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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 Delhi’s ruling in Pawan Kumar Agarwal Vs ACIT restricts an unexplained cash addition to a 10% GP rate, reducing it from ₹1.5 crore to ₹15 lakh. It upholds that stock and cash belonging to the assessee’s sons’ firm are not taxable in the assessee’s hands.
The Income Tax Appellate Tribunal (ITAT) Pune dismissed an appeal by the Income Tax Department, affirming that a cooperative credit society was not liable for unexplained cash credits under Section 68.
The ITAT Pune bench has deleted an addition made under Section 68 of the Income Tax Act, ruling that a cooperative credit society’s deposits of old currency during demonetization, received from its members, cannot be treated as unexplained income.
The Income Tax Appellate Tribunal (ITAT), Pune, dismissed the Income Tax Officer’s appeal against Ambika Gramin Bigarsheti Sahakari Patsanstha, affirming that cash deposits received during the demonetization period were not unexplained cash credits.
The ITAT Bangalore bench held that the objects of Shrthiparampara Gurukulam, a trust teaching Vedas, are charitable and not religious. This ruling allows the trust to claim tax exemptions under Section 80G of the Income Tax Act, reversing the CIT(E)’s decision which had categorized the trust as religious and ineligible for approval.
The tribunal rejected the Commissioner of Income Tax (Exemptions)’s argument, distinguishing it from an outdated Supreme Court precedent and emphasizing that the trust’s objects were for the general public’s benefit.
The ITAT Cochin bench has set aside a massive tax demand on Kathikode Charitable Trust, ruling that a wrong form filing and subsequent denial of tax exemption by the Income Tax Department was a mistake that must be rectified.
The Income Tax Appellate Tribunal (ITAT), Ahmedabad, ruled in favor of Sattavis Kadva Patidar Pragati Mandal, holding that a charitable trust with a small number of religious objects can still receive an 80G exemption.
The ITAT Rajkot restored the case of Jay Mataji Charitable Trust vs. CIT (Exemption) to the CIT(E) to determine if the trust’s religious expenditures were within the 5% limit allowed under Section 80G(5B).
Gujarat High Court rejects Revenue appeal, holding Rajkot Jilla Gayatri Parivar Trust eligible for Section 80G approval citing SC precedents on consistency.
