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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...
Income earned from educational activities is eligible for exemption under Section 10(23C)(vi) of the Income Tax Act. Read the detailed analysis of the ITAT Kolkata ruling in the case of Durgapur Society of Management Science vs ITO.
Read the full text of Bombay High Court’s judgment quashing the notice under Section 148 for AY 2016-17 in Vardhaman vs. ITO case. Analysis and implications discussed.
The appellant’s claim of facing technical glitches in generating Form 26A was acknowledged, leading to the tribunal directing a fresh adjudication.
The assessee company having its business of builders and property developers, following mercantile system of accounting, filed its return of income on 30.09.2013 disclosing income at Rs.2,86,000/- after claiming deduction of Rs.4,03,40,492/-u/s. 80IB(10) of the Act.
Milap Shah vs ITO (ITAT Ahmedabad) – 1190 days delay appeal due to medical reasons. ITAT remands income escapement notice under section 148 of Income Tax Act for detailed adjudication.
Bombay High Court ruling: No penalty for ITR upload mistake. Detailed analysis of the case between Principal Commissioner of Income Tax-13 and Pinstorm Technologies Pvt Ltd.
Understand MSME payment obligations, due dates, and tax implications. Ensure timely payments to registered vendors to avoid income tax disallowance. Learn about UDYAM registration benefits.
Explore the Shanmukhananda Fine Arts vs. Deputy Director of Income Tax case. Bombay High Court’s decision on AO’s jurisdiction and income tax appeal. Full analysis here.
Explore the rules, tax implications, and measures against black money in real estate transactions. Understand the impact on the industry and corrective steps taken by the government.
Explore R. Prasannakumaran Nair vs. PCIT case in Kerala High Court. Analysis of income tax inspectors and officers’ pay scale upgradation. Details of the judgment here.
