 263 on matters already under consideration before the appellate au...
Income Tax : The Chennai ITAT held that excess stock found during a survey could not be taxed as unexplained investment when it had been accoun...
Income Tax : The Tribunal upheld the disallowance of a ₹10 lakh deduction after the recipient political party informed the tax authorities th...
Income Tax : The Tribunal upheld the denial of deduction under Section 80GGC after finding that the political donation formed part of an allege...
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...
Learn how to file Income Tax Returns (ITR) for partnership firms, the deductions allowed, tax return form (ITR-5), and the online filing process. Stay compliant with our detailed guide.
Explore the complexities of computing trading income and deductible expenses for UK income tax, including the role of GAAP, statutory provisions, and tax law adjustments.
Explore how land acquisition for development projects like road widening impacts taxation for rural landowners under the Income Tax Act and RFCTLARR Act.
Read about the Allahabad High Court’s decision to quash an order passed without granting the petitioner an opportunity to be heard in an income tax revision application under Section 264 of the Income Tax Act.
Kerala High Court allows income tax reassessment based on a revenue audit objection highlighting non-compliance with the Act. This applies to assessments after 01.04.2022, even if the taxpayer previously filed returns and the assessment was completed.
Bombay High Court ruled that receiving share premium, even if in violation of the Companies Act, doesn’t create taxable income. This case (Shendra Advisory Services P. Ltd. Vs DCIT) clarifies the distinction between capital receipts and income.
Read the detailed analysis of Sarva Capital LLC Vs ACIT (ITAT Delhi) regarding the validity of Tax Residency Certificate (TRC) for determining treaty benefits under the India-Mauritius Double Taxation Avoidance Agreement (DTAA).
Delhi High Court judgment in CIT vs. RELX Inc clarifies legal database subscriptions aren’t copyright transfers or royalty. Insights on taxation implications.
Madras High Court quashes tax assessment order due to exceeding time limit for issuing the order after receiving directions from Dispute Resolution Panel. This case highlights the importance of adhering to prescribed timelines in tax assessments.
Madras High Court rules draft assessment order must be treated as show cause notice due to lack of opportunity to respond. This decision protects taxpayer rights and ensures fair tax assessments in India.
