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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 Telangana High Court held that recovery proceedings under Section 226(3) cannot automatically extend to a daughter's bank acco...
Income Tax : The Court held that an employer acting in accordance with interim judicial directions restraining TDS deduction cannot be treated ...
Income Tax : ITAT Ahmedabad held that a bank could not be treated as an assessee in default for non-deduction of TDS on LFC payments when it ac...
Income Tax : The Telangana High Court held that an assessee cannot file an updated return under Section 139(8A) once assessment proceedings hav...
Income Tax : The Department argued that Section 292BC validated the approval despite alleged deficiencies, but the Tribunal rejected this conte...
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 Mumbai, in the case of DCIT vs. JM Financial Services, ruled that a loss from speculative share trading cannot be set off against a profit from non-speculative Futures and Options (F&O) transactions.
The ITAT in Mumbai has restricted an income tax disallowance on alleged bogus purchases for Quality Heightcon, capping it at 12.5% of the total amount and citing judicial precedents.
In a recent order, the Income Tax Appellate Tribunal (ITAT) Mumbai has provided a significant verdict in the case of Rajesh Shivji Shah vs. Income Tax Officer (ITO) for the assessment year 2011-12.
The ITAT in Mumbai has deleted an income tax addition against Rahul M. Dalmia, ruling that the purchases were genuine. The court found that the assessee had provided sufficient evidence and distinguished the case from other precedents.
The Bombay High Court dismissed a tax appeal, ruling that interest earned by a real estate developer on income tax refunds and fixed deposits had a direct nexus with their main business of developing IT Parks and SEZs.
Bombay High Court disposed of a 1999 writ on ITAT premises, holding that additional Benches functioning since 2001 under interim orders need no further directions.
Bombay High Court upheld CIT(A) and ITAT orders deleting penalty of ₹2.75 lakh, holding that ad-hoc estimation of profit from alleged hawala purchases does not amount to concealment of income.
The September 30, 2025 tax audit deadline creates pressure on businesses and CAs. Late ITR forms and the festive season lead to calls for an extension.
Karnataka High Court dismisses SBI’s appeal, upholding TDS demand for foreign travel LTC claims. The court cites a Supreme Court precedent that denies tax exemption for journeys with a foreign leg.
A summary of India’s Double Taxation Avoidance Agreements (DTAAs), covering the legal framework, methods of relief, and rules for international tax compliance.
