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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 article outlines practical methods through which business owners and professionals can legally minimise their tax burden. It h...
Income Tax : Section 54 grants exemption on long-term capital gains from the sale of a residential house because the proceeds are reinvested in...
Income Tax : The Income-tax Act mandates e-payment of direct taxes for companies and taxpayers covered under Section 44AB, while others may opt...
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 Delhi High Court held that ₹25 lakh paid under a prior agreement to sell was deductible under Section 48(i) as it was incurr...
Income Tax : The Chennai ITAT held that payments received by a UAE resident could not be taxed as Fees for Technical Services in India because ...
Income Tax : The Jodhpur ITAT held that deduction under Section 80GGC cannot be denied merely on allegations against a political party in the a...
Income Tax : Assessment orders passed pursuant to express liberty granted by the High Court during pendency of settlement-related litigation re...
Income Tax : The ruling emphasizes that undisclosed business receipts and stock arising from an existing business cannot automatically be chara...
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...
The ITAT Delhi confirmed the addition of Rs.25.35 lakh as unexplained investment for a house purchase under Section 69, ruling that the assessee failed to discharge the initial onus to prove the creditworthiness and genuineness of loans allegedly received from his mother and sister. The lenders lacked sufficient bank balances, and documentation was incomplete.
The Tribunal upheld the CIT(A)’s exercise of newly amended powers under Section 251(1)(a) to set aside an ex-parte order passed under Section 144. Since the assessee was denied due opportunity, the matter was remanded for reassessment. The ruling clarifies that appellate authorities can now direct fresh assessments where procedural fairness was lacking.
The ITAT Agra dismissed the Revenue’s appeal against the deletion of a ₹2.35 crore unexplained cash credit under Section 68, agreeing that the amount was a closing balance from prior, assessed years. The ruling established that the taxpayer’s savings and financial reconciliation, supported by earlier ITRs, were sufficient evidence against the addition.
ITAT Mumbai fully deleted Rs.7.23 crore in additions made under Sections 69A, 69B, and 69C following a search. The Tribunal ruled that the black diary entries, initially treated as unexplained expenditure, money, and investment, were actually reconciled with the audited ledgers of the LLP, rendering the AO inference as mere conjecture.
The ITAT Jaipur ruled that an entire reassessment order must be quashed if the Assessing Officer (AO) makes no addition on the specific issue for which the case was reopened. Following the binding Rajasthan High Court precedent in Shri Ram Singh, the Tribunal held that the AO loses jurisdiction to assess unrelated, other escaped income (like LTCG) once the initial reason to believe is found to be incorrect.
The ITAT Ahmedabad set aside the CIT(E)s order rejecting 80G approval, ruling that the mere presence of religious objects does not automatically disqualify a charitable trust. The CIT(E) must now verify if the trust’s actual religious expenditure exceeds the 5% threshold under Section 80G(5B) before denial.
ITAT ruled that CPC’s adjustment denying the Section 80IE deduction without prior intimation may violate Section 143(1)(a); the matter was remanded to verify if the assessee was given an opportunity of being heard.
This ITAT Ahmedabad decision rules that the Centralised Processing Centre (CPC) cannot summarily reject a new manufacturing company’s claim for the 22% tax rate under section 115BAB during processing under section 143(1) without issuing a prior intimation. The Tribunal held that the eligibility for the concessional rate is a debatable issue that cannot be adjusted as a “mistake apparent from record.”
The Tribunal upheld that a provision made for arrears of VDA, PFD, and HRA pursuant to a High Court directive represented a crystallized liability. Since the assessee’s obligation was judicially enforceable, the expenditure was allowable. Disallowance was correctly limited to 30% under Section 40(a)(ia) for TDS non-compliance.
ITAT Delhi held that commission earned by a cooperative society from marketing sugarcane grown by its members qualifies as business income under Section 80P(2)(a)(iii), not as income from other sources.
