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Income Tax : Analysis explains why Section 50C is a computation provision, discusses the First Proviso to Section 50C(1), and examines its stat...
Income Tax : Capital gains, business income, foreign assets, directorship and other transactions may make taxpayers ineligible to file ITR-1....
Income Tax : Know ITR due dates for FY 2025-26, belated and revised return deadlines, ITR-U timelines, late filing consequences and correspondi...
Income Tax : Learn how to report RSU and ESOP share sales for AY 2026-27, including capital gains, Schedule FA, Schedule CG, advance tax and di...
Income Tax : Know the eligibility, exclusions and key differences between ITR-1, ITR-2 and ITR-4 for AY 2026-27, including Section 139(9) and r...
Income Tax : A representation seeks activation of Form 68 filing for misreporting cases after the Finance Act, 2026 expanded immunity under Sec...
Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...
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 : ITAT Panaji held BSNL VRS-2019 compensation is retrenchment compensation exempt under Section 10(10B), set aside CIT(A) orders, an...
Income Tax : ITAT Pune held BSNL VRS compensation exempt under Section 10(10B), condoned delay in filing appeals, and directed grant of refund ...
Income Tax : ITAT Ahmedabad condoned delay in filing appeal and allowed Section 10(10B) exemption claim for BSNL VRS compensation, making the a...
Income Tax : ITAT Delhi deleted TP adjustments on export commission and model fee, allowed Section 80G claim principles, and granted relief on ...
Income Tax : ITAT Delhi held that disallowance of CSR expenditure under Section 37(1) does not prevent Section 80G deduction for eligible donat...
Income Tax : CBDT authorises DGIT (Systems) to upload AEOI information in Annual Information Statement Form 168 under section 239 and Rule 245(...
Income Tax : CBDT authorises DGIT (Systems) to upload AEOI information in AIS Form 26AS under sections 119, 90 and 90A, prescribing timelines a...
Income Tax : CBDT Circular 05/2026 clarifies safe harbour rules for foreign companies selling raw diamonds in Special Notified Zones, covering ...
Income Tax : CBDT Notification 74/2026 exempts TDS on eligible IFSC aircraft lease rent under section 393, subject to Form 1(N), effective from...
Income Tax : CBDT notifies NCCL's Core Settlement Guarantee Fund under Section 11 and Schedule III of the Income-tax Act, 2025, subject to spec...
The ITAT held that the assessment was invalid because it was completed by an Assistant Commissioner who lacked pecuniary jurisdiction under CBDT Instruction No. 1/2011. The assessment order was set aside.
The ITAT held that the assessment was invalid because the mandatory notice under Section 143(2) was not issued by the Assessing Officer having jurisdiction. The appeal was allowed on the legal ground.
The Tribunal held that the reassessment was invalid because the Income Tax Officer lacked jurisdiction under CBDT Instruction No. 1/2011. The assessment was quashed, making examination of the additions unnecessary.
The ITAT held that depreciation on goodwill arising from amalgamation could not be disallowed in subsequent years after it had been accepted in the initial assessment. The Tribunal also dismissed the Revenue’s appeal on CSR deduction under Section 80G.
The Calcutta High Court held that adjusting admitted refunds to recover more than 20% of disputed tax demand during the pendency of appeals was arbitrary and unsustainable. The excess amount was directed to be refunded.
The Calcutta High Court held that recovery exceeding 20% of the disputed tax demand during the pendency of an appeal before the CIT(A) was unsustainable in the absence of exceptional circumstances. It directed refund of the excess amount recovered.
The Calcutta High Court held that adjustment of a tax refund against a disputed demand could not be sustained while the stay application and appeal were pending. It directed release of the refund with statutory interest and restrained coercive recovery until the stay application is decided.
The Tribunal held that the delay in filing the application for regular registration under Section 80G deserved to be condoned due to sufficient cause. The matter was remanded for consideration on merits instead of being rejected solely on limitation.
The Tribunal held that an unsigned loose paper containing only jottings could not justify an addition without corroborative evidence. The addition of alleged interest income was therefore deleted.
The ITAT Ahmedabad upheld the disallowance of employees’ PF/ESI contributions deposited beyond the due dates prescribed under the respective Acts. Following binding Supreme Court and Gujarat High Court precedents, the Tribunal held that payment before filing the income tax return does not cure the delay, while remanding the Form 26AS mismatch issue for fresh verification.
