ITAT Delhi held that payments made by an employees’ welfare society to members, including death claims and...
Income Tax
The tribunal ruled that reassessment proceedings for a period prior to the approval of an NCLT resolution...
The Supreme Court refused to condone a delay of 262 days in filing the Special Leave Petition...
ITAT Mumbai held that reassessment initiated without approval from the correct authority under Section 151 is invalid....
The Supreme Court upheld the invalidation of an assessment order issued in the name of a company...
The Income-tax Act, 2025 introduces Form 141 to replace Form 26QB from April 2026. The change aims...
The new Income-tax Act, 2025 retains the obligation to maintain books of account under Section 62. Businesses...
The Tribunal held that capital gains from property transferred to a spouse without consideration must be taxed...
The Tribunal held that reopening beyond three years requires sanction from higher authorities under Section 151(ii). Since...
The Tribunal held that Section 269SS does not apply when cash is received as part of final...
The Tribunal held that when the difference between purchase price and DVO valuation falls within the 10%...
The Tribunal held that failure to start charitable activities cannot by itself justify denial of registration under...
ITAT Chennai deletes Sec 270A penalty, ruling 200% penalty for misreporting cannot be imposed without specifying clause...
ITAT Chennai rules 60% tax under Section 115BBE not applicable to AY 2017-18 transactions before 01-04-2017; directs...
The Tribunal examined whether penalty under Section 271(1)(c) can arise when income is added due to the...
The Tribunal held that when an adjustment made in the CPC intimation is subsequently deleted in appeal,...
Despite disputes over agricultural income additions, the Tribunal focused on the legality of the proceedings. It held...
The case addressed whether tax authorities can issue notices for multiple years based on one satisfaction note....
The tribunal considered whether inconsistent explanations alone justify treating cash deposits as unexplained income. It held that...
The tribunal examined whether the reasons given for late filing of the appeal were sufficient. It ruled...
ITAT Delhi held that Oracle India Private Limited is an independent legal entity and existence of Oracle...
ITAT held that the appellate authority wrongly dismissed the appeal under Section 249(4)(b) as there was no...
Advertising payments on Google Ads attract 2% TDS under Section 194C of the Income Tax Act. Businesses...
The High Court set aside the provisional attachment of property under the Income Tax Act after finding...
Budget 2026 proposes reducing the stay-of-demand deposit from 20% to 10% of core tax demand under Section...
The Income Tax Department conducted surveys across multiple cities after AI analysis revealed significant discrepancies between transactional...
The proposed amendments rationalise tax provisions, simplify reporting rules, and introduce clearer deductions and exemptions. The reforms...
ITAT Delhi deleted additions under Sections 68 and 69C after finding that the assessee received and repaid...
The Central Government, in the Union Budget 2026, has proposed an important amendment concerning employee welfare funds....
Courts have held that reassessment proceedings must be based on the reasons recorded before issuing notice under...
The Tribunal ruled that a bona fide technical mistake in selecting the wrong section code while applying...
The Madras High Court quashed the rejection of a condonation application, holding that the delay in filing...
ITAT Delhi held that a trust registered under Section 10(23C)(iv) was required to file Form 10BB instead...
The Court issued notice in a plea to quash criminal proceedings where the applicant argued that alleged...
This article explains the five most frequent issues arising in modern income tax assessments, including unexplained cash...
The High Court held that reopening an assessment merely because the tax officer formed a different view...
The Supreme Court declined to entertain the revenue’s SLP after noting that a fresh notice had already...
The Court found that the Assessing Officer had knowledge of the amalgamation before issuing the assessment orders....
ITAT Hyderabad held that reassessment proceedings were invalid because the notice under Section 148 was issued by...
A significant change proposed in the current Union Budget relates to the disallowance of deduction of interest...
The ITAT held that revisional powers under Section 263 cannot be exercised when the Assessing Officer has...
The Finance Act 2023 introduced a 12.5% LTCG tax without indexation as an alternative to 20% with...
The benchmark price was incorrectly determined because material economic differences between Thailand and Vietnam markets were not...
The Tribunal ruled that unverified KOT data and handwritten loose sheets are insufficient to establish unaccounted sales....
The court held that a retracted statement by a trustee alleging capitation fee collection cannot justify tax...
The tribunal held that disallowance under Section 14A cannot be made when the assessee has not earned...
The Bombay High Court set aside reassessment, demand, and penalty proceedings after finding that the notice under...
The Tribunal found that the authority misapplied the law by relying on provisions relating to donor deductions...
Rules 307–311 of the Draft Income-tax Rules, 2026 outline how pension funds must purchase annuities, restrict commutation,...
Draft Income-tax Rules 2026 prescribe definitions, trust conditions, investment rules, and limits on employer contributions for approved...
The tribunal held that exemption for a statutory housing authority depends on whether housing units were sold...
The Court held that rejection of condonation for a 50-day delay in filing Form 10B was improper...
The Tribunal refused to condone an 840-day delay in filing an appeal where the assessee claimed the...
The Tribunal held that a trust engaged in educational activities for the public cannot be labelled religious...
The Tribunal found that the taxpayer had filed Form 68 seeking immunity from penalty but the request...
The Tribunal ruled that exemption under Sections 11 and 12 cannot be denied by aggregating separate shareholdings...
The Court ruled that a person who is neither a director, shareholder, nor employee of a company...
The SC dismissed a challenge to sanction notices for income tax prosecution, holding that objections including validity...
The Delhi High Court held that issuing a 15% withholding certificate without properly considering the Supreme Court’s...
The High Court set aside income tax assessments after holding that a specific written request for personal...
The High Court held that only 30 days of limitation survived after applying TOLA and Supreme Court...
Delhi High Court held that seismic survey services in connection with exploration of oil cannot be held...
The Tribunal held that an appeal filed before a Bench lacking territorial jurisdiction is not maintainable and...
The Tribunal held that EIS paid to originators is not subject to TDS because the originator had...
The Court directed the PCCIT to appoint a senior officer to re-examine a refund claim where both...
Tribunal held that rejection of the Project Completion Method was invalid as the Assessing Officer did not...
Tribunal held that application software licences with limited duration and no ownership rights are revenue expenditure. It...
FAQs on TCS under Income Tax Act, 2025 as amended by Finance Bill, 2026, covering rates, exemptions,...
Draft Rule 146 prescribes fixed conversion formulas for slot and space charters, defines qualifying incidental shipping income,...
Draft Rule 147 requires Board orders issued under section 239(3)(a) to be published through Gazette, official website,...
Bombay High Court held that adjustments under Section 143(1)(a) are invalid if prior intimation is not issued...
Rule 129 prescribes notice and forms for Section 274 reference, detailing objections, tax benefit basis, and Commissioner’s...
Rules 127 and 128 of the Draft Income-tax Rules, 2026 restrict GAAR impact to the tainted part...
Draft Rule 126 of the Income-tax Rules, 2026 limits eligible activities of IFSC-based Finance Companies and mandates...
Draft Rule 125 of the Income-tax Rules, 2026 mandates Form 61 authorization filing and extensive ownership disclosures...
Draft Rule 66 requires mandatory audit, Form 32 filing, and section-wise document submission for claiming deductions under...
Draft Rules 63–65 prescribe strict approval, notification, and compliance conditions for universities, sports bodies, and rent deduction...
Rule 62 mandates that deductions under Section 128 for specified serious diseases are allowed only when supported...
Rule 61 of Draft Income-tax Rules, 2026 prescribes medical authority certification and Form 30 for autism, cerebral...
Draft Income-tax Rule 60 permits carry forward of accumulated loss and unabsorbed depreciation in amalgamation only if...
ITAT Mumbai deleted the Section 68 addition on LTCG from listed shares, holding that documentary evidence, STT...
Budget 2026 introduces sweeping retrospective amendments affecting limitation, reassessment jurisdiction, DIN validity, and TPO timelines. The changes...
The ruling affirms India’s shift from literal interpretation to a substance-based tax regime. It clarifies that transactions...
Rule 51 limits Indian resident participation in original funds to 5% for specific AIF transfers, while Rule...
Draft Rule 50 provides a formula-based mechanism to attribute income taxed under Section 67(10) to capital assets...
Introduction The taxation of capital gains is one of the most significant components of India’s direct tax...
The Court quashed withdrawal of tax exemption after holding that franchise fees from affiliated schools were only...
The Court held that while duty drawback is not eligible for Section 80-IC deduction, excise and customs...
The Tribunal held that reopening beyond three years was invalid since the alleged escaped income, after considering...
Arulcheyal Kainkarrya Sabha Vs CIT (Exemptions) (ITAT Chennai) The appeals before the Income Tax Appellate Tribunal (ITAT),...
Draft Income-tax Rules 2026 mandate Form 5 for preliminary expense statements under Section 44 and Form 6...
Orissa High Court held that post search operation all pending assessments/reassessments doesn’t not automatically get abated as...
The Tribunal held that the disallowance of share purchase cost under Section 115BBE, arising from alleged bogus...
ITAT Bangalore held that revisionary power u/s. 263 of the Income Tax Act is not justifiable since...
ITAT Hyderabad held only ₹1.24 crore accumulation from A.Y. 1994-95 survives for possible Section 11(3) taxation; earlier...
Supreme Court held that commercial wisdom of Committee of Creditors [CoC] is non-justiciable. Stalling CIRP on account...
Rule 26 clarifies when payments exceeding ₹10,000 in cash will not face disallowance under sections 36(4) and...
ITAT Indore held that Section 249(4)(b) does not apply in reassessment proceedings where no advance tax obligation...
ITAT Raipur held that Section 249(4)(b) applies only where advance tax was legally payable. In absence of...
Rule 25 restricts depreciation to 40% WDV for specified taxpayers opting for concessional tax regimes. The rule...
The High Court quashed an assessment order passed without granting personal hearing despite a written request. It...
The Court ruled that excise duty refund received under an incentive scheme was a capital receipt and...
The High Court dismissed the appeal holding that stock statements forming the basis of overdraft drawing power...
The Court set aside the Section 197 order holding that distribution fees were treated as royalty without...
ITAT Mumbai held that reassessment beyond three years is invalid if approval is not obtained from the...
The assessees long-term capital gains claim was upheld as genuine. In absence of direct evidence linking the...
ITAT Mumbai quashed reassessment beyond 3 years as escaped income was ₹37.76 lakh ( The post Reopening...
Reassessment based solely on investigation inputs about penny stocks was rejected. The Tribunal held that documented transactions...
The Tribunal ruled that reopening beyond three years requires approval from higher specified authorities under Section 151....
ITAT Mumbai deleted ₹6.15 lakh penny stock LTCG addition, holding investigation report and abnormal price rise insufficient...
elying on Supreme Court precedent, the Court upheld ITAT’s finding that reopening based on reappraisal of existing...
The government introduces unified safe harbours, faster APAs, and reduced litigation burdens to enhance certainty for multinational...
Even under the new tax regime, employer contributions to NPS remain deductible under Section 80CCD(2). This reduces...
Budget 2026 introduces a six-month window to regularise undisclosed foreign assets with reduced penalties and immunity under...
The ITAT Bangalore held that penalty under Section 270A for alleged underreporting and misreporting of income could...
Indian tax law taxes not just salary but also perquisites like rent-free accommodation, company cars, and stock...
Budget 2026 replaces certain procedural penalties with fixed fees, aiming to reduce tax litigation and enhance compliance...
The Draft Income-tax Rules, 2026 require salaried taxpayers to disclose their relationship with landlords, enabling enhanced scrutiny...
The Tribunal held that reassessment under Sections 147/148 is invalid when the assessment year is the year...
The Tribunal held that revision under Section 263 is invalid where the Assessing Officer examined records and...
The Tribunal held that cash deposits cannot be treated as unexplained when the bank account is recorded...
The Tribunal ruled that admission of fresh evidence without AOs examination violated procedural rules. The deletion of...
The Tribunal found non-compliance with statutory duties under Sections 250(4) and 250(6). The dismissal on delay alone...
When a scheduled video hearing under faceless assessment is not attended by the officer, the opportunity becomes...
The Tribunal ruled that Section 40(a)(ia) cannot be used to penalize deduction under an incorrect TDS provision...
Budget 2026 introduces the new Income Tax Act, 2025 effective 1 April 2026. The existing law will...
The Court ruled that reopening based solely on an audit objection amounts to change of opinion if...
The AO recorded reasons for escapement without receiving confirmation from the Sub-Registrar. ITAT ruled that absence of...
The ruling emphasized that tax authorities must gather evidence instead of relying on coerced admissions. Additions made...
The Tribunal emphasized that assumptions based on common names cannot justify major tax additions. Without documentary linkage...
Registration was cancelled over doubts about a large NRI donation. The Tribunal held that receipt of donation...
The article analyses proposals to expand tax-free income and rationalise slabs, arguing that higher thresholds would better...
Explains how agricultural income is defined under the Income Tax Act and why it is exempt under...
Tax liability depends on days spent in India, not citizenship. Understanding ROR, RNOR, and NR status determines...
The Tribunal held that reopening beyond three years is impermissible where alleged escaped income is below ₹50...
One of the main ways the government raises money is through taxes, which also have a big...
The High Court granted a second opportunity after finding that assessment orders were passed without reply, as...
High Court held that compensation received for termination of trademark rights in AY 1997-98 was a capital...
The Tribunal upheld penalty for non-filing of return under Explanation 3 but ruled that computation must reduce...
ITAT Amritsar upheld rejection of 12AB registration after finding that only ₹2.51 lakhs out of ₹40 lakhs...
ITAT Delhi ruled that non-response by suppliers to Section 133(6) notices alone cannot justify treating purchases as...
The ITAT Kolkata held that where assessment is completed under Section 143(3), alleged earlier non-compliance with notices...
The Tribunal ruled that undated, unsigned loose sheets lacking independent evidence cannot justify additions under Section 153A....
The Tribunal held that once the return is accepted as valid under Section 139(1), denial of carry...
ITAT held that approval by the Principal Commissioner was invalid where more than three years had elapsed...
ITAT held that a portion of cash paid could reasonably be sourced from accumulated withdrawals from joint...
The Tribunal held that non-filing of Form 10CCB along with return is a curable defect. A genuine...
The Tribunal held that assumption of jurisdiction under Section 153C was invalid due to a defective and...
ITAT Mumbai held that transfer pricing addition made in respect of Letter of Comfort rightly deleted since...
The Tribunal held that acceptance of returned income without examining material indicating possible unaccounted cash investment amounts...
The Tribunal held that the scope of enquiry at the registration stage is limited to objects and...
Observing that the assessee invested the entire share of sale proceeds within two years and obtained possession,...
Booking.com platform earning of commission income is not taxable in India since AO has failed to discharge...
ITAT Mumbai held that securitisation trusts, cannot be assessed as an AOP, are revocable within the meaning...
ITAT Mumbai held that the disallowance under section 14A of the Income Tax Act read with rule...
The Supreme Court upheld the High Court’s ruling that reassessment beyond three years requires sanction under Section...
The Delhi High Court held that reassessment beyond three years requires approval under Section 151(ii). Notices issued...
The Supreme Court dismissed the Revenue’s plea and affirmed that TCS under Section 206C(1C) applies only to...
The High Court held that TCS under Section 206C(1C) applies only to lease or licence holders paying...
The Court held that reassessment proceedings cannot be quashed merely due to factual disputes. In absence of...
The Tribunal held that once depreciation on goodwill is allowed in the first year, it cannot be...
The ITAT held that an assessment and appellate order passed without effective participation, allegedly due to notices...
The High Court held that a reassessment notice issued after expiry of the six-year period under the...
The Court found no merit in interfering with the High Court’s order setting aside a belated reassessment...
The law now taxes debt-heavy funds, MLDs, and certain international products as short-term at slab rates. Investors...
The Supreme Court confirmed that reassessment powers under Section 148 cannot be used to bypass the statutory...
The Court held that reassessment based solely on material seized in a third-party search must proceed under...
The Supreme Court refused to interfere with the High Court’s direction to process Section 10(46) applications. The...
The High Court held that statutory bodies can surrender approval under one exemption provision and seek notification...
The High Court held that failure to pass a reasoned final order on an informant’s reward violates...
Learn how Section 87A rebate works with LTCG u/s 112A under the new tax regime for FY...
Explains how the new tax regime under Section 115BAC impacts higher-income salaried taxpayers, analysing the 25% slab,...
The Tribunal remanded the case after finding that the addition was made solely on Investigation Wing inputs...
The ruling clarified that increased expenditure in one year, by itself, does not permit partial disallowance. The...
The High Court held that quick repayment alone cannot establish a paper transaction when identity, creditworthiness, and...
The draft rules cut down the number of rules and forms significantly through consolidation. This signals a...
This article explains how Section 54EC allows exemption from long-term capital gains through investment in notified bonds....
Revenue argued that control and fixed hours created employment. The Tribunal ruled that such controls ensure discipline...
The issue was how cryptocurrency income is classified for tax purposes. The framework holds that transfers fall...
The Revenue treated cash deposits as unexplained under Section 69A despite matching withdrawals and opening cash balance....
ITAT held that CPC cannot deny charitable exemption under section 11 through section 143(1) adjustment without issuing...
The ITAT held that unsupported DCF valuation could not justify high share premium. The addition under Section...
The Tribunal held that a short delay caused by hospitalisation must be condoned when supported by evidence....
The ITAT condoned a 66-day delay after accepting that the trust was unfamiliar with the income-tax e-filing...
The Court held that an assessee cannot be denied TDS credit or saddled with tax demand when...
The new law replaces dividend-style taxation on buybacks with capital gains treatment. Retail investors now pay tax...
The Finance Bill, 2026 replaces automatic tax-free redemption with strict eligibility conditions. Only original subscribers holding bonds...
The issue highlighted is Budget 2026’s failure to address everyday compliance and procedural problems. The key takeaway...
The Bill retains corporate tax rates while rationalising MAT and offering targeted incentives for IT, cloud services,...
The tribunal held that additions made solely on the basis of a statement recorded from an employee...
This covers how unexplained credits and investments are taxed under Sections 68 to 69D. The key takeaway...
The case involved a penalty for alleged non-disclosure of a foreign bank account. The Tribunal held that...
The ruling held that reassessment proceedings initiated after the permissible period were legally unsustainable. The decision reinforces...
The issue was whether timely issuance was enough when notice was served after limitation. The court held...
Madras High Court held that Tax Recovery Officer doesn t have authority to declare mortgage as void-ab-initio....
The Bill simplifies filings, eases compliance, and boosts certainty. Key takeaways include revised deadlines, MAT changes, and...
The scheme allows eligible taxpayers to disclose undisclosed foreign assets or income with immunity from prosecution. The...
Relying on precedents including rulings of the Delhi High Court, the Tribunal held that extrapolation across years...
The Tribunal held that once business receipts are taxed on an estimated basis, separate additions for payments...
The Budget introduces a new Income-tax Act, eases compliance, and rationalises penalties. The key takeaway is a...
The Finance Bill proposes a sharp increase in the penalty for failing to furnish information. The move...
The Bill proposes halving the tax rate on unexplained income from 60% to 30%. It signals a...
Taxpayers can now seek immunity even where under-reporting arises from misreporting. This is allowed on payment of...
Taxpayers can now seek immunity even where under-reporting results from misreporting. Payment of full tax, interest, and...
Federal cooperatives receive a temporary deduction for dividends earned from company investments made before 31 January 2026....
The Tribunal held that while interest on enhanced compensation was taxable as per settled law, the exemption...
he Bill limits block assessments for other persons to the actual year of undisclosed income. The key...
The Finance Bill, 2026 converts key penalties for audit and reporting delays into mandatory fees. The shift...
The law now proposes a single consolidated assessment-cum-penalty order for under-reporting of income, reducing multiple proceedings and...
The Finance Bill, 2026 proposes to disallow interest deductions against dividend and mutual fund income. From April...
The faceless assessment added all bank deposits as unexplained income without examining the commission-based business structure. The...
The Income-tax portal now allows digital filing of condonation requests for delayed trust forms. The key takeaway...
Industry expects higher exemption limits, revised slabs, and expanded deductions to increase disposable income and improve voluntary...
This session breaks down the major income tax amendments announced in the Union Budget 2026 in a...
This explains how the new law defines “income” using an inclusive approach rather than a fixed list....
This explains how salary income is taxed under Sections 15 to 19 of the 2025 Act. The...
The law mandates successor entities to file modified returns within six months of a reorganisation order. This...
Income-tax attachments can halt business and personal finances. Relief depends on identifying the correct legal trigger and...
The court ruled that delayed filing of Form 10 for income accumulation cannot defeat exemption when substantive...
The tribunal ruled that statements of third parties cannot be relied upon unless the assessee is provided...
The Tribunal confirmed deletion of additions where the AO made no effort to verify consignees, transporters, or...
ITAT Ahmedabad held that addition made on the basis of third-party WhatsApp chat without any incriminating material...
The Tribunal examined whether lease rent and allied charges from an IT Park were business income or...
The issue was whether section 68 could be invoked for alleged on-money payments absent direct evidence. The...
The issue was whether the full value of alleged bogus purchases could be added to income. The...
The Court held that the Revenues challenge failed since the issue had been conclusively decided by the...
The Court held that findings of the appellate authorities clearly established the assessee’s role as a developer....
The issue was whether retention money credited and subjected to TDS accrues as income. SC, noting the...
The issue was whether retention money credited and subjected to TDS accrued as income. The Court held...
The Tribunal held that discounts given to stockists in pharmaceutical distribution are part of sale transactions on...
The Tribunal held that where reassessment is based solely on search material found during a third-party search,...
Following judicial criticism of delayed appeals, officers urged structural reforms to fix institutional gaps rather than penalising...
With repeated technical failures hampering compliance, officers requested formal absolution from blame. The letter emphasizes collective institutional...
The Tribunal held that corpus donations cannot be denied merely due to technical lapses like student collection...
The notification exempts defined categories of income of a legal services authority, while warning that violations may...
ITAT ruled that unverified electronic records recovered from a third party do not constitute reliable evidence of...
The government has approved an institution for scientific research under section 35(1)(ii), enabling donors to claim tax...
ITAT Mumbai held that goodwill arising from slump sale of a going concern is a depreciable intangible...
The Tribunal held that overseas shares acquired from reinvested dividends cannot be taxed as undisclosed assets when...
Courts have held that once TDS is deducted from salary, the employee cannot be asked to pay...
The court held that tax authorities cannot rely on earlier findings already set aside by appellate bodies....
The dispute concerned the correct terminal point for computing six assessment years under section 153C. The Tribunal...
The Tribunal held that revision under section 263 is invalid where the Assessing Officer has already conducted...
The ruling clarifies that mere reproduction of third-party information alleging disproportionate assets is insufficient. The Assessing Officer...
The Tribunal noted that no construction investment occurred during the year under appeal. Accordingly, no addition for...
It was ruled that under-reported revenue cannot be inferred solely from service tax data when no defects...
Tribunal held that unsecured loans cannot be treated as unexplained where confirmations, bank statements, and tax returns...
It was ruled that reassessment proceedings must be initiated only through the faceless mechanism after the CBDT...
The Tribunal held that a penalty order issued after the death of the assessee is void ab...
The Tribunal emphasized that the assessee had no individual business in electronic goods. In the absence of...
Upholding the appellate order, the Tribunal ruled that section 68 applies only to credits of the relevant...
Coca Cola India Inc. Vs DDIT (ITAT Delhi) ITAT Delhi held that final assessment order passed beyond...
Delhi High Court held that an employee cannot be denied TDS credit due to the employer’s default...
The court addressed a demand arising from automated processing that led to double disallowance of expenses. It...
The Delhi High Court held that review jurisdiction is limited and cannot be used to reargue decided...
The issue examines how presumptive taxation is consolidated under Section 58. The key takeaway is that structural...
The issue concerned valuation of royalty for bundled services. ITAT held that faulty comparables vitiated the CUP...
The issue concerns prolonged rectification and recovery pressures. The proposal seeks strict timelines, deemed approvals, and automatic...
The issue was whether revision could be invoked during a pending appeal. ITAT held that PCIT lacks...
ITAT Chandigarh Strikes Down Section 147 Proceedings Based on Uncorroborated Third-Party Excel Sheet
ITAT Chandigarh Strikes Down Section 147 Proceedings Based on Uncorroborated Third-Party Excel Sheet
The issue was whether reassessment initiated by the Jurisdictional AO was valid. The Tribunal held the notice...
ITAT held that share capital additions cannot rest on an inspector’s report not shared with the assessee....
ITAT held that Section 68 cannot be invoked where donors are identified with names, PAN, ITRs, and...
Section 194T introduces a flat 10% TDS on partner remuneration and interest, sharply reducing monthly liquidity for...
The Tribunal ruled that additions based only on presumptions and low income of subscribers are invalid. Proper...
The Tribunal ruled that payments made directly to truck drivers, and not transporters, fall outside Section 40A(3)...
The Tribunal held that a Section 54 exemption can be claimed in a reassessment return if it...
The case examined additions made in Section 153C assessments based on third-party search material. The Tribunal ruled...
The issue was whether reassessment is valid when reasons for reopening are not placed on record. The...
This explains how different securities are taxed under Indian income-tax law. The key takeaway is that asset...
The Tribunal condoned a 506-day delay after accepting that the appeal was filed only when heavy penalty...
The issue was whether third-party diaries and loose papers could establish receipt of unaccounted income. The Tribunal...
This ruling clarifies that an assessee can be treated as an agent of a non-resident only if...
The Tribunal examined whether prior approval under Section 153D was granted after due application of mind. It...
It was ruled that deciding appeals based on facts of another year is a serious legal error....
The tax department has begun emailing taxpayers about pending demands shown on the portal. This explains why...
Income Tax Department was directed to encash the Demand Draft, confirm the sale, and issue the Sale...
The issue was whether a trader declaring income under Section 44AD could face additions for unexplained cash...
The Tribunal held that NFAC had no authority to pass reassessment orders before the faceless reassessment notification...
It was ruled that interest for late filing of the original return can be computed based on...
The Tribunal ruled that exemption for charitable trusts cannot be denied merely due to belated filing of...
This ruling clarifies that repayment of loan with interest, coupled with documentary proof, negates allegations of unexplained...
Relying on Supreme Court precedent, the Tribunal held that the IBC has overriding effect over the Income-tax...
The Tribunal held that a reassessment notice issued to a company already struck off from the ROC...
Applying judicial relief on Section 115BBE, the remaining tax demand fell below the prescribed threshold. The ruling...
The Tribunal ruled that purchases cannot be treated as bogus merely because suppliers did not reply to...
The Tribunal ruled that cash deposited during demonetisation came from genuine business sales already offered to tax....
The Tribunal held that documented WhatsApp communications established counsel’s negligence and the assessee’s due diligence, justifying condonation...
The ITAT held that once a resolution plan is approved under the IBC, income-tax proceedings cannot continue....
This article outlines major direct and indirect tax expectations from Budget 2026–27. The key takeaway is a...
The Budget is expected to further rationalise import duties to offset high metal prices and strengthen global...
The addition was set aside as no cash was found, traced, or shown to be received by...
Payments to AwasBandhu were allowed as application of income. The Tribunal held such statutory contributions further public...
The Tribunal held that cash advances/on-money received for an ongoing real estate project cannot be taxed before...
The Tribunal held that wrist watches are valuable articles covered under Section 69A, and additions made under...
The Tribunal held that an enforceable agreement to sell, supported by advance consideration, constitutes transfer under Section...
The Court upheld deletion of a major addition, holding that valuation under Section 56 must follow the...
The Tribunal examined whether a single satisfaction note could sustain reassessment proceedings for multiple years under section...
The Tribunal held that inadvertent mistakes in filing Form 10AB cannot defeat a trust’s right to exemption....
The Tribunal found that full construction cost was not proved with evidence. However, a reasonable ad-hoc allowance...
The Tribunal held that reassessment cannot survive when no addition is made on the very issue for...
The case examined whether an appeal dismissed as withdrawn under the Vivad Se Vishwas Scheme could survive...
The addition under Section 69 was remanded as the assessee claimed the source through rotation of funds....
The Tribunal held that reassessment notices issued after 01.04.2021 for AY 2015-16 are time-barred. Such reopening is...
The court held that additions for excess stock and cash cannot be sustained when based solely on...
Holding that actions prescribed by statute must be performed only in the specified manner, the Tribunal deleted...
The tribunal held that dismissal for delay and confirmation on merits without effective hearing violated principles of...
The Court held that sanction for reopening was taken under the wrong statutory provision. As a result,...
The Tribunal upheld taxation of enhanced compensation and interest under land acquisition after insertion of section 56(2)(viii)....
The Tribunal found that estimating agricultural income solely on standard yield figures ignores real-world farming variables. The...
The Tribunal examined whether provision for salary arrears arising from the Sixth Pay Commission was contingent or...
The Tribunal ruled that VAT collected but not credited to the profit and loss account cannot be...
The issue was whether reassessment remains valid when no Section 143(2) notice is issued after a return...
The Tribunal held that when the Assessing Officer disagrees with FMV supported by a registered valuer, a...
The core issue was whether lack of knowledge of proceedings justified late appeals. The Tribunal held that...
The Court ruled that omission to issue Section 143(2) vitiates reassessment at the root. Such a defect...
The Court held that Section 197 applications cannot be rejected mechanically to “protect revenue.” Mandatory factors under...
The High Court held that long-held, undeveloped land sold by the assessee gave rise to capital gains....
The Supreme Court upheld rejection of treaty benefits where transactions were prima facie designed to avoid tax....
The dispute concerned late filing of an audit report triggering penalty under section 271B. The Tribunal accepted...
While an error in computation was acknowledged, prejudice to Revenue was not established. The Tribunal quashed the...
The case examined whether entire purchases could be treated as bogus when sales were undisputed. The Tribunal...
Recognizing the nature of the manufacturing business and accepted sales, the Tribunal scaled down the disallowance. The...
The Tribunal clarified that expenditure disallowances do not qualify as assets under section 149(1). Without asset-based escaped...
Judicial rulings clarify that Section 54 focuses on timely investment of capital gains, not rigid legal ownership...
The Tribunal held that interest from bank fixed deposits lacked a direct nexus with credit facilities. Deduction...
The Tribunal held that reopening based solely on third-party information without independent application of mind is invalid....
The Tribunal held that no commission income can arise from circular transactions within group entities. Additions based...
The dispute centered on whether indexation could be claimed on a factory building sold along with land....
The Tribunal held that an appeal cannot be dismissed for non-prosecution and must be decided on merits....
The issue was whether appeals could be decided ex parte without examining merits. The tribunal held that...
The Tribunal held that AMC services and marketing support services could not be aggregated for transfer pricing...
The Tribunal set aside the confirmed penalty where non-filing of return was attributed to medical reasons. The...
The Tribunal set aside rejection of registration due to partial documentation and remanded the matter for fresh...
The Tribunal remanded additions based on excess bank credits for factual reconciliation, granting another opportunity subject to...
The tribunal held that an ex parte assessment involving large unexplained bank credits required fresh adjudication. The...
The case examined whether an appellate authority could set aside an ex-parte reassessment. The tribunal held that...
The court upheld the quashing of a reassessment notice where the reasons were based on vague portal...
Court held that reopening of assessment based solely on vague information from Insight Portal, without a live...
Tribunal held that TDS liability under section 194-IA cannot arise unless Revenue proves that payment was actually...
The Tribunal held that reassessment proceedings initiated after the statutory limitation period were invalid. Following the Supreme...
The Tribunal held that an addition based solely on third-party search material without corroboration is unsustainable. With...
The Tribunal examined whether a creditor’s unilateral write-off automatically results in cessation of liability for the assessee....
The ruling clarified that exemption under section 54F cannot be denied if it was not part of...
Recognising the role of a Kaccha Arhtia, the Tribunal ruled that only commission constitutes income. TDS deducted...
The Tribunal examined whether a large consultancy payment was allowable when the assessee failed to establish its...
The assessing authority made a large addition without explaining its nature or legal basis. The Tribunal ruled...
The Tribunal observed that the transfer pricing adjustment was based on unexplained margin calculations. A fresh working...
Taxpayers are facing revival of decades-old demands without prior notice or service of orders. The key takeaway...
The Tribunal held that reopening completed scrutiny assessments beyond four years is invalid when reasons do not...
The Tribunal held that reassessment notices issued by the jurisdictional officer violated the mandatory faceless regime under...
The Court found that the explanation regarding dividend income was on record but not examined. Reopening based...
High Court quashed the adjustment made in the intimation under Section 143(1) disallowing deduction under Section 10B...
It was held that sale consideration from trust property, when donated to charitable institutions, cannot be taxed...
The issue was whether bank credits already offered as income in an HUF’s return could again be...
Additions were made solely because the trust failed to submit details during assessment and appeal. ITAT set...
ITAT held that Section 153C cannot be invoked where the satisfaction/hand-over date is after 01.04.2021, quashing multiple...
The Tribunal held that unexplained cash credit addition cannot survive once identity, genuineness, and creditworthiness are established...
This article explains why agricultural income lies outside the Income-tax Act and how constitutional provisions grant exclusive...
The new Income Tax Act, 2025 reshapes compliance from 1 April 2026 without changing tax rates. Businesses...
The Tribunal held that delayed responses to statutory notices do not attract penalty when full compliance is...
Tribunal held that cash found and seized cannot be treated as unexplained when it is fully reflected...
The Tribunal held that for years where assessments were already completed, additions under Section 153A cannot survive...
The Tribunal held that interest on income-tax refund is taxable in the year of receipt and qualifies...
The case examined whether short delays in filing mandatory exemption forms during the pandemic could be condoned....
The Tribunal held that a deduction cannot be disallowed merely due to delayed filing of Form 10CCB...
The Court held that employees cannot be held liable for TDS non-deposit when the employer deducts it....
The issue was whether cash deposited during demonetisation could be treated as unexplained. The Tribunal held that...
The Tribunal held that amendments to Section 11 cannot retrospectively curtail the utilization window for earlier accumulations....
The Tribunal upheld restriction of disallowance where interest-free funds were higher than tax-free investments. It reaffirmed that...
The Tribunal held that when interest-free funds exceed exempt-income investments, no interest disallowance under Section 14A can...
The courts held that when depreciation on goodwill is allowed after detailed examination, the assessment cannot be...
Authorities cannot insist on adding an irrevocable clause in trust deeds for Section 12A renewal when the...
Capital gains exemptions on property sales often lead to litigation due to Section 54 timelines and unclear...
The issue was whether revision could stand on incorrect factual assumptions. ITAT held that misreading records makes...
The issue was whether additions can rest on seized loose sheets termed as dumb documents. The Tribunal...
The issue was a 44-day delay in filing Form 10B by a charitable trust. The Court held...
The issue was whether reassessment could proceed without disposing of objections to recorded reasons. The Court held...
The Court examined rejection of condonation for delayed e-filing despite acceptance of related delays. It ruled that...
The issue was whether reassessment notices issued after the permissible surviving period were valid. The Court held...
The issue is when High Courts can entertain appeals against ITAT orders. The key takeaway is that...
The government notified a settlement guarantee fund for income-tax exemption under Section 10(23EE). The benefit applies from...
The Court set aside a 3.5% TDS certificate after the PE finding relied upon by the Revenue...
While search proceedings were still pending, the Court permitted release of seized jewellery and cash after petitioners...
Gujarat High Court held that reopening of assessment u/s. 147 of the Income Tax Act solely on...
The ruling clarifies that specified sum under section 269SS refers to advances linked to property transfers. Cash...
It was ruled that speculative losses from non-genuine share transactions cannot be adjusted against interest income. The...
Exemption was curtailed because the auditor reported application from past accumulations. The Tribunal ruled CPC acted correctly...
The matter was sent back as the appellate authority did not examine the plea for allowance in...
Where compensation and interest are deposited under judicial custody due to a pending appeal, no real income...
It was held that transport charges cannot be disallowed when PAN-based TDS, ledger matching, and banking trails...
The tribunal rejected demand raised solely due to Form 26AS mismatch caused by employer non-deposit of TDS....
The reopening relied on a bank account number that did not match the account from which transactions...
The Tribunal ruled that minor delay in filing Form 10AB cannot justify rejection when law permits condonation....
The Tribunal held that section 69C cannot be invoked when expenditure is recorded in books and its...
The issue was whether a second reassessment could be initiated on the same facts already examined earlier....
The representation highlights large-scale pendency and administrative bottlenecks under Sections 12AB and 80G, urging immediate reforms to...
The new Income Tax Act, 2025 renames charitable and religious entities as Registered Non-Profit Organisations and consolidates...
Courts have ruled that notices or orders issued by a Jurisdictional AO under the faceless regime are...
ITAT Hyderabad held that notices under Section 148 issued on 01.04.2021 without following mandatory Section 148A procedures...
The issue was whether an assessment could be reopened after four years. The Court held that full...
The court held that reopening beyond the permissible period was invalid where full disclosures were made and...
The Tribunal held that earning income as a percentage of hospital turnover is commercial, not charitable. Section...
The tribunal ruled that Section 50C could not apply because the DVO’s valuation ignored the impact of...
ITAT Hyderabad held that the final assessment order passed by the A.O. u/s. 143(3) r.w.s. 144C(13) r.w.s....
ITAT Hyderabad held that matter of TP adjustment of purchase of raw materials, assembling parts and sale...
The article breaks down salary components such as basic salary, allowances, and perquisites. It highlights which parts...
This calendar lists all major statutory filings due in January 2026 across GST, Income Tax, SEBI, FEMA,...
The Tribunal held that reassessment proceedings fail when the foundational assumption behind reopening is factually incorrect. It...
Explains why TCS under section 206C(1G) applies to overseas remittances and tour packages. The key takeaway is...
The High Court held that prosecution was invalid because the officer who filed the complaint lacked authority...
The Tribunal held that the tax department cannot substitute actual sale consideration with a notional market price...
The Tribunal upheld addition of demonetisation cash deposits after rejecting the claim that funds came from old...
The Tribunal found the appellate order mechanical where Rule 46A evidence was filed but not examined. The...
The dispute concerned how aggregate average advances should be computed for bad debt provisions. The Court held...
The Delhi High Court held that a draft assessment order issued against a company that had ceased...
The SC upheld the ITAT’s ruling that fresh assessments were barred by limitation since the Assessing Officer...
The Court dismissed the appeal, holding that reassessment was justified as the original order contained no reference...
The Court set aside reassessment proceedings after finding that the assessing officer failed to verify whether cash...
The High Court set aside an order rejecting release of seized jewellery after finding it was passed...
The issue was whether foreign exchange fluctuation loss recorded at year-end was notional and disallowable. The Tribunal...
The issue was whether the entire Section 80JJAA deduction could be rejected when some employees failed the...
The Tribunal examined whether agricultural land qualified as a non-capital asset and upheld taxation after finding it...
The Court held that reassessment was invalid where deduction under Section 80P(2)(d) was lawfully claimed by a...
The dispute concerned profits alleged to arise from non-genuine option trades. The Tribunal held that reassessment failed...
The Court ruled that expenses on replantation and upkeep are revenue in nature and eligible for deduction....
The court held that deductions under Sections 80-IA and 80-HHC can be claimed simultaneously, subject only to...
The Revenue made additions on alleged penny-stock transactions under section 68. The ITAT held that once section...
The issue was whether alleged negative stock justified profit estimation. The Tribunal held that value-based assumptions using...
Learn how marginal relief prevents disproportionate tax liability when your income slightly exceeds a surcharge threshold, ensuring...
The Supreme Court ruled that payments made to prevent competition, even if providing enduring business benefits, are...
The Tribunal held that depreciation claims requiring factual verification cannot be disallowed through prima facie adjustments under...
The Tribunal held that restricting TDS credit at the CPC stage is unsustainable when Form 26AS supports...
The Tribunal held that cash deposits cannot be treated as unexplained income unless books of account are...
The Tribunal held that sanction for reopening beyond four years must be granted by the specified higher...
The new Bill restructures and rewrites the tax statute to make it shorter, clearer, and easier to...
SEO Description: Explains which gifts qualify for exemption based on the statutory definition of “relative” and why...
The issue was whether late-fee under Section 234E could be levied while processing TDS returns before 01-06-2015....
Chennai ITAT set aside the PCIT’s revision order under Section 263, confirming that when the AO adopts...
The High Court dismissed the appeal after holding that the Tribunal’s findings on intra-group services raised no...
Delhi High Court held that internal disputes among company directors do not justify condonation of delay in...
ITO Vs Srichand Mandhyan (Supreme Court of India) Supreme Court considered a Special Leave Petition challenging an...
Bombay HC held that reassessment notices issued with sanction under an incorrect statutory provision are invalid, leading...
The Tribunal ruled that payments for IPL and MPLS bandwidth services do not constitute royalty under section...
Buyers of property from Non-Residents must deduct TDS under Section 195, with rates up to 30% for...
The Tribunal held that TCS credit cannot be denied when tax was collected from the assessee, even...
The Tribunal ruled that a mere disallowance of depreciation, with full disclosure of facts, does not attract...
ITAT Jaipur held that withdrawing approval under section 10(23C)(vi) of the Income Tax Act not justified in...
The Department is flagging possible non-disclosure of foreign assets for AY 2025-26 using global data. The key...
ITAT Jaipur held that penalty orders under section 271D and 271E of the Income Tax Act passed...
Gujarat High Court held that reopening of assessment under section 148 of the Income Tax Act is...
ITAT Hyderabad held that invocation of revisionary jurisdiction under section 263 of the Income Tax Act unsustainable...
The tribunal ruled that ignoring a valid adjournment request vitiates ex-parte assessment and appellate orders. The is...
ITAT Raipur remands bogus purchase disallowance for a rice miller, awaiting the High Court’s ruling. The case...
Revenue challenged deletions of additions in a scrutiny assessment, highlighting procedural lapses under Rule 46A. Tribunal remitted...
The Tribunal upheld CIT(A)’s deletion of Rs. 10,00,059/- as the addition was based solely on uncorroborated third-party...
Tribunal rules that procedural delay in filing Form 10B does not bar exemption under sections 11 and...
Delhi ITAT remands the case to CIT(A) for fresh adjudication after ex-parte dismissal. Tribunal emphasized that sufficient...
The Tribunal upheld the addition because the assessee could not prove the creditor’s identity, financial capacity, or...
The Tribunal held that deductions for donations cannot be denied due to later retrospective withdrawal of approval....
ITAT upheld deletion of ₹3.31 crore addition under Section 69, noting full disclosure of foreign assets and...
ITAT upheld rejection of books under Section 145(3) due to incomplete records but reduced estimated net profit...
The Tribunal held that the assessee proved substantial upgrades to a semi-constructed house using bills and contractor...
The Tribunal refused to condone a 441-day delay, ruling that failure to monitor appeal filing cannot constitute...
The Tribunal held that the assessment was void because jurisdiction shifted between officers without a mandatory transfer...
Most income tax notices involve minor mismatches or routine verification and can be resolved by submitting clarifications...
Explains how gratuity exemptions differ for government, private, and Gratuity Act–covered employees. Key takeaway: exemption is capped...
Court held that exemption under Section 10(23BBA) applies only to bodies constituted under State enactments, not to...
Court held that dividend remains income of the shareholder and DDT is an additional income tax covered...
The Gujarat High Court held that information seized from a third party without a direct nexus to...
The Tribunal held that late filing of Form 10-IC does not bar concessional tax benefits under Section...
Tribunal clarified that the Section 251 amendment uses the term ‘may set aside,’ meaning it is discretionary....
The Court held that the tax authority wrongly dismissed a delay condonation plea without considering the assessee’s...
Assessments on foreign-sourced income were deleted after the ITAT confirmed the assessee’s Non-Resident status under Explanation 1(a)...
Tribunal condoned a 111-day delay citing sufficient cause and held that rejection of 12AB registration without effective...
The Tribunal overturned the dismissal of the appeal for lateness and allowed a full reconsideration of the...
The ITAT held that issuance of Section 148 notice by a Jurisdictional Assessing Officer instead of a...
Punjab & Haryana High Court remands petitions for reconsideration, directing authorities to reassess educational institutions’ eligibility for...
The Tribunal dismissed the income tax appeal after the assessee formally requested withdrawal. The ruling confirms that...
Government initiatives under PMLA and Black Money Act target undisclosed crypto income, enhancing monitoring, enforcement, and compliance...
The ITAT held that a penalty under section 271(1)(c) cannot survive once the underlying quantum addition is...
ITAT Chennai held that a notice issued u/s 148 by the Jurisdictional AO after 29.03.2022 violates the...
ITAT Kolkata deletes ₹7.84 crore addition on F&O and currency-derivative losses as AO relied solely on a...
Tribunal remands ₹88 lakh disallowance of long-term service award to the AO for fresh verification as employee-wise...
The Revenue relied on third-party statements and WhatsApp data to allege an unrecorded ₹25 crore cash loan,...
Supreme Court dismissed the challenge, leaving intact the High Court ruling that registration under Section 12AA could...
Tribunal condoned a 938-day delay after finding that the appeal was incorrectly dismissed as withdrawn under VSVS....
Explains how Section 113 mandates surcharge on undisclosed income despite missing references in earlier Finance Acts. Clarifies...
ITAT Lucknow restored the reassessment u/s 147 after holding that CIT(A) misread the AO’s findings and wrongly...
Learn why hospitals must issue proper certificates under the Income-tax Act and how they impact deductions under...
The Tribunal remanded the sustained cash deposit addition after accepting additional evidence. It directed the CIT(A) to...
Covers the Act’s simplification, digital integration, and restructured chapters, highlighting how compliance becomes clearer and more taxpayer-friendly....
The Tribunal held that the AO’s rejection of books under Section 145(3) was unsustainable as no specific...
The Tribunal held that the Section 148 notice issued by the jurisdictional officer instead of the faceless...
Explains when food and hospitality expenses qualify as business deductions and outlines the tests under Section 37(1)...
The Tribunal annulled the reassessment after finding that both the notice and order were issued to a...
Analyses how multiple ITAT rulings extend the enhanced ₹25-lakh exemption to earlier years, treating CBDT’s notification as...
The ITAT concluded that non-compliance with faceless procedure under Section 151A renders Section 148 notices invalid, nullifying...
The Tribunal held that exemption under section 11 cannot be denied solely for delayed uploading of Form...
The Tribunal observed that identity, creditworthiness, and genuineness were proven through confirmations, returns, and banking trails, and...
%%category%% Tribunal held that addition for alleged accommodation entry could not stand where AO made no independent...
%%category%% ITAT Bangalore set aside reassessment orders for AY 2015-16 to 2017-18, ruling that failure to issue...
%%category%% The Tribunal held that the revisionary order was invalid because the authority failed to demonstrate how...
%%category%% ITAT quashed reassessment notice issued by Jurisdictional AO instead of Faceless AO. Addition of ₹29.69 crore...
%%category%% The Tribunal held that an order rejecting condonation under Section 119(2)(b) cannot be appealed under Section...
%%category%% The Tribunal held that purchase from a State Government entity cannot be undervalued, deleting Rs. 6.59...
%%category%% The Bombay High Court held that a reassessment notice issued under Section 148 on 5th April...
%%category%% The Tribunal upheld the deletion of alleged on-money additions, holding that similar additions had already been...
%%category%% The Supreme Court’s judgment highlights that strict compliance with the original Form 10-IC deadline is essential...
%%category%% ITAT Chandigarh held that Rs. 12 lakh cash deposits during demonetization, received from members of a...
%%category%% Supreme Court dismissed petition, confirming that a college with valid 12AA registration is eligible for 80G...
Professional and technical advisory services rendered from India to foreign clients in connection with overseas securities offerings...
Delhi ITAT cancels ₹22 crore tax addition based solely on WhatsApp chats from another phone, reaffirming privacy...
Delhi ITAT cancels ₹22 crore tax addition based solely on WhatsApp chats from another phone, reaffirming privacy...
Tribunal holds that when unlisted shares are sold above the prescribed fair market value, Section 50CA does...
ITAT rules that assessments under section 144 without proper section 148 notice are void when returns are...
Explains how Indian residents must disclose jointly held foreign accounts based on beneficial ownership, clarifying Schedule FA...
ITAT held that most jewellery seized during a search could be accounted for from declared drawings and...
Explains how cross-border payments are classified as business profits or royalty/FTS and highlights why contract substance—not invoice...
The Tribunal held that notices and assessment orders in the name of a deceased person have no...
High Courts have ruled that ITC cannot be denied to buyers with valid invoices even if the...
Supreme Court condoned a 524-day delay after noting inefficient internal procedures and repeated scrutiny steps. The ruling...
The ITAT found the AO’s valuation incorrect, emphasizing that FMV must be determined on the date of...
Karnataka High Court quashed several notices, assessment orders, and bank garnishments issued under sections 148A, 147, 156,...
The Tribunal directed AO to compute Section 14A disallowance only for investments generating exempt income, following Rule...
Explains the centralization of digital platforms, surveillance powers, and opaque governance. Key takeaway: citizens have limited oversight...
The Court held that amounts paid under protest before assessment must be considered when calculating the 10%...
The Tribunal held that Section 87A contains no exclusion for long-term capital gains and allowed the rebate...
The Bombay High Court ruled that the CIT cannot exercise revision powers under Section 263 when the...
The court reaffirmed that reassessment notices under Section 148 must be issued via the CBDT-prescribed automated system....
The Gujarat High Court restrained the Assessing Officer from passing a final order under Section 148, citing...
Explains the key differences in slabs, deductions, and rebates, highlighting when each regime reduces tax liability. The...
Breaks down India’s transfer pricing framework, recent amendments, and judicial trends, highlighting how the arm’s-length principle is...
Explains key tax slab changes, rebate expansion, and compliance simplifications that significantly benefit salaried and middle-income earners....
The Court held that a genuine mistake caused by a misprint in a widely used tax publication...
The Tribunal found no proof that the trust spent funds on a specific community. The matter was...
The Tribunal held that TDS credit cannot be denied when Form 16 confirms deduction and deposit of...
The Court held that a reassessment notice issued to an entity that had ceased to exist after...
Raipur ITAT remanded the section 68 addition of ₹14.3 lakh, observing that NFAC/CIT(A) failed to examine confirmations,...
The government has authorised all non-rural branches of 19 banks to operate Capital Gains Account Scheme accounts,...
The amendment introduces electronic payment modes for capital gains deposits and clarifies the effective date of deposit....
The Tribunal held that penalty under Section 271DA cannot be imposed when the assessment order lacks recorded...
Tribunal upheld hawala and import undervaluation violations but significantly cut penalties for Dr. Manoharan and NTPL, fully...
Delhi ITAT rules that reduction in percentage shareholding due to fresh share issuance is not a transfer...
ITAT held that the assessee’s long-standing change of address constituted reasonable cause for late filing and remanded...
ITAT Indore held that the order under section 127 of the Income Tax Act made out by...
The Tribunal upheld the CIT(A)’s findings after noting the assessee produced no evidence to counter verified disallowances....
Tribunal held that the AO had validly recorded dissatisfaction with the assessee’s 14A working and rightly invoked...
Learn when and how sellers of overseas tour packages must collect TCS from buyers, including exemptions, applicable...
ITAT Mumbai dismissed a tax appeal due to a 1,370-day delay, ruling that reliance on a tax...
The Court held that a Section 148 notice issued by the Jurisdictional Assessing Officer instead of the...
The ITAT Mumbai held that Section 263 cannot be invoked when the Assessing Officer has taken a...
Gujarat High Court rules that reopening assessments using information from third parties without direct evidence linking the...
Learn the scope, time limits, and procedure for correcting mistakes apparent from records under Section 154, including...
High Court ruled that a writ challenging an order under Section 148A(d) is maintainable even when statutory...
The ruling explains strict compliance requirements for specified domestic transactions, including maintaining detailed documentation for eight years....
Understand Section 54 relief for long-term capital gains on sale of a residential house, conditions for reinvestment,...
Learn how direct taxes can be paid electronically, who must use e-payment, available payment modes, challan types,...
Get a comprehensive overview of dividend taxation after the shift to the classical system. Covers TDS obligations,...
ITAT held that the AO’s verification of seized material, statements, and bank records constituted proper enquiry. Key...
ITAT Delhi applied the principle that if the foundation (quantum addition) is removed, the superstructure (penalty) collapses....
Explains how timing, family LRS limits, and NRO remittances can legally prevent the 20% TCS on foreign...
ITAT Chandigarh held that a Section 148 notice issued by the Jurisdictional AO instead of Faceless AO...
Explains when co-operative societies providing credit to members can claim full deductions under section 80P(2)(a)(i) despite having...
The tribunal ruled that Section 54 benefits apply to property purchased abroad before AY 2015-16, reversing the...
Tribunal reviewed onion cultivation expenses claimed at 21% of gross receipts and found CIT(A)’s 35% estimate excessive....
ITAT restored penalties under Sections 271AAC and 270A after noting CIT(A) dismissed appeal without hearing assessee. Case...
The Tribunal held that the CIT(A) cannot dismiss an appeal for non-prosecution and must decide on merits....
ITAT Agra held that entire TDS deducted on maturity of bond is allowable since assessee has already...
Understand TDS on cash withdrawals under Section 194N, including thresholds, rates, compliance rules, exemptions, penalties, and filing...
Gujarat High Court ruled that reassessment beyond four years is invalid when no new material or failure...
Gujarat HC quashed a Section 148 notice issued after permissible surviving time, ruling it time-barred under Supreme...
The ITAT Nagpur set aside an addition made under Section 40(a)(ia), holding that non-deduction of TDS on...
The Tribunal held that a partner can claim deductions for travel, depreciation, and similar expenses from remuneration...
The Tribunal held that the assessee’s income tax return for AY 2013-14 was filed within the permissible...
The Madras High Court condoned delay in ITR filing, holding that refund claims must be allowed if...
The Bombay High Court held that communication of an ITAT order to a Chartered Accountant does not...
The ITAT held that approvals granted under Section 153D without genuine application of mind are invalid, quashing...
The Tribunal ruled that penalties under Section 43 of BMA cannot be imposed for bona fide reporting...
Delhi High Court directed payment of ₹ 36.85 lakh plus interest after Income-Tax Department delayed acting on...
The Delhi High Court held that reassessment under Section 153C cannot exceed the ten-year block calculated from...
The ITAT Mumbai held that income already taxed in the hands of a trust cannot be taxed...
Delhi High Court set aside notice under Sections 148A(3) & 148 when petitioner’s objections and documents were...
SC clarified that a trust’s 12AA registration isn’t enough to claim 80G benefit; the nature of its...
Section 56(2)(viib) taxes excess share premium received by closely held companies over fair market value, except in...
The Jammu and Kashmir High Court set aside ITAT and CIT(A) orders denying J&K Bank refund interest...
ITAT Hyderabad condoned a 290-day delay in filing an appeal, accepting that the order was sent to...
The Tribunal reduced unexplained cash deposit addition from Rs.11.59 lakh to Rs.2.59 lakh, noting both the taxpayer...
ITAT Ahmedabad held settlement payments in foreign civil cases are deductible under Section 37(1) as compensatory, not...
Once the order of ITAT had attained finality on factual aspects and assessee had discharged the entire...
Once an appellate authority like the Commissioner (Appeals) or the ITAT deleted a tax addition and assessee’s...
This guide explains common reasons for ITR delays, including mismatches, pending demands, and verification checks, and outlines...
Delhi High Court held that reassessment proceedings for AY 2014–15 were time-barred and quashed notices and orders...
ITAT Delhi emphasized that Revenue must present convincing evidence of fraud or economic substance absence to deny...
Learn about the tax treatment of key retirement benefits in India, including gratuity, pension, leave encashment, provident...
Issue of taxability of ex-gratia payment to be decided based on identical judgement: Matter remanded
Issue of taxability of ex-gratia payment to be decided based on identical judgement: Matter remanded
ITAT Pune held that issue of taxability of ex-gratia payment to be decided based on identical judgement...
Karnataka High Court held that notice under section 148 of the Income Tax Act issued and served...
AO had added ₹11,38,000/- towards the amount paid to a builder — ₹8,00,000/- by cheque & ₹3,38,000/-...
Notification 157/2025 sets 1% tolerance for wholesale trading and 3% for all other cases for Arm’s Length...
Additions of unsecured loans were sustained where creditworthiness was not proved, and relief upheld only for creditors...
Reassessment notice u/s. 148 quashed as issued after expiry of limitation period prescribed u/s. 149
Reassessment notice u/s. 148 quashed as issued after expiry of limitation period prescribed u/s. 149
Karnataka High Court held that issuance of reassessment notice under section 148 of the Income Tax Act...
The ITAT Chennai allowed a charitable trust to rectify its mistake of applying for provisional 80G registration,...
The Delhi High Court set aside the second Section 148 notice, ruling it was time-barred and constituted...
Chhattisgarh High Court dismissed Revenue’s appeal, ruling that an existing and operational registration under Section 12AA makes...
The ITAT Mumbai deleted the penalty imposed on Bharatkumar Jaishinh Soni, ruling that his claim for full...
The ITAT Ahmedabad remanded the addition of ₹1.77 Cr as unexplained cash credit, directing the Assessing Officer...
Bombay High Court held that assessee couldn’t be put to considerable disadvantage due to belated advice given...
ITAT Pune reaffirmed that 15% accumulation permitted under Section 11(1)(a) must be computed on gross receipts. Revenue’s...
ITAT sustained PCIT’s revisional order under Section 263, ruling that AO’s mechanical acceptance of a low profit...
Pune ITAT significantly reduced Section 14A disallowance, ruling that administrative expenses relating to a proprietary concern with...
The High Court set aside the ex-parte assessment and appeal order, granting the partnership firm another opportunity...
The Karnataka High Court set aside the ex-parte reassessment (u/s 147 and 144) because all preceding notices...
The Karnataka High Court set aside the reassessment (u/s 147 and 148) because the jurisdictional AO issued...
The Karnataka High Court set aside the reassessment notices (u/s 148A and 148) because the jurisdictional AO...
The Karnataka High Court set aside the reassessment proceedings, including Section 148A and consequential penalty orders, ruling...
The Karnataka High Court set aside the ex parte assessment, penalty, and demand orders passed under Sections...
The Karnataka High Court struck down an Income Tax attachment under Section 281B because the property was...
ITAT Bengaluru held that cancellation of charitable registration under Section 12AB(4) cannot operate retrospectively for years prior...
The Kolkata ITAT deleted a Rs.31 crore unexplained cash credit addition under Section 68 on the sale...
Learn about Permanent Account Number (PAN), its structure, mandatory usage, eligibility, linking with Aadhaar, application process, penalties,...
ITAT Delhi deleted a ₹45.69 lakh disallowance made by CPC under Section 43B for unpaid GST/Service Tax....
Know about TAN under Section 203A of the Income Tax Act—its purpose, applicability, application process, forms, penalties,...
Understand the provisions of tax audit under Section 44AB of the Income Tax Act, including its objectives,...
Supreme Court ruled that High Court erred by dismissing Revenue’s appeal based only on old precedent without...
Karnataka High Court held that a reassessment notice issued on 7 May 2024 for AY 2017–18 was...
ITAT Chennai set aside the rejection of an 80G registration application, holding that the prescribed timelines are...
ribunal held that a delayed application filed after the CBDT deadline could be treated as filed under...
ICAI proposes tax reforms for Union Budget 2026-27 to enhance ease of doing business and sustainability. Suggestions...
Section 251 grants CIT(A) co-terminus powers with the AO to confirm, reduce, or enhance assessment. However, Supreme...
ITAT ruled that the sale of a commercial property after six years due to prolonged vacancy and...
ITAT Mumbai held that a penalty under Section 271(1)(c) was premature when the related quantum appeal was...
PPT provisions inapplicable in absence of separate notification incorporating MLI provisions into India-Ireland tax treaty Background The...
Supreme Court rulings in Wipro and Shriram Investments mandate strict adherence to return filing deadlines: fresh claims/withdrawals of exemptions...
Overview of presumptive taxation under the Income Tax Act covering sections 44AD, 44ADA, and 44AE—eligibility, ineligible businesses,...
Summary of key tax rules for rental and house property income under the Income Tax Act, including...
ITAT Mumbai held that levy of penalty under section 270A of the Income Tax Act cannot be...
Detailed summary on salary, allowances, perquisites, pension, gratuity, HRA, standard deduction, and related tax exemptions under the...
Author note I was working on tax audit’s of one of my client’s, after submitting the report...
ITAT Delhi held that assessments under Section 153C were invalid where AO recorded a vague, consolidated satisfaction...
ITAT Surat allowed Goverdhan Nathji Pare Bethakji Seva Trust’s appeal, setting aside CIT(E)’s ex parte rejection of...
ITAT ruled that 5% tolerance for difference in stamp duty value and sale consideration applies retrospectively. This...
ITAT Pune set aside an addition of Rs.38.26 lakh, accepting new evidence (affidavits from the assessee and...
ITAT Agra held that ₹8.84 crore deposited and withdrawn from bank accounts used for ATM cash replenishment...
ITAT ruled that cash deposits made during demonetisation were justified by proceeds from sale of agricultural land....
ITAT Pune deleted the penalty of Rs.2.74 lakh imposed under Section 270A(9) for misreporting income related to...
ITAT Pune set aside the rejection of a final 80G approval application, ruling that a technical delay...
Relying on the Schneider Electric judgment of the Delhi High Court, the ITAT held that absence of...
A taxpayer lost all deductions for AY 2024–25 as late ITR e-verification made her return belated, forcing...
Gifts received from specified relatives are fully exempt from income tax under Section 56(2)(x). Learn the definition...
Understand the fundamentals of Indian Income-tax: its definition under the Income-tax Act, 1961, the administrative role of...
ITAT Chennai ruled in favor of Lakshmiammal Progressive Educational Trust, deleting an addition of ₹31.6 lakhs after...
A guide on ITR reporting for non-residents, including using passport numbers instead of TIN. Covers capital gains...
The Court held that reassessment proceedings under Sections 148A and 148 were void as notices were not...
CBDT extends Tax Audit Report deadline to Nov 10, 2025, and ITR for non-TP audit cases to...
CBDT Circular extends ITR filing to Dec 10, 2025, and Audit Reports (44AB/12A) to Nov 10, 2025,...
Charity Commissioner, Maharashtra, has extended the deadline for filing annual accounts of registered public trusts for FY...
The CBDT extended the ITR deadline for audited cases (Oct 31 date) but excluded TP audit cases...
A reassessment order was challenged because the Section 148 notice was issued in the name of the...
The ITAT Mumbai quashed reassessment proceedings, declaring the assessment order void ab initio due to critical procedural...
ITAT Kolkata held that reassessment proceedings were invalid as the notice under Section 148 failed to disclose...
The ITAT Delhi affirmed the grant of Section 11 exemption to a charitable society, ruling that if...
The ITAT Delhi deleted the penalty imposed under Section 271B for failure to get accounts audited, ruling...
ITAT Raipur held that addition u/s. 68 of the Income Tax Act made without invalidating evidences establishing...
Dismissing the AO’s view that interest should be restricted to months of operation, Tribunal allowed full claim,...
Chennai ITAT remanded an ex parte assessment back to the CIT(A) after the assessee filed an affidavit...
Delhi ITAT set aside income addition under Section 44AD, holding that Assessing Officer acted beyond his powers...
The ITAT Chennai restored a trust’s appeal to the AO to verify if the asset’s cost was...
The 2024 Buckeye Trust ITAT case exposed the risks of unverified AI use in law. Learn how...
The Tribunal held that detailed inquiries by the AO made Section 263 inapplicable and upheld the assessee’s...
AO was wrong in disallowing the entire direct expenditure claimed towards sub-contractors for stevedoring and transport services...
ITAT Mumbai dismissed Revenue’s appeal, confirming that Rs.14.11 crore surplus from perpetual sale of film rights, copyrights,...
In the case of Deepak Jain v. Income Tax Department, the ITAT Delhi held that the BMA...
Tribunal held that when sales are accepted and supported by evidence, entire purchases cannot be disallowed. Only...
Delhi ITAT deleted a 69C unexplained expenditure addition for alleged bogus purchases, ruling that when corresponding sales...
Limitation under Rule 68B of the second schedule to the Income Tax Act did not apply to...
Form 3CL was not a determinative document for claiming deduction, and non-production of the same did not...
ITAT quashes an income tax addition for cash deposits, ruling that a detailed documentary trail explaining the...
ITAT ruled that interest on loans cannot be disallowed when the AO accepts the loan principal is...
The Karnataka High Court affirmed that SEZ units can claim Section 10AA deduction on income enhanced through...
The Madras High Court directed the Income Tax Department to dispose of a representation pending since 2014...
Allahabad High Court held that a Section 148 notice sent via speed post is invalid. Only registered...
The Court stayed recovery proceedings initiated under Section 226(3) against the assessee’s bank accounts, noting that a...
The Court observed that the Income Tax Department acted without due verification in raising a demand on...
The Bombay High Court confirmed a 15% addition on alleged bogus purchases, rejecting the Revenue’s plea for...
ITAT deleted a penalty under Section 271(1)(c), ruling the AO failed to levy the correct charge (concealment...
ITAT directed the CIT(E) to grant Section 12AB registration, ruling that mere land purchase is a preparatory...
ITAT Mumbai set aside a ₹74 lakh unexplained investment addition, remanding the case to the AO after...
ITAT restored a trust’s 80G approval rejection, directing the CIT(E) to accept the application based on a...
A detailed guide to scrutiny assessments under Section 143(2) — learn how cases are selected, how to...
The Karnataka High Court set aside a penalty notice and order under Section 271DA for violating Section 269ST,...
Upholding the sanctity of concluded proceedings, the Court rejected the Revenue’s challenge, holding that the Checkmate Services judgment...
The Karnataka High Court dismissed the Revenue’s petition, affirming that the ITAT correctly refused to rectify its...
The Court held that the entire series of reassessment actions, including the final assessment and penalty notices,...
The Pune ITAT quashed a Section 263 revision, holding that interest earned by a credit society from...
CBDT’s 2025 Search & Seizure Manual guides tax officers on lawful, tech-driven investigations under Sections 132–132B of...
CBDT’s 2024-25 APA report details 174 new agreements, including record bilateral deals, advancing tax certainty and reducing...
ITAT Delhi held that sales made to Jyoti Products were genuine, supported by ledgers and invoices. The...
Madras HC: Delayed self-assessment tax payment is not ‘wilful evasion’ under IT Act S. 276C(2) if the...
ITAT Kolkata held that the advertisement, marketing and promotion expenses [AMP Expense] not an international transaction and...
CBDT directs Assessing Officers to standardize verification of pre-operative and film production expenses, following C&AG audit and...
Bombay High Court held that Deputy Commissioner of Income Tax cannot exceed mandate of Section 144C(13) or...
ITAT Delhi ruled that the sale of cybersecurity software does not constitute rendering of technical services. Accordingly,...
ITAT Mumbai ruled that a tax demand raised due to a typographical or inadvertent error, without any...
ITAT Hyderabad held that once a moratorium is imposed under IBC, Income Tax Department cannot recover dues...
ITAT Delhi ruled that the Assessing Officer cannot alter the share valuation method chosen by the assessee...
ITAT Mumbai held that reopening of assessment under Section 147 of the Income Tax Act is invalid...
ITAT Jabalpur held that additions for unexplained investment in agricultural land cannot be made without proper inquiry...
ITAT Mumbai ruled that the PCIT rightly invoked revisional powers under Section 263 as the assessment order...
Gujarat High Court ruled that reassessment under Section 148 issued after the permissible time period is invalid,...
ITAT Agra held that amount deposited during demonetization period cannot be treated as unexplained income since the...
Conflicting interpretations on Section 87A emerged as CIT(A) allowed rebate on short-term capital gains, while CBDT Circular...
once the income forming the basis of AO’s reason to believe is explained, AO cannot tax other...
TDS collected by government offices is credited to the Central Government via book entries using Form 24G...
The Income Tax Appellate Tribunal (ITAT), Chandigarh, held that the higher tax rate of 60% under Section...
Orders blocking GST input tax credit under Rule 86-A were set aside because the petitioner filed a...
The ruling reinforces that Section 80P(4) bars co-operative societies from claiming deductions on income from co-operative banks,...
ITAT Visakhapatnam remitted the appeal back to the CIT(A) after an ex-parte order, emphasizing need for assessee’s...
ITAT Kolkata ruled that a Section 148 reassessment notice issued to Sulochana Devi Bagaria, who had died...
Income Tax Appellate Tribunal (ITAT), Kolkata Bench, dismissed an appeal filed by the Income Tax Officer (ITO)...
The tax appellate authority dismissed the appeal of Tangerine Design Private Limited (AY 2018-19) on the disallowance...
The Court upheld ITAT and CIT(A) findings that jewellery cash sales on the eve of demonetization were...
Agra ITAT deleted addition under Section 68, ruling that gifts from sisters (Sharad Maheshwar) were genuine. The...
The Tribunal sent the case back to the Assessing Officer after finding that documents proving investment sources...
Nagpur ITAT remanded Vijay Peshane’s appeal to the CIT(A) for fresh review of addition under Section 6a9A....
Agra ITAT remands A.Y. 2018-19 bogus sales addition case to CIT(A), holding ex parte dismissal without merits...
The ITAT ruled that tax authorities cannot deny the S.115BAB benefit after a detailed S.143(3) scrutiny order...
The Tribunal remanded the case for de novo assessment to verify the reporting of cash deposits made...
The ITAT Agra set aside an ex-parte order dismissing a tax appeal, ruling that the CIT(A) must...
The Kerala High Court, in Poovachal Rural Housing Co-Operative Society Ltd. Vs JCIT, directed the Faceless Assessment...
ITAT Ahmedabad restored a case where the CIT(A) upheld a major loss disallowance stemming from client code...
ITAT Raipur set aside the levy of fees under Section 234E for delayed TDS statements filed before...
ITAT Rajkot confirmed that for a small trader opting for Section 44AD, the presumptive income covers the...
The ITAT ruled that seized parallel Tally data, reflecting higher sales and income, constitutes reliable incriminating material,...
The ITAT ruled that CSR expenditure, though disallowed as a business expense, qualifies for deduction under Section...
Summary of key Income Tax benefits for Individual and HUF taxpayers for AY 2026-27, covering basic exemption...
Detailed comparison of dividend, interest, royalty, and FTS withholding tax rates between India’s Income-tax Act and over...
This guide explains the concept, calculation formula, and notified values of CII from 2001-02 to 2025-26, as...
Summary of Income Tax Sections 111A, 112A, 115A-115AD, detailing flat tax rates on short and long-term capital...
In Murliwala Agrotech Pvt. Ltd. Vs. Union of India, the High Court reiterated that the right to...
ITAT Kolkata rules that additions under Section 153A cannot be made without incriminating material, citing the Supreme...
Tribunal confirms that notices under section 148 post-March 2022 must be issued by Faceless Assessing Officers, rendering...
The Revenue argued that interest income from an Associated Enterprise (AE) should be taxed at the Maximum...
Discover who must file Form 1040 or 1040-SR in 2025, key deductions, and credits. Learn filing deadlines,...
Tribunal held that a reassessment notice issued beyond the surviving limitation period and without sanction from the...
Delhi High Court quashes reassessment for AY 2016-17 in Kusum Healthcare Pvt. Ltd. vs DCIT, holding sanction...
The ITAT Pune Bench set aside an ex-parte capital gains order, granting a non-filer taxpayer a final...
ITAT Raipur dismisses an appeal against an Income Tax penalty order as withdrawn, as the assessee opted...
ITAT Jabalpur partially allowed Dayanand Paryani’s appeal, directing AO to replace a full Rs. 29,38,600/− cash credit addition...
The ITAT set aside a massive unexplained investment addition made on a joint bank account, ruling that...
ITAT Lucknow held that rectification under Section 154 cannot be invoked when a trust deed does not...
Understand 47(xiii) of the Income-tax Act: Conversion of a firm or LLP into a company is tax-neutral...
The ITAT confirmed the deletion of a ₹72 crore addition made under Section 143(1) by the CPC,...
The Tribunal deleted the unexplained investment (Section 69) and cash interest (Section 69A) additions, emphasizing that unsigned,...
ITAT Chennai rules that the Section 54 capital gains deduction cannot be denied solely because sale proceeds...
Supreme Court admits appeal by Tesco Bengaluru against CESTAT ruling on reverse charge service tax for seconded...
Bombay High Court admits Revenue’s appeal against ITAT. Issues concern if contracts reallocated to JV members require...
Delhi ITAT allows Sanco Holding, a Norwegian company, to compute income from bareboat charter of seismic vessels...
The ITAT ruled that the Assessing Officer’s mechanical application of Rule 8D for Section 14A disallowance was...
CBDT has notified a state housing authority as tax-exempt under Section 10(46A) of the Income-tax Act, effective...
CBDT notifies the Rajasthan State Seed and Organic Certification Agency for income tax exemption under Section 10(46A)...
Finance Ministry’s Notification 151/2025 grants income tax exemption to the Chennai Metropolitan Water Supply and Sewerage Board...
Tax treatment of a foreign exchange fluctuation depended entirely on the nature of the underlying asset or...
Provision for customer loyalty points, computed on a scientific and consistent basis, constituted a present and ascertained...
SC confirmed disposal test in Hyatt PE case, ruling that deep operational control and access to hotel...
The ITAT confirmed that Section 54F capital gains exemption covers the entire investment in a new residential...
HC directed CBDT to issue a circular extending due date for filing income tax returns to 30th...
ITAT rules that “hardship compensation” received by a flat owner from a builder during society redevelopment is...
ITAT Mumbai quashes reassessment (AY 13-14, 14-15) as AO missed the Rajeev Bansal-mandated “surviving limitation.” S. 149...
Understand how interest under the Income Tax Act is calculated, including Sections 234A–234D, 244A, and Rule 119A...
India’s direct tax collections rise 6.33% in FY 2025-26 to ₹11.89 lakh crore, led by higher corporate...
Hyderabad ITAT set aside a tax order dismissing an appeal for non-prosecution. Citing Bombay HC’s Premkumar Luthra...
Charitable Trust Registration Rejected on Technicality? ITAT Agra rules CIT(E) must allow rectification for wrong clause application...
Tribunal held that goodwill arising from court-approved amalgamation is a depreciable intangible asset. AO & CIT(A)’s disallowance...
Tribunal held that write-off of ₹9.56 crore foreign investment in USA subsidiary was incurred for commercial expediency...
Interest under Section 234B cannot be levied on Section 115BBE-assessed income for resident senior citizens exempt from...
ITAT Delhi rules DigiCert Inc’s receipts from Indian resellers for digital security certificates aren’t royalty or FTS....
ITAT Jaipur ruled that reassessment under Section 148 based solely on Investigation Wing’s report without independent verification...
ITAT Jaipur quashed the reassessment order against Late Shri Jitendra Nagar, ruling the AO used the wrong...
The ITAT Jaipur sustains additions under Sec. 68 for bogus unsecured loans in Bagaria Trade Impex case,...
ITAT Delhi rules Section 148 notice invalid as escaped income not represented in an ‘asset’; reassessment quashed...
ITAT Delhi held that notice under section 143(2) of the Income Tax Act issued by ITO, who...
ITAT Jaipur held that addition under section 68 of the Income Tax Act on account of unsecured...
The ITAT Mumbai ruled that the power to reopen an assessment under Section 147/148 is invalid when...
The ITAT Ahmedabad remanded Dhananjay Tradelink Pvt. Ltd.’s case for fresh assessment, directing the AO to reverify...
The ITAT Ahmedabad annulled reassessment proceedings as the notice under Section 148 was issued beyond the surviving...
The Tribunal held that where an assessee’s accounting method is consistent, and gross margins remain stable over...
ITAT Chandigarh holds Rs.25 lakh leave encashment limit prospective (w.e.f. 01.04.2023), restricting a PSU retiree’s exemption claim...
ITAT Chandigarh deletes ₹1.12 Cr addition for Northern Royalty Co. u/s 153C. Assessee’s revised profit (14-15%) was...
ITAT Jaipur held that the Alumni Association cannot be said to be working for the benefit of...
ITAT Hyderabad held that once it is proved that amount is invested towards purchase of new residential...
ITAT Nagpur held that addition under section 43CA of the Income Tax Act unwarranted since difference between...
Tribunal granted substantial relief to Wadhwagroup Holdings by deleting tax disallowances aggregating ₹2,13,03,85,960. Tribunal dealt with issues...
Since voluntarily filed returns could not be revised through additional evidence under Rule 29 of the ITAT...
ITAT Mumbai held that reassessment notice under section 148 of the Income Tax Act beyond time limit...
A company’s right to TDS credit was upheld despite the tax being erroneously reported under its former...
Fees for Technical Services (FTS) in India’s tax law conflict with DTAAs that include the ‘make available’ clause....
A summary of changes to India’s income tax rebate, from the Rs.2 lakh limit to the new Rs.12 lakh...
The ITAT Delhi invalidated the reassessment proceedings against Huawei International, a Singapore resident, for AY 2014-15. The...
Ahmedabad ITAT deletes ₹34 lakh disallowance on commission and job-work. TDS compliance proven via Form 26AS, and commission...
Kolkata ITAT rules that delayed Form 67 filing isn’t fatal to FTC claim. FTC is a substantive...
ITAT Jaipur holds u/s 159 that penalty survives assessee’s death and is enforceable against the legal heir....
Where the only piece of evidence, AO possessed was the ‘Iqrarnama’, which was not found in the...
ITAT Ahmedabad upheld the deletion of a ₹1.42 lakh penny stock addition. The Revenue failed to produce...
Karnataka HC quashed a faceless ex-parte tax assessment and penalties, ruling that statutory notice sent to an...
The Karnataka High Court ruled that when reassessment is based solely on material seized from a third-party...
Share Sale Proceeds Not Unexplained – Karnataka HC Upholds ITAT Order Deleting ₹7 Cr Addition u/s 68
Share Sale Proceeds Not Unexplained – Karnataka HC Upholds ITAT Order Deleting ₹7 Cr Addition u/s 68
Karnataka HC upheld the deletion of a ₹7 Cr addition under Section 68, ruling that ITAT’s findings...
Kerala High Court rules employees cannot claim TDS credit if employer fails to deposit deducted tax; directs...
ITAT Pune ruled a trust’s passive rental income, even if substantial, is not a “business activity” under...
The Income Tax Appellate Tribunal (ITAT), Mumbai, has allowed Shree Sai Constructions’ appeal, setting aside a Rs.6.04...
The ITAT Mumbai, in Mohan Thakurdas Gurnani Vs ITO, deleted penalties levied under Section 271(1)(c) of the Income-tax...
New Income Tax Act, effective April 2026, simplifies law by reducing sections and introducing Tax Year. It...
Tribunal ruled that AO cannot treat cash recorded in audited books as unexplained merely because deposits were...
The ITAT Jabalpur directed the CIT (Exemption) to reconsider the rejection of Mangalayatan University’s Section 80G approval....
ITAT Delhi held that addition towards undisclosed source of income cannot be sustained merely because this amount...
Chhattisgarh High Court held that addition on account of unaccounted sales based on estimated production yield in...
ITAT Chennai held that revisionary powers exceeded by PCIT since rectification order passed by AO is neither...
A detailed analysis of Sections 15, 22, 28, 45, and 56 explaining classification, tax computation, judicial rulings,...
ITAT Dehradun allowed condonation of 1386-day delay in filing first appeals, noting that ex-parte assessment and penalty...
The Income Tax Appellate Tribunal (ITAT), Agra bench, set aside the Commissioner of Income-tax (Appeals)’s order confirming...
Delhi High Court orders Income Tax Department to refund Rs. 5.10 crore with interest to Agilent Technologies...
The Section 87A tax rebate controversy regarding Short-Term Capital Gains (STCG) and the ITAT Ahmedabad ruling. See...
ITAT Hyderabad deletes CPC adjustments for Caspian Impact Investments. Quashes double disallowance of Section 37(1) loss and...
Hyderabad ITAT quashes ₹20.50 lakh tax addition based on medical college search documents. Rules third-party material needs...
ITAT Hyderabad restores appeal dismissed by CIT(A) due to late payment of Tribunal-directed cost. Rules substantive justice...
The tribunal ruled that stating “for objects of the trust” in Form 10 is sufficient if supported...
The Delhi High Court remanded two appeals filed by the Union of India (UoI) back to the...
ITAT Agra condoned a 9-day delay in filing an appeal for AY 2017-18, setting aside the CIT(A)’s...
The ITAT Nagpur allowed the appeal of Bhivraj Mohanlal Jain, deleting the unexplained investment addition of lakhs...
ITAT Ahmedabad ruled that reopening an assessment u/s 147 is invalid if based on general, unverified portal information...
The Gujarat High Court has issued notice to the Union of India, demanding an explanation for not...
Understand how Section 54/54F applies to long-term capital gains when demolishing and reconstructing a house, with key...
Excessive tax deductions trigger audits when claims are disproportionate to income, lack documentation, or mismatch AIS data....
Missing the ITR due date u/s 139(1) mandates the use of the new tax regime, as the option...
ITAT Delhi quashed Balaji Metal Tech’s assessment, ruling it void due to mechanical approval, wrong section use...
ITAT Mumbai quashes PCIT’s S. 263 revision against Colgate Palmolive, holding PCIT cannot disregard binding Coordinate Bench...
Pune ITAT upholds ₹35.92 lakh penalty u/s 270A for misreporting income by a Diagnostic Centre proprietor. Admission...
Bangalore ITAT deletes unexplained cash addition of Rs.2 lakhs for a student assessee, ruling the scrutiny itself...
Bangalore ITAT in Suthakar Selvaraj vs. ITO deletes unexplained cash addition for a salaried employee, ruling that...
ITAT Chennai sets aside ₹1.03 crore addition; holds that official revenue records and expert reports outweigh Google...
ITAT Chennai remits back applications for 12AB registration and 80G approval of Maditssia Trade Centre. Tribunal holds...
A summary of the ITAT Chennai order, which clarified that payments integral to educational activities for domestic...
The CBDT issued an order amending the scope of the e-Appeals Scheme 2023. It now covers appeals...
SC held Hyatt’s oversight of Indian hotels created a fixed-place PE, broadening disposal and continuity tests under...
Learn key provisions of depreciation under Section 32, including eligibility, ownership, usage conditions, asset types, and applicable...
Jewellers Get ITAT Relief: Inventory Software Unaccounted Income. ITAT Chennai restricts profit on unaccounted sales to 2.5%...
Chennai ITAT set aside the assessment for exceeding the limited scrutiny scope and disallowing 80P without a speaking order or SCN. Remanded the case for fresh, compliant adjudication. The post ITAT Quashes 7-Line Non-Speaking NFAC Assessment in Limited Scrutiny appeared first on TaxGuru.
Chennai ITAT rules Dividend Distribution Tax (DDT) is a company tax and not covered by DTAA, rejecting the refund claim. Separately, it capped the TDS disallowance at 30% under Section 40(a)(ia). The post DTAA Cannot Reduce Dividend Distribution Tax: ITAT Chennai Rules DDT Refund Not Allowable appeared...
ITAT Delhi held that production of investor directors is not mandatory to prove genuineness of share capital....
Does the Finance Act, 2025, extend 12AB registration from 5 to 10 years for trusts under Rs. 5 Cr? See if small trusts must still file Form 10AB by Sep 30, 2025. The post Section 12AB Renewal for Small Charitable Trusts: 5-Year vs. 10-Year Validity appeared first on...
The ITAT Chennai, in the case of T. Radhakrishnan Vs ITO, ruled a ₹8 lakh cash deposit...
The Income Tax Appellate Tribunal (ITAT), Ranchi, partly allowed Pato Builders’ appeal for AY 2012-13. The tribunal...
The ITAT Jodhpur condoned a 163-day delay and restored a trust’s applications for provisional and permanent registration....
The ITAT Ranchi has remanded the case of Pravin Engineering Pvt. Ltd. back to the Assessing Officer....
The ITAT Mumbai has set aside a tax order, remanding the ₹1.1 crore unexplained property investment case...
Mumbai ITAT set aside a PCIT’s u/s 263 order, ruling that allowing Section 80G deduction on CSR donations to...
ITAT Mumbai ruled AO cannot override TPO’s ALP for SDTs, allowing full Section 80IA deduction for captive...
Mumbai ITAT allowed Mahindra & Mahindra’s appeal, holding that advertisement and sales promotion expenses of ₹3.26 Cr...
The court held that objections regarding fraudulent transactions, round tripping, and unstamped documents were triable issues for...
Professional analysis of Indian incentives: PLI, Green Hydrogen SIGHT, and 15% corporate tax rate. Details capital subsidy...
A CBI Court in Jodhpur sentenced former Chief Commissioner of Income Tax P.K. Sharma and an ITO...
A summary of how the CBDT’s decision to extend the Tax Audit Report due date without extending...
In HIM Restaurants Private Limited Vs ITO, the Delhi Income Tax Appellate Tribunal (ITAT) upheld tax additions,...
ITAT Delhi annuls tax assessments on Nanak Chand Tayal, ruling that the blanket, mechanical approval under Section...
Delhi ITAT restores Silverton Pulp And Papers Pvt. Ltd.’s appeal to the CIT(A) to verify the applicability...
The Delhi Income Tax Appellate Tribunal (ITAT), in Shelender Kumar Jain Vs ACIT, has ruled against making...
Supreme Court reinforces that Section 269SS violation doesn’t invalidate a debt under the NI Act. It upheld...
ITAT Chandigarh has set aside the CIT(E)’s order cancelling the registration of Aryans Educational & Charitable Trust,...
Supreme Court shortens tax appeal deadline to two months for an Educational Society seeking a large income...
Tribunal held that a personal loan taken against mortgage was advanced to the spouse with interest, and...
ITAT Mumbai deletes ₹14.5 Cr addition u/s 68 on unsecured loans, ruling onus shifts to Revenue once...
ITAT Chandigarh deletes ₹1.64 Cr tax addition, ruling interest under Section 28 of the Land Acquisition Act...
The Rajasthan High Court ordered the CBDT to extend the Tax Audit Report (TAR) due date to...
In the instant case, the grievance of assessee was directed against the impugned notices dated 24.03.2025 and...
The ITAT Ahmedabad has remanded a case involving the Narayan Cultural Mission, which was denied Section 80G...
The Kerala High Court ruled that taxpayers must first challenge the validity of a reassessment notice lacking...
Kerala High Court has dismissed Vimala Hospital’s appeal, ruling that an error in a tax return cannot...
High Court ruled that Section 281B provisional attachment lapses after six months unless extended, directing village officers...
An analysis of constitutional challenges to India’s Income Tax Act. It covers legal principles, specific challenged provisions,...
An overview of presumptive taxation’s history, global use, benefits, and limitations. Examines its role in simplifying taxes...
Learn about the changes to income tax reopening proceedings under the Finance Act, 2021. This summary explains...
The ITAT Pune has ruled that co-operative societies can claim tax deductions under Section 80P for interest...
The ITAT Delhi ruled in Dalmia Bharat vs. DCIT that a company’s gain from canceling a forward...
The ITAT Chennai ruled that an Indian employee’s salary for services rendered in the US is not...
The ITAT Raipur quashed a reassessment order, ruling that the mandatory requirement for a signed approval from...
The Income Tax Appellate Tribunal (ITAT) Ahmedabad dismissed the Revenue’s appeal, confirming the deletion of additions made...
Tribunal held that once a scrutiny assessment under Section 143(3) allows a claim, any earlier disallowance by...
The ITAT Ahmedabad has deleted a ₹55 lakh addition made under the “accommodation entry” theory, ruling that...
The Income Tax Appellate Tribunal (ITAT) Nagpur condoned a 729-day delay in Rupa Abhay Vyas’s appeal, citing...
Understand the difference between Previous Year and Assessment Year in Indian tax law, including the standard rule...
Tribunal held that technical issues in filing Form 56F cannot bar deduction under Section 10AA. Meghmani LLP’s...
Indian freelancers, consultants, and creators face tax scrutiny over TDS mismatches and the use of presumptive taxation...
Laghu Udyog Bharati seeks extension of due date for filing Tax Audit Reports and ITR for AY...
A revised tax return helps you correct mistakes in your ITR filing. Learn who can file, the...
Madras High Court held that completion of assessment on best judgement as the petitioner had not shown...
Gujarat High Court held that reopening of assessment under section 148 of the Income Tax Act alleging...
Karnataka High Court dismisses SBI’s appeal, upholding TDS demand for foreign travel LTC claims. The court cites...
A summary of India’s Double Taxation Avoidance Agreements (DTAAs), covering the legal framework, methods of relief, and...
An overview of tax implications when a business is discontinued in India. It covers statutory provisions, compliance...
An overview of Section 144 of the Indian Income Tax Act, which allows an Assessing Officer to...
An analysis of India’s multi-layered legal framework to combat tax avoidance and evasion, including GAAR, transfer pricing,...
The ITAT Chandigarh deleted a ₹25.25 lakh cash deposit addition to an illiterate agriculturist’s income, accepting bank...
The ITAT Mumbai ruled that once Form 10EE is filed, its benefits under Section 89A apply automatically...
The ITAT Pune bench partially allows the appeal of Avin Gopal Chotiya, upholding the disallowance of excess...
ITAT Delhi partly allowed the assessee’s appeal for AY 2012-13, reducing the unexplained investment addition from Rs....
High Court ordered pending restoration application of assessee before ITAT to be considered expeditiously, while noting a...
The ITAT has condoned a one-day delay in the filing of Form 10B by a charitable trust,...
The ITAT Bangalore rules that while a co-operative society’s late IT return warrants disallowing its Section 80P...
The ITAT has directed the tax department to refund ₹37.88 lakh to a non-resident for an incorrect...
ITAT reverses a tax addition on cash withdrawals, ruling that they were genuine business turnover and not...
The ITAT dismisses a cooperative society’s appeal over disallowed tax deductions after the society confirmed it is...
The Supreme Court of India has upheld a property attachment order from 2012, dismissing a challenge by...
ITAT clarified that education and camps on Jain principles cannot be treated as wholly religious. Registration u/s...
ITAT Bangalore reverses a CIT(E) order, holding that teaching Vedas is a charitable activity, not a religious...
Tribunal remands assessment of Namdhari Seeds on income from leased lands, awaiting Supreme Court ruling on whether...
ITAT emphasized that section 69C applies only to unexplained or unrecorded expenditure; recorded educational expenses cannot be...
The Income Tax Appellate Tribunal (ITAT) in Bangalore ruled that an individual’s right to claim Foreign Tax...
Understand what belated ITR filing is in 2025, including deadlines, late fees under Section 234F, and the...
The ITAT Chandigarh confirmed the denial of Section 12A and 80G tax exemptions for the TIF Foundation,...
Understand the nuances of agricultural income taxation in India, including legal definitions, judicial tests, and how to...
व्यापारिक संगठनों ने वित्त मंत्री से निर्धारण वर्ष 2025–26 हेतु टैक्स ऑडिट रिपोर्ट (TAR) दाख़िल करने की...
ITAT rules that a co-op bank’s dealings with nominal members do not violate mutuality, allowing a deduction...
Nagpur Chamber of Commerce requests a two-month extension for audit assessees’ income tax returns, citing delayed ITR...
The Income Tax Appellate Tribunal in Agra has deleted a tax addition against Ankur Rice Industries Pvt....
The ITAT Ahmedabad ruled that the amendment to Section 11(3)(c) by the Finance Act 2022, which reduced...
The ITAT Ahmedabad bench has set aside an order by the CIT(E) that denied 80G approval to...
The ITAT Mumbai ruled in the case of Motilal Oswal Financial Services that while the AO had...
The ITAT Raipur ruled that unpaid VAT and Service Tax not claimed as a deduction in the...
Srijan Charitable Trust Vs ITO (Exemption) (ITAT Kolkata) Background Srijan Charitable Trust, registered u/s 12A, filed return...
Mumbai ITAT allows Section 80G deduction for CSR spending, stating that procedural disallowance under Section 37 doesn’t...
The ITAT Mumbai ruled that an AO cannot reclassify rental income as business income if it was...
In the case of SREI Equipment Finance Limited, the ITAT Kolkata delivered a mixed ruling, allowing a...
ITAT Kolkata held that an assessment based on a defective notice u/s 143(2) is invalid. Since the...
The ITAT Kolkata ruled that an employee is entitled to full TDS credit even if their employer...
A unified front of professional bodies, including the Institute of Chartered Accountants of India (ICAI), is amplifying...
The Income Tax Appellate Tribunal (ITAT) Ahmedabad set aside an order by the CIT (Exemption) that rejected...
The Income Tax Appellate Tribunal (ITAT) Agra Bench ruled that an appeal cannot be dismissed under Section...
The Income Tax Appellate Tribunal (ITAT) Delhi heard the case of Ashish Anand vs. ITO, concerning an...
The ITAT Bangalore has remanded the transfer pricing case of Andante Foods LLP, directing the firm to...
CBDT’s late-night decision to extend the ITR filing deadline by one day sparks outrage. Read how technical...
CBDT decided to further extend the due date for filing these ITRs for AY 2025-26 from 15th...
The Karnataka High Court dismisses a Revenue appeal, affirming that a ₹7 crore share sale was a...
The ITAT Kolkata quashed a penalty on a taxpayer, ruling that a one-time settlement from an employer...
The ITAT Kolkata dismisses the Revenue’s appeal, ruling that a ₹1.59 crore addition for alleged bogus sales...
AO was bound to follow the CBDT circular 19/2019 (F. NO.225/95/2019-ITA.II], DATED 14-82019 and the omission/dereliction was...
Siddhartha Pattina Sahakari Sangha Niyamita Vs ITO (ITAT Bangalore) ITAT Bangalore held that the assessee is entitled...
ITAT Delhi held that assessment order u/s. 144 of the Income Tax Act is in violation of...
Examine key case laws like Vodafone and Cairn Energy that prompted major legislative changes to India’s Income-tax...
ITAT Delhi quashes ₹8.11 Cr addition, ruling reassessment void due to mechanical approval by JCIT. AO’s lack...
Understand your rights during tax surveys and searches under Sections 133, 133A, and 132 of the Income-Tax...
A guide for tax professionals on how to respond to a Section 131 income tax notice, covering...
Understand the key differences between tax evasion and tax avoidance under Indian law. Learn about legal penalties,...
Understand PGBP taxation in India: scope, deductions, presumptive schemes, and judicial interpretations under the Income-tax Act, 1961....
Karnataka High Court held that for AY 2014-2015, assessee couldn’t be classified as wholesale trader as both...
ITAT Delhi rules that a single omnibus approval under Section 153D is invalid. Assessments and penalty quashed...
The ITAT Delhi quashed a tax assessment against Melody Enterprises, ruling that the approval granted under Section...
ITAT Delhi quashes a reassessment for Sulekh Chand Jain, holding that the Rohtak Assessing Officer lacked territorial...
The ITAT Delhi has ruled in favour of Sourabh Logistics Pvt. Ltd. regarding ₹4.50 crore in share...
ITAT Delhi upholds 10A deduction for Rs.43 Cr software sale by Nuwave E Solutions, rejecting Revenue’s claim...
Flywire Payments Corporation wins ITAT Kolkata appeal; payments from Muthoot Forex not considered royalty. Tribunal directs verification...
Understand how online gaming winnings are taxed under Section 115BBJ, Rule 133, and Section 194BA. Covers computation,...
Karnataka Taxpayers Association requests extension of 15 Sep 2025 deadline for non-tax audit reports due to portal...
Overview of OECD BEPS 2.0, India’s Equalization Levy, and global efforts to address indirect taxation of digital...
Learn about Fringe Benefit Tax (FBT), a former Indian tax on employers. This guide covers its introduction,...
Understand the key deductions for AY 2025-26 under the new tax regime, including standard deduction, NPS, and...
ITAT Mumbai, allowed a taxpayer’s claim for a long-term capital gains exemption, ruling that date of possession,...
The ITAT Pune has quashed a tax assessment order against Pramod Manikchand Dugad, ruling that the Assessing...
Pune ITAT deletes disallowance of cash-based remuneration to partners and salaries to employees, finding no legal bar...
Practical guide to tax audit under Section 44AB for trader assessees, covering groundwork, data analysis, compliance checks,...
कर पेशेवरों और करदाताओं ने ITR और टैक्स ऑडिट तिथियों में संतुलित अंतराल की मांग की, ताकि...
The Rajasthan High Court in Krishan Gopal Gupta vs PCIT has ruled that a notice under Section 148...
The Finance Act (No.2) of 2024 has changed how residential rental income is taxed in India, classifying...
Learn about the ITAT Mumbai ruling on ABM Knowledgeware Ltd. vs. Assessing Officer regarding CSR expenditure deductibility...
The ITAT Delhi quashes a tax assessment against Dazzle Developers P. Ltd., ruling that an assessment on...
ITAT Chennai held that invocation of revisionary power under section 263 of the Income Tax Act by...
The ITAT Ranchi directed an inquiry into cash deposits of ₹26.60 lakh, telling the Assessing Officer to...
The Malad Chamber of Tax Consultants (MCTC) has requested an extension of tax deadlines for AY 2025-26,...
Appeal against cancellation of penalty under Section 271D was dismissed for failure to cure defects despite multiple...
In M. Balasubramaniam v Federal Bank, DRAT Chennai ordered guarantors to pay pro-rata dues of ₹9.03 lakhs...
The Delhi High Court clarifies the interpretation of CBDT’s compounding guidelines, ruling that an assessee cannot be...
Tax professionals demand an extension for ITR and Tax Audit Report due dates for AY 2025-26, citing...
The ITAT has fixed the fair market value of land at Rs. 60/sq.m. for capital gains calculation...
The ITAT Pune has remitted the case of Mahesh Padmnabhrao Kashikar back to the CIT(A), allowing the...
ITAT Delhi has sent an unexplained cash deposit case back to CIT(A), giving an individual a new...
The ITAT Rajkot has deleted a disallowance under Section 40A(3), ruling that the provision applies to individual...
ITAT Ahmedabad partly allows trust’s appeal, condones delay in filing Form 10B, and remands matter to CIT(A)...
The Finance Bill 2025 has altered Section 34(2) of the CGST Act. Learn how the new rule...
A Punjab & Haryana High Court ruling clarifies that uploading a tax notice to a portal is...
The ITAT Agra has canceled a penalty against Bundelkhand University, ruling that a technical breach of not...
Rejection of books doesn’t nullify obligation of timely compliance with section 44AB: Penalty upheld
Rejection of books doesn’t nullify obligation of timely compliance with section 44AB: Penalty upheld
ITAT Hyderabad held that rejection of books during assessment proceedings does not retrospectively nullify the obligation to...
The ITAT Ahmedabad has given the Stellin Foundation another chance to seek registration under Sections 12AB and...
The Income Tax Appellate Tribunal (ITAT) in Jodhpur has set aside an order that led to the...
The ITAT Delhi deletes a ₹17.95 lakh tax addition on royalty expenses for Travel Food Services, applying...
The ITAT Cochin bench addresses whether a cooperative society tax return filed after the original due date...
The ITAT grants relief to an assessee, setting aside an ex-parte order from the CIT(A) and remanding...
Calcutta High Court condones delay by Income Tax department, allowing assessee to file Forms 1 & 2...
The ITAT grants a rural trust a second opportunity to secure 80G tax benefits after its application...
ITAT Ahmedabad held that delay in furnishing Form No. 10B is procedural lapse hence it cannot be...
Additions made on account of cash deposits during the demonetization period and disallowance of loss on the...
The interest was earned from fixed deposits maintained with banks for the purpose of the business and...
Tribunal had imposed a cost of ₹2,000 on M/s. Udai Lal Mahabir Prasad for failing to explain...
An ITAT Delhi ruling has partially allowed appeals by the tax department, reducing significant cash deposit additions...
ITAT Cochin has quashed a tax demand, ruling that cooperative banks can claim a deduction under Section...
ITAT Chandigarh’s ruling in the CSJ Infrastructure tax case addresses the application of Section 43CA and the...
The Calcutta High Court upholds the ITAT’s decision, ruling that the reopening of a tax assessment was...
SEO Description: The ITAT Bangalore has remanded a case back to the tax office to verify whether...
ITAT Mumbai allowed an appeal by a private discretionary trust, directing the re-computation of surcharge at 15%...
The Supreme Court disposes of tax petitions against Sodexo India, citing its precedent in the Rajeev Bansal...
Calcutta High Court overturns Usha Martin Telematics tax order for 2019-20, citing a violation of natural justice...
Under Section 153C, the six-year limitation period for issuing a notice to a person other than the...
The ITAT Delhi quashed a CIT(A) order passed against a deceased taxpayer, ruling it a nullity. The...
The ITAT Delhi has quashed a reassessment order for Aggarwal Abhushan Private Limited, ruling that the initial...
Delhi ITAT rules in favor of a retired railway employee, deleting a Rs15.35 lakh addition under section...
Revenue argued that since assessee was an “eligible assessee” under section 144C(15), AO rightly passed the order...
The Income Tax Appellate Tribunal (ITAT) Mumbai dismissed the revenue’s appeal against Garware Hi-Tech Films, upholding the...
The ITAT Cochin bench has set aside the rejection of Quilon Poor Home’s S.12A and 80G claims,...
ITAT Bangalore condones a 349-day delay in a tax appeal, citing the assessee’s illiteracy and issues with...
he ITAT Mumbai ruled in favor of NK Infra JV a partnership firm directing the removal of...
Tribunal confirmed CIT(A)’s view that alleged accommodation loans were not supported by bank statements. Reopening and addition...
The Tax Bar Association of Bhilwara requests an extension for the FY 2024-25 income tax return and...
The FKCCI has formally requested an extension for filing income-tax returns for the AY 2025-26 due to...
A representation from the Bombay Chartered Accountants’ Society to the CBDT highlights the need for further extensions...
The ITAT ruled that an employee cannot be taxed on cash deposits that are found to be...
Invoice under GST Under GST regime, an invoice or tax invoice means the tax invoice referred to...
New tax rules increase salary thresholds for perquisite exemptions. Rules 3C and 3D change limits for tax-free...
The Mumbai ITAT ruled that MLI provisions cannot be applied to deny treaty benefits under the India–Ireland...
ITAT Bangalore held that capital gains from land gifted to spouse are taxable in the husband’s hands...
ITAT Delhi upheld the quashing of Ashish Gupta’s reassessment, citing the AO’s failure to issue Section 143(2)...
The Allahabad High Court ruled that when a best judgment assessment is conducted, the assessee has the...
The ITAT Mumbai has set aside a Rs. 2.55 crore tax order against Gemini Dyeing and Printing...
ITAT Pune rules penalty cannot be levied under Section 270A if assessee, unaware of consultant’s fraud, paid...
ITAT Jabalpur sets aside the ex-parte dismissal of a taxpayer’s appeal, remanding the case for a fresh...
The ITAT has remanded a tax appeal to the CIT(A) for a fresh review after the assessee’s...
ITAT Pune upholds a penalty imposed under Section 271(1)(b) of the Income Tax Act for a taxpayer’s...
The ITAT has remanded a tax case to the AO for a new assessment, ruling that the...
The ITAT Lucknow has ruled that a CIT(A) cannot dismiss an appeal for non-prosecution, emphasizing the need...
ITAT rules in favor of Mariamma Kurian, deleting a Rs.30 lakh tax addition. The court traced the...
ITAT Chandigarh dismissed appeal of Inder Singh (deceased) after legal heir failed to explain cash deposits of...
ITAT Chandigarh invalidates a reassessment notice issued by a jurisdictional AO, ruling that it should have been...
ITAT Kolkata quashed an assessment for a society due to two fatal legal flaws: an invalid scrutiny...
The ITAT Chandigarh rules that a CIT(A) has the power to set aside and remand an ex...
The ITAT Ahmedabad accepted a developer’s project completion accounting method, deleting a Rs. 2.24 crore addition made...
ITAT Chandigarh directs the Assessing Officer to verify if the assessee paid a portion of GST before...
ITAT Delhi rules that cash deposits made during demonetization from recorded cash sales are not unexplained income,...
The ITAT Delhi deleted a Rs. 3.36 crore addition for bogus sundry creditors, ruling that the addition...
The ITAT Delhi dismissed the Revenue’s appeals against Asian Consolidated Industries, upholding the CIT(A)’s decision to allow...
ITAT Bangalore held that SanDisk India [Western Digital India] is not a Dependent Agency Permanent Establishment [DAPE]...
The ITAT Cochin has dismissed appeals by Trivandrum Cable Network (P.) Ltd., upholding additions made under Section...
ITAT Cuttack deletes Section 271D penalty against Jogendra Kumar Panda, ruling cash transaction violation pertained to wrong...
ITAT Ahmedabad held that CIT(A)-NFAC has dismissed the appeal without rendering any findings on the merits of...
ITAT Mumbai held that the Explanation to section 14A of the Income Tax Act inserted by the...
ITAT Delhi held that the benefit of working capital adjustment while computing the ALP has also not...
Bombay High Court held that if municipal rateable value doesn’t depict correct annual value, AO can make...
The ITAT Pune has ordered a fresh hearing for a scrap dealers ₹3.84 crore tax dispute, ruling...
The Madras High Court has dismissed an appeal by the Income Tax Department, affirming the quashing of...
The ITAT Delhi has sent a charity’s S.12A registration denial back to the CIT(E) for re-verification of...
The Punjab & Haryana High Court quashed a Section 148 income tax notice issued by a Jurisdictional...
ITAT Ahmedabad allows an 83-year-old taxpayer to file a delayed appeal, citing health issues and a parallel...
ITAT Jaipur rules bonus paid before ITR filing due date is allowable deduction, setting aside disallowance for...
Late Return Filed after Sec 142(1) Notice Held Invalid; No 143(2) Notice Required When Return is Invalid;...
ITAT Ahmedabad has remanded a tax reassessment and penalty case to the CIT(A) for fresh adjudication on...
ITAT Chandigarh partially allows Sukh Pal Singh’s appeal, adjusting long-term capital gains by accepting a higher cost...
The Karnataka High Court upheld the exclusion of Universal Print System and BNR Udhyog as comparables in...
Chandigarh Chartered Accountants request the CBDT to extend ITR and tax audit deadlines. Key reasons include delayed...
Taxpayers across India are expressing growing frustration over what they claim are significant delays in the processing...
ITAT Chennai deletes a ₹832 Cr tax addition on share purchases, ruling that statutory valuation rules under...
A summary of India’s tax framework for Virtual Digital Assets (VDAs), including the flat 30% tax on...
The ITAT Chennai has quashed reassessment proceedings against Ashok Leyland Ltd., ruling the AO’s action was based...
The Chhattisgarh High Court has directed tax authorities to reconsider the pre-deposit conditions for an assessee’s appeal,...
ITAT Amritsar ruled that a company’s loans were not unexplained cash credits, deleting a tax addition after...
The ITAT Cochin has ruled against Muthoot Fincorp, confirming the disallowance of expenses due to non-deduction of...
The ITAT Ahmedabad bench, in the case of DCIT vs. Phoenix Flexibles Private Limited held that a...
ITAT Kolkata held that only those investments which have yielded exempt income during the year should be...
The ITAT Bangalore has deleted a ₹27 lakh addition to a wife’s income, ruling it was double...
Mumbai ITAT rules 10% tolerance limit under Section 50C is retrospective from 2003, deleting an addition. It...
Cochin ITAT remanded ₹25 lakh addition, holding CIT(A) erred by invoking Section 68 without notice. Matter sent...
India has replaced the 68-year-old Income-tax Act, 1961 with a new law. Learn about the key changes,...
Delhi High Court ruled that a penalty under Section 271E was time-barred, clarifying that limitation period begins...
The ITAT Mumbai ruled that accrued interest in a loan sale is part of the purchase consideration,...
ITAT Delhi ruled a CIT(A) order invalid, stating it had no jurisdiction once a superior authority (PCIT)...
ITAT Mumbai sets aside a CPC rectification order, ruling it invalid due to a violation of Section...
A new tax provision, Section 194T, requires partnership firms to deduct tax from partner payments. This summary...
Learn how to report capital gains on shares purchased before January 31, 2018, using the grandfathering rule...
ITAT Delhi deleted a Rs. 1.40 crore capital gains tax on a property transfer between spouses, ruling...
The ITAT Delhi has remanded a case on long-term capital gains, ruling that an Assessing Officer cannot...
ITAT Chennai strikes down a penalty under Section 271D, ruling that a fabricated, unregistered sale agreement and...
ITAT Delhi deletes an unexplained investment addition, ruling that the assessee provided sufficient documentary evidence to prove...
The Delhi ITAT has ruled that a penalty cannot be imposed when income is based on estimation....
Understand the new Income Tax Bill 2025 and its key changes, including the new tax regime, tax-exempt...
The Karnataka High Court ruled that an assessee can claim Section 54 exemption for capital gains on...
The ITAT Cochin ruled that cash received as a final payment during a property registration is not...
The Calcutta High Court invalidates a penalty under Section 271(1)(c) because the show-cause notice failed to specify...
Read the full ITAT Indore order on an assessee’s appeal dismissed for a 3-year delay. The court...
The ITAT Ranchi has ruled that an Assessing Officer cannot reopen an assessment based on “reason to...
ITAT Mumbai rules that a lack of response to notices cannot justify a disallowance under Section 40A(2)(b)....
ITAT Bangalore rules that CIT(A) cannot dismiss an appeal for non-prosecution, setting aside an order in the...
ITAT Delhi deletes credit card addition and remands the mutual fund investment issue for fresh verification in...
An overview o the Lower Deduction Certificate (LDC) under Section 197. Learn who can apply, the benefits...
ITAT Ahmedabad dismisses Revenue appeals in ACIT vs Ashokbhai Kheni, ruling that jurisdiction lies with ITAT Surat...
ITAT Delhi held that cash deposited during demonetization period cannot be added as unexplained cash deposit under...
ITAT Kolkata held that addition towards unexplained money under section 69A of the Income Tax Act cannot...
ITAT Ahmedabad held that addition under section 69A towards unexplained cash deposit cannot be sustained since it...
A guide to India’s block assessment tax provisions from the Finance Act 2024. Understand pending assessments, undisclosed...
Learn how to calculate income tax for individuals in India for AY 2025-26. This guide covers salary,...
Learn about India’s income tax exemptions for non-residents. This guide simplifies reliefs on interest, capital gains, and...
The ITAT Pune has sent back a Rs. 28.71 lakh unexplained cash deposit case to the CIT(A),...
The ITAT has remanded a trust’s application for regular registration after the CIT(E) rejected it as premature....
Delhi High Court set aside reassessment for AY 2018-19 holding that escaped income was under ₹50 lakh...
Chandigarh ITAT in Sanjeev Kumar Kathuria vs ITO held that FMV as on 1 April 2001 can...
ITAT Rajkot allows an appeal despite manual filing and delay, prioritizing a fair hearing over procedural errors...
The ITAT ruled that a trust’s tax exemption application cannot be rejected for selecting the wrong clause....
ITAT Pune rules that a CIT(A) cannot remand assessments under Section 147. This power to set aside...
The Ld. AR requested that the matter may be remitted to the Ld. AO while the Ld....
ITAT Jaipur held that delayed filing of Form No. 67 cannot be reason for denial of Foreign...
The Income Tax Appellate Tribunal (ITAT) Chennai has granted S.S.S. Export another chance to substantiate cash deposits...
ITAT Mumbai held that denial of exemption under section 11 of the Income Tax Act not justified...
Calcutta High Court dismisses PCIT appeal, ruling penalty notice under Income Tax Act invalid due to failure...
ITAT Ahmedabad held that income from the sale of Renewable Energy Certificates (RECs) by Mayur Dyechem Intermediates...
The government provides data on nationwide Income Tax Department operations, including searches, surveys, and prosecution cases for...
The Ministry of Finance details how AI tools are enhancing tax compliance. The use of AI for...
The Ministry of Finance outlines key initiatives to assist first-time and low-income taxpayers with ITR filing. Learn...
The Minister of State for Finance details India’s direct tax collections from FY 2020-21 to 2024-25, highlighting...
ITAT Mumbai dismisses revenue’s appeal against Adihemshree Financial, a share trader, on losses incurred from alleged penny...
The Income-Tax Bill, 2025, introduces a new provision that empowers the government to retroactively define treaty terms,...
A guide to key tax compliance rules for AOPs, firms, and LLPs, covering topics such as member...
ITAT Visakhapatnam ruled a temple trust cannot claim Section 12A exemption for years prior to its registration,...
A summary of 118 legal precedents relevant to business and professional income, covering topics from depreciation and...
A guide to available income tax deductions for AY 2025-26 under various default tax regimes (115BAA, 115BAB,...
Kerala High Court upholds tax on Guruvayur Devaswom’s voluntary contributions, affirming that the right to own property...
ITAT Cochin rules that a temple trust’s advance payments for an ongoing construction project constitute a valid...
An analysis of Jio Financial’s low-cost ITR filing service, its data harvesting strategy, and the potential risks...
ITAT Cochin ruled that a religious trust can claim tax exemption under Sections 11 and 12 if...
ITAT Cochin rules that a trust with both religious and charitable objects cannot be denied registration under...
An overview of India’s Income Tax Act, 1961, explaining key concepts like direct and progressive taxation, the...
The ITAT Ahmedabad ruled in favor of an agriculturist, holding that once the assessee provides primary evidence...
The ITAT Ahmedabad deleted a Rs. 26.49 lakh addition, ruling that foreign remittances into an NRE account...
The ITAT Ahmedabad deleted a ₹16.69 lakh addition, ruling that Section 69A cannot be invoked mechanically when...
The Gujarat Chamber of Commerce requests an extension for ITR and Tax Audit due dates, citing delays...
Direct tax collections for FY 2025-26 are down 3.95% to ₹6,63,874 crore as of August 11. Corporate...
The Delhi High Court ruled that Common Area Maintenance (CAM) charges are subject to TDS under Section...
The ITAT Delhi remanded a case to the CIT(A) to determine if the Assessing Officer had an...
The ITAT Mumbai deleted an addition made under sections 69A and 69C, ruling that an addition based...
The ITAT Bangalore ruled that late filing of Form 67 is not fatal to a Foreign Tax...
Income-Tax (No. 2) Bill, 2025, proposes to amend and consolidate income tax law, covering a range of...
The ITAT Delhi has quashed a reassessment order against Sumit Suneja, finding that the AO quoted a...
ITAT Kolkata nullified a reassessment order, ruling that ITO lacked pecuniary jurisdiction to issue a Section 148...
The ITAT Cochin confirmed penalties against a primary agricultural credit society for violating Sections 269SS and 269ST,...
The ITAT Cochin confirmed income additions against K.K. Radhakrishnan, rejecting arguments of mechanical approval and lack of...
ITAT Jaipur deletes an income addition based on a Form 26AS mismatch, ruling that entries from a...
The ITAT Delhi has upheld the deletion of a ₹11.73 Cr addition for unexplained cash credit, ruling...
The ITAT Cuttack has remanded a case involving a ₹9 lakh cash deposit to the CIT(A), granting...
ITAT Chandigarh dismisses revenue’s appeal, affirming partial interest disallowance for Mahesh Kumar Goyal based on consistency with...
The Madras High Court ruled that short-term capital gains from the sale of depreciable business assets can...
ITAT Surat dismisses Shree Infra’s appeal, affirming PCIT’s directive for fresh assessment on deemed rental income from...
The updates concerning the ITR-5 form for Assessment Year (AY) 2025-26. The Central Board of Direct Taxes...
Understand Section 206C: Amendment in Interest rate for late payment of TCS. Learn the new 1.5% rate...
The Bombay High Court set aside an ITAT order for not addressing the absence of a Document...
Bombay High Court sets aside PCIT order condoning a developer 45-day delay in filing tax returns. Cites genuine...
ITAT Mumbai rules on disallowances, unexplained cash, reassessment validity in J. Kumar Infraprojects tax case, partly upholding...
The ITAT Mumbai upholds deductions for Jyothy Labs, ruling that once allowed, they can’t be denied later....
The ITAT ordered a fresh hearing for Golden Liquor Agencies, stating that a technical glitch and a...
ITAT deleted farm expense disallowances for Crystal Hatcheries, applying Abhisar Buildwell ruling that no incriminating material means...
The Government of India has withdrawn the Income-tax Bill, 2025, citing drafting errors and a need for...
ITAT Bangalore deletes ₹25.8L penalty under Section 271D as AO failed to record satisfaction in assessment order....
The ITAT Delhi quashed a reassessment where a Section 148 notice was sent to a deceased person,...
The Mumbai ITAT upheld TNMM for Firmenich Aromatics, deleting transfer pricing adjustments on exports and royalties, and...
Understand the impact of Section 194T, which mandates a 10% TDS on payments to partners by firms...
Kolkata ITAT rules Assessing Officer cannot add income for bogus purchases without rejecting books of account or...
Ahmedabad ITAT rules cooperative society income is 100% tax-exempt if S.80P deduction is allowed, making disallowances irrelevant...
Kerala High Court grants interim relief to South Coast Spices, staying coercive tax recovery until appeals and...
ITAT Ahmedabad restricts Ramjibhai Kesaraji Patel’s bogus purchase disallowance to 8%, citing judicial precedents and natural justice,...
Delhi High Court sends Bray Controls’ nil withholding tax request back to CIT, emphasizing focus on share...
A CBI operation in Vijayawada led to the arrest of an Income Tax Inspector and a middleman...
A Customs Superintendent at Sahar Air Cargo, Mumbai, was arrested by the CBI for demanding and accepting...
Get ready for the changes in TDS and TCS provisions applicable for FY 2025-2026 to ensure compliance...
Ahmedabad ITAT dismisses revenue’s appeal, deleting additions for demonetisation-era cash deposits, citing a lack of evidence for...
Denial of DTAA benefits to UAE resident over capital gains on debt mutual funds. The case examines...
A detailed guide on Sections 44AA, 44AB, 44AD, and 44ADA of the Income Tax Act, explaining rules...
Gujarat High Court invalidates reassessment notice, citing department’s failure to issue fresh 148A(b) notice post-faceless transition as...
The ITAT Nagpur has set aside an ex-parte income tax addition of ₹7.38 lakh against a senior...
ITAT Nagpur remands Gayatri Gram’s 80G exemption appeal, instructing CIT(E) to reconsider a fresh application after initial...
ITAT Ranchi dismisses Revenue’s appeal against deletion of Section 270A penalty on Uranium Corporation of India Ltd.,...
ITAT Ahmedabad rules on Krishnanagar Vaishnvsamaj vs. ITO, allowing a trust to claim deduction for income utilized...
ITAT Nagpur dismisses revenue appeals against Maharashtra Urban Co-operative Credit Society Ltd, affirming its entitlement to Section...
ITAT Kolkata held that Foreign Tax Credit cannot be denied for delayed filing of Form No. 67...
ITAT Amritsar sends back Mata Bhuvaneshori Asthapan Committees 12A/80G registration plea, citing pending re-registration under new J&K...
ITAT Nagpur remands Kiran Anil Gothi Vs ITO cash credit case back to CIT(A) for fresh adjudication...
Orissa High Court rules against denying Section 12A income tax exemption solely for delayed audit report. Citing...
ITAT Bangalore restores 80G approval for Rishi Samskruti Vidya Kendra, citing medical emergency for non-appearance. Case remitted...
The Kolkata ITAT quashes a reassessment notice issued under Section 148, citing it was time-barred. The decision...
ITAT Delhi allows Antar Foundation fresh opportunity for Section 12A registration after notices were not communicated to...
ITAT Cochin remands Kangazha Service Co-op. Bank’s tax appeal to CIT(A), citing a lack of merit-based adjudication...
ITAT Ahmedabad denies 80G exemption to an educational trust, citing its failure to justify donations made to...
Calcutta High Court rejects writ petition challenging a Section 148A(d) reassessment order, citing alternative remedy and upholding...
ITAT Pune rules cooperative societies can claim S.80P deduction via ITR filed under S.142(1), setting aside denial...
Understand the Indian government’s tax framework for Virtual Digital Assets (VDAs). Learn about the flat 30% tax...
ITAT Chennai rules that the buyer’s intention is irrelevant when classifying land. The court upholds the agricultural...
ITAT Ahmedabad rules on the admissibility of new claims during reassessment and appellate proceedings, distinguishing between the...
Karnataka High Court dismisses a Revenue appeal, affirming that additions cannot be made under Section 153A without...
ITAT Pune remands 80G approval case, stating incorrect section code is not fatal. Directs CIT(E) to allow...
ITAT Ahmedabad held that amount received as refund for surrender of Life Insurance Policy cannot be treated...
ITAT Pune held that satisfaction note is required to be recorded u/s 153C for each assessment year...
The ITAT sent a trust’s case for 12AB and 80G registration back to the Commissioner. The rejection...
ITAT Agra confirms ₹80.17 lakh addition as bogus LTCG from penny stock, citing lack of evidence and...
ITAT Ahmedabad held that mere filing of return in response to notice u/s. 148 does not ipso...
ITAT Cuttack condones delay and restores appeal in case of estimated income on cash deposits due to...
ITAT Mumbai held that addition under section 69A towards unexplained cash found during course of search cannot...
ITAT Mumbai held that consulting charges is revenue item and accordingly, foreign exchange loss arising thereon is...
Understand the rules for interest on late TCS collection under Section 206C of the Income Tax Act,...
A summary of the changes to the ITR-3 form for AY 2025-2026, including new rules for capital...
ITAT Ahmedabad deletes ₹8 Cr addition u/s 68, holding firm provided sufficient evidence; partner’s non-response to notice...
The ITAT Cochin has ruled that an Assessing Officer must refer a property’s fair market value to...
The ITAT Chennai has quashed a reassessment against Ambattur Constructions, ruling that a mere audit objection without...
ITAT Mumbai held that addition under section 68 towards unsecured loans merely relying on retracted statement cannot...
ITAT Pune overturns 80G rejection for Mitcon Forum, ruling that commencement of activities timeline applies to new...
ITAT Pune clarifies the interpretation of earlier in Section 80G(5)(iii) for trusts seeking regular approval, allowing applications...
ITAT Pune overturns 80G rejection for Heritage Youth Foundation, ruling that the “commencement of activities” timeline applies...
Stay on top of important compliance deadlines including GST, ESI, PF, SEBI, and Income Tax filings, with...
Learn about the requirements for filing an income tax return in India. This summary outlines filing deadlines,...
It was held that Long-term capital gains on sale of “penny” stocks could not be treated as...
Bangalore ITAT revives a trust’s 12AB registration plea, stating that a religious label doesn’t disqualify a trust...
ITAT Bangalore rules that a rejection letter under Section 154 is an appealable order, directing the CIT(A)...
Delhi High Court’s landmark ruling on taxation of Category III Alternative Investment Funds, impacting India’s hedge funds...
ITAT Delhi rules an income tax assessment is invalid if the Section 143(2) notice was not issued...
ITAT Delhi ruled Rasha Welfare Foundation’s EV initiative is charitable, not commercial, upholding 12AA & 80G registration....
ITAT Raipur sets aside additions against N.R. Ispat & Power Pvt. Ltd. citing lack of incriminating material...
Finance Ministry states it does not track income tax data specifically for security forces, but provides details...
A summary of a Lok Sabha response detailing India’s tax revenue loss from exemptions and incentives for...
The Bangalore ITAT directs the grant of a trust’s 12AB registration, ruling that low initial expenditure is...
Explore when CIT(A) can remand cases to the Assessing Officer for non-appearance, focusing on legal provisions, court...
Learn the accounting and tax treatment for insured asset loss and claims under Indian accounting standards. This...
Compare tax rates for domestic and foreign companies under India’s new and old tax regimes. Learn about...
Understand the tax rates for cooperative societies under India’s old and new tax regimes. Learn about Sections...
Statutory Deadline Interpreted Flexibly: Pune ITAT Sets Aside Technical Rejection of 80G Application
Statutory Deadline Interpreted Flexibly: Pune ITAT Sets Aside Technical Rejection of 80G Application
Pune ITAT restores Action For Impact Foundation’s 80G application, setting aside CIT’s rejection on delay grounds. Matter...
ITAT Pune rules on Faurecia Automotive Holding case, clarifying FTS and Royalty taxation. Reverses AO’s order on...
ITAT Delhi addresses AT&T’s appeals, quashing adjustments for notional interest on receivables, mark-up on domestic services, and...
Bombay High Court sets aside reassessment notices for AY 2017-18, ruling Jurisdictional AO lacks authority to issue...
ITAT Mumbai overturns PCIT’s Section 263 order against Inter Gold (India) Pvt. Ltd. Tribunal finds AO’s assessment...
Delhi High Court orders CBDT to allow Cosmo Films to manually file or update software for AY...
ITAT Mumbai held that where the entire foundation of reopening solely based on material found during the...
Delhi ITAT sets aside a Section 263 revision after ruling the underlying reassessment order was void from...
Delhi ITAT nullifies an assessment, ruling that an Assessing Officer lacks jurisdiction without a valid Section 127...
Learn how new ITR business codes impact tax filing. Key additions include codes for influencers and traders....
ITAT ruled DTAA exemption cannot be denied solely for non-availability of a Tax Residency Certificate (TRC). Circumstantial...
ITAT Delhi held that imposition of penalty u/s. 270A(9)(a) of the Income Tax Act without mentioning the...
ITAT Ahmedabad holds NFAC wrongfully dismissed appeal on delay; remands case involving ₹213 Cr additions on grants...
ITAT Delhi held that taxability of service receipt amounts in terms of India- Thailand DTAA needs fresh...
ITAT Delhi rules DVO reference before Sec 148 notice invalid; deletes Rs 2.28 Cr addition in Aerens...
ITAT Raipur held that non issuance of notice u/s. 142(1) of the Act and non serving of...
Delhi High Court dismisses Revenue’s appeal in Modipon Ltd. case, ruling against strict application of Section 50C...
Budget 2025 updates tax slabs under section 115BAC, offering zero tax up to ₹12 lakh income with...
The Kerala High Court ruled that cash loans exceeding Rs. 20,000 violate the Income Tax Act and...
The CBDT has introduced a new mechanism through Circulars 5/2025 and 8/2025 to waive interest on delayed...
Learn about the taxation of Systematic Withdrawal Plans (SWP), Income Distribution cum Capital Withdrawal (IDCW), and Growth...
Meghalaya High Court directs tax authorities to accept a manually filed revised IT return from Shyam Century...
Calcutta High Court restores reassessment for bogus LTCG, finding ITAT erred by ignoring AO’s evidence and satisfaction...
ITAT Pune remands case regarding set-off of brought-forward business losses against deemed short-term capital gains from depreciable...
Delhi High Court sets aside tax action against Rajat Sharma’s Independent News Service Pvt. Ltd. over alleged...
Kerala High Court invalidates income tax reassessment for AY 2016-17, citing a statutory time bar as escaped...
Kerala High Court sets aside reassessment against co-operative bank, ruling proceedings based on a cancelled PAN denied...
Ahmedabad ITAT dismisses Jigar Patel’s appeal, affirming Rs. 49.55 lakh addition as unexplained cash credit from agricultural...
ITAT Kolkata has remanded the Senate of Serampore College’s tax exemption application to the CIT(E) due to...
Kerala High Court quashes tax assessment; rules show cause notice sent to an old email ID is...
Chhattisgarh High Court reinstates a tax case involving SECL, allowing 7 days to cure procedural defaults after...
ITAT Nagpur condones delay in filing and remands income tax appeal by Amol Kolakar back to CIT(A)...
Calcutta High Court remands income tax appeal, setting aside NFAC’s order due to lack of personal hearing...
This article offers a timely and easy-to-understand comparison between the old and new tax regimes, updated for...
Bombay High Court rules reassessment notices by Jurisdictional Assessing Officers are invalid under the Faceless Assessment Regime,...
ITAT Delhi dismissed Revenue’s appeal, upholding the deletion of Rs. 11.23 crore addition, clarifying that capital creditors...
ITAT Delhi rules PCIT’s Section 263 invocation on interest disallowance invalid when loan addition is pending before...
Suggestions to simplify 12AB and 80G renewal for charitable trusts, proposing conditional approvals, straight-through processing for compliant...
Learn how to register as a Representative Assessee on the Income Tax e-Filing portal to fulfill tax...
Kerala High Court rules Section 264 revisional authority can only review existing orders, not issue directions to...
Delhi ITAT rules interest under Section 28 of Land Acquisition Act is capital receipt, exempt under Section...
ITAT Ahmedabad confirms CIT(A)’s decision, ruling Section 69A inapplicable as high-value bank transactions were explained and recorded....
ITAT Delhi held that initiated the reassessment proceedings under section 148 of the Income Tax Act only...
ITAT Mumbai overturns cash deposit addition for Suresh Yadav, citing prior bank withdrawals for medical treatment. Rules...
The Central Government grants income tax exemption to Puducherry Building and Other Construction Workers Welfare Board for...
Andhra Pradesh Building and Other Construction Workers Welfare Board is exempt from income tax on specific income,...
The Indian government has granted income tax exemption to the Moradabad Development Authority from Assessment Year 2024-25,...
CBDT Notification 120/2025 grants income tax exemption to Greater Ludhiana Area Development Authority from AY 2024-25, per...
ITAT Mumbai rules cooperative housing societies can claim Section 80P(2)(d) deduction on interest from co-operative banks. Interest...
In this blog post, I’ll break down what these schedules are, provide real-world examples, and explain how...
For AY 2025-2026, the CBDT has introduced amendments to Form 3CD, with some impacting Form 3CB indirectly,...
Income Tax Bill 2025 proposes changes to Section 271B penalty, aiming for proportionality and reduced litigation in...
Income-Tax Bill 2025: The Select Committee debated expanding the “accountant” definition. The Ministry of Finance upholds the...
India’s New Income-Tax Bill 2025: Introduced to simplify the nation’s direct tax laws, this bill aims to...
Bombay High Court dismisses revenue’s appeal, affirming that income tax penalty notices must clearly specify grounds of...
Calcutta High Court hears appeal on the validity of tax penalties under Section 271(1)(c), specifically if show-cause...
ITAT Mumbai held that the claim for deduction under section 80G of the Act in respect of...
Beware of tax refund scams. The Income Tax Department is cracking down on fraudulent ITR claims. File...
Karnataka High Court allows PCIT’s appeal, upholding a Section 263 revision for non-disallowance of commission payments without...
CBDT Circular 9/2025 offers partial relief for higher TDS/TCS on inoperative PANs, extending compliance deadlines for taxpayers...
India’s Finance Ministry details VDA/cryptocurrency tax revenue, compliance tools, and official training, addressing tax evasion concerns The...
NFAC deletes penalty on taxpayer misled by unqualified agent; case highlights misuse of fake deductions, procedural lapses,...
Eligible Indian startups can get 100% income tax exemption for 3 years under Section 80-IAC. Learn eligibility,...
ITAT Chennai remands Wavoo Real Estate’s tax appeals to AO for fresh adjudication, citing ex-parte assessment and...
Understand the income tax implications of upfront lease premiums in BOT leases for lessors and lessees, including...
ITAT Cochin allows Section 11 exemption for Sree Narayana Dharma Paripalana Youvajana Samithi’s Kuri business income, citing...
ITAT Raipur sets aside ex-parte CIT(A) order for Ram Bishal Sharma, citing invalid email notice service and...
ITAT Delhi ruled that Section 115BBE’s higher tax rate applies only to transactions from April 1, 2017,...
The ITAT Nagpur has condoned a 510-day delay in an income tax appeal, finding the assessee’s reasons,...
Raipur ITAT remands Maa Harsiddhi Infra Developers’ appeal to CIT(A) for re-adjudication, citing natural justice despite non-compliance...
The Jammu & Kashmir High Court has ruled that a Schedule Tribe member’s income is not exempt...
The Allahabad High Court has granted bail to Kumari Chandani Chauhan, accused in an Income Tax job...
ITAT Hyderabad held that NHAI grant shall not be reduced from the cost of project before allowing...
Gujarat High Court held that assessee is not at fault for delay caused in filing the return...
ITAT Chandigarh held that addition based on statement is liable to be quashed as the statement was...
ITAT Nagpur held that co-operative society is eligible to claim deduction under section 80P of the Income...
Understand TCS Form 27EQ filing requirements, quarterly return due dates, monthly challan payment deadlines, and interest implications...
Simplify your ITR-2 filing for AY 2025-26 with this step-by-step guide, covering capital gains, property sales, and...
ITAT Mumbai upholds deletion of deemed rental income on unsold flats and Section 14A disallowance for Haware...
The ITD has been closely watching tax filings and using smart tools, like data analysis and even...
Learn how non-residents can avail beneficial tax rates under DTAA when receiving Indian income, based on Section...
Understand the severe repercussions of not filing income tax returns in India, including penalties, legal actions, and...
Finance Ministry updates special courts under Benami Act; Raipur and Jaipur court designations revised in July 2025...
CBDT notifies New Okhla Industrial Development Authority as exempt under Section 10(46A), effective from AY 2024–25, subject...
Assessee is a co-operative society engaged in the business of providing credit facilities to its members. Assessee...
ok Sabha Select Committee, which has proposed 285 amendments to the draft Income-Tax Bill, 2025, largely focused...
ITAT Cochin rules Envestnet Asset Management’s assessment order time-barred, emphasizing mandatory timelines and proper record-keeping by tax...
Bombay High Court rules Rediff.Com can deduct expenses for abandoned capital work-in-progress, affirming ITAT’s decision based on...
ITAT Mumbai remands Gabriel India’s tax appeal over Rs. 72 lakh capital work-in-progress dispute. CIT(A) ordered to...
Understand the Annual Information Statement (AIS) on the Income Tax website, a comprehensive record of your financial...
ITAT Lucknow quashes Rs. 3.34 Lakh penalty on Mohd Husain, citing lack of fair opportunity by tax...
ITAT Mumbai rules on taxation of unsold real estate inventory for Sabarmati Capital One Ltd., clarifying Section...
ITAT Lucknow directs re-assessment for Ashok Kumar’s petrol pump business, citing denial of natural justice due to...
Calcutta High Court sets aside an Income Tax Act Section 154 order for AY 2013-14, as it...
Income Tax Appellate Tribunal sets aside PCIT’s revisionary order against Synwave Industries, ruling original assessment not erroneous....
The Gauhati High Court has ruled that a retired High Court Judge and Upa-Lokayukta cannot be penalised...
ITAT Cochin affirms PCIT’s order for AO to verify loan interest deduction and Section 14A applicability after...
Bombay High Court set aside reopening of Genesys International’s AY 2015-16 tax assessment, ruling it a mere...
ITAT Kolkata ruled for Salt Lake Sanskritik Sansad, stating late filing of Form 10BB does not deny...
Delhi ITAT confirms Delhi Bureau of Text Books’ educational activity, allowing Section 11 exemption despite surplus from...
Madras High Court affirms that Section 80HHC deduction is granted without reducing Section 80IB benefit, citing Supreme...
Understand the taxability of royalty income for German companies in India, DTAA applicability, and the procedure for...
India’s Income Tax Department launched a major crackdown on fake deductions and bogus refunds in July 2025....
Prasad Film Laboratories Pvt. Ltd. Vs ACIT (Telangana High Court) Payments in Normal Business Course Not Deemed...
ITAT Mumbai clarifies derivative income taxability for Mauritius fund. Rules derivatives are distinct from shares, exempting gains...
Learn how to file ITR 1 Sahaj online for FY 2024-25 under India’s New Tax Regime. A...
Learn lawful gifting strategies using debt mutual funds, capital assets, and property transfers to reduce income tax...
ITAT Bangalore rules that merely disallowing advances written off and interest claims does not warrant a penalty...
India’s Income Tax Department initiates nationwide verification against bogus deduction and exemption claims, warning taxpayers of penalties...
Ministry of Finance exempts Haryana’s District Legal Service Authorities from income tax on specific income sources, effective...
CBDT grants tax exemption to BBNDA for FYs 2013–2018 on specific incomes. Conditions apply, including non-commercial activity...
Key compliance requirements for foreign companies establishing Indian subsidiaries, covering resident directors, RBI filings, board meetings, tax...
Learn how to reconcile mismatches between Form 26AS and AIS for AY 2025-26. Avoid defective returns and...
Income Tax Department’s crackdown on fraudulent tax claims reveals misuse of deductions and exemptions under various sections....
ITAT Nagpur held that addition on account of LTCG in the hands of firm not justified as...
ITAT Mumbai held that addition under section 68 of the Income Tax Act cannot be sustained as...
The cancellation of registration under Section 12AB was not justified as PCIT lacked jurisdiction and that the...
The ITAT Rajkot recently deliberated on whether a co-operative society could be denied an 80P deduction for...
ITAT Ahmedabad allows co-operative societies to claim 80P(2)(d) deduction on interest from co-op banks, distinguishing it from...
ITAT Mumbai addresses a cooperative housing society’s appeal, examining the disallowance of Section 80P deductions by CPC...
Delhi ITAT voids IHG IT Services’ assessment for AY 2010-11, citing procedural delay in passing the final...
ITAT Raipur nullifies Mir Zardari Qureshi’s assessment, ruling original Section 148 notice issued by non-jurisdictional officer was...
Delhi High Court sets aside an income tax reassessment for AY 2016-17, ruling the sanction by PCIT...
ITAT Mumbai quashes Rs. 2.23 crore tax addition on Anil Jaggi, citing invalid approval for reassessment, a...
ITAT Pune deletes ₹5.1 Cr income tax addition against Pradeep Runwal, ruling loose papers from a third-party...
India’s net direct tax collections fell by 1.34% to ₹562,827 crore by July 10, 2025, despite a...
ITAT Ahmedabad allows Khedbrahma Taluka Primary Teachers Co-op. Credit Society Ltd. 80P deduction despite a minor delay...
The ITAT Delhi has allowed an 80IC deduction for Mantangi Rubber Pvt. Ltd. despite a 46-minute delay...
Mumbai ITAT rules in favor of M.K. Shelters, quashing income additions for multiple years. The tribunal cited...
ITAT Mumbai rules cash deposits in SBNs during demonetization, with explained sources, cannot be treated as unexplained...
Mumbai ITAT dismisses Section 68 addition on NICAF LLP, clarifying that Section 47(xiiib)(f) violations relate to capital...
Understand the Insolvency and Bankruptcy Code’s provisions for minimum payments to operational and dissenting financial creditors, including...
Himachal Pradesh High Court stays Section 148 notice, ruling jurisdictional officer lacked authority under the Faceless Assessment...
Ahmedabad ITAT rules in favor of Sudhirbhai Pravinkant Thaker, deleting cash addition, stating previous bank withdrawals can...
Delhi ITAT deletes Section 69A cash additions against senior citizens Nand Kumar Taneja and Nita Taneja, citing...
Mumbai ITAT rules for Larsen & Toubro, quashing reassessment notices for AY 2014-15 & 2015-16. Notices found...
ITAT Mumbai sets aside reassessment for advocate Nilanjana Arvinder Singh (AY 2013-14, 2014-15), ruling Section 148 notices...
Understand Section 43 of the IBC, covering preferential transactions, antecedent debt, look-back periods for related and unrelated...
Ministry of Finance notifies IREDA bonds issued post-July 9, 2025, as long-term specified assets under Section 54EC...
A Mumbai Tribunal ruled that CSR donations, while not business expenses, are deductible under Section 80G if...
ITAT Mumbai dismisses Revenue’s appeal against Thirumalai Marketing & Investments Ltd., upholding the assessee’s proof of the...
Bangalore ITAT remands Om Prakash Girgaonkar’s appeal to AO, citing potential double addition on property purchase and...
Understand ITR filing requirements for salaried individuals, including applicability, forms, deductions, tax regimes, and a step-by-step guide...
A guide for residents buying property in India from non-residents. Understand TDS under Section 195, payment modes,...
Bangalore ITAT cancels reassessment proceedings against Amit Kumar Banthia (HUF) due to the Assessing Officer’s failure to...
SC issues notice in SLP challenging Bombay HC’s rejection of COVID-19 limitation benefit in IT appeal under...
ITAT Chennai holds reassessment notice under Section 148 for AY 2013–14 as time-barred, relying on Supreme Court’s...
Court had conditionally remanded an income tax assessment order after the petitioner was unable to opt for...
Delhi ITAT voids Rolls Royce India’s assessment order for AY 2017-18, citing the AO’s failure to adhere...
Delhi ITAT deletes income tax additions based on loose papers, citing lack of corroborative evidence and AO’s...
ITAT Delhi quashes an addition made by the DCIT against Virender Verma, finding the accommodation entry allegation...
Understand tax relief for tuition fees, education loans, and allowances under Income Tax Act. Learn what parents...
The ITAT Delhi set aside a reassessment order against Aashiyana Infrastructure Development Pvt. Ltd., citing a violation...
Understand why ITR-2 and ITR-3 utilities are delayed for AY 2025-26, impacting taxpayers and professionals, due to...
ITAT Ahmedabad rules an email notice is invalid if the assessee opted for physical notice in Form...
ITAT Ahmedabad remands Ratansinh Solanki’s case, setting aside Section 69A additions. Fresh adjudication ordered, allowing admission of...
Understand Section 44AB tax audit requirements, including turnover limits, reporting forms (3CD), penalty provisions, and key compliance...
Filing tax returns without expert help may cause costly errors. Learn why DIY tax filing tools and...
ITAT Mumbai held that the addition in respect of bogus purchases is to be limited to the...
ITAT Bangalore remands Sardar Imtiyaz Pasha’s appeal to AO, citing unfair profit estimation and denial of fair...
Kerala High Court held that section 245C doesn’t prescribed any prior cut-off date for filing settlement application....
Telangana High Court held that granting registration under section 12A retrospectively is not permissible as cogent reasons...
ITAT Jaipur held that addition towards unexplained money under section 69A of the Income Tax Act merely...
Understand capital gains tax on jointly held properties in India. Learn about beneficial ownership, funding patterns, clubbing...
ITAT Delhi held that granting of single approval under section 153D of the Income Tax Act for...
Understand taxation of partnership firms in India, covering firm-level tax, partner remuneration, capital contributions and tax implications...
The ITAT Delhi ruled reassessment notices issued to a dissolved firm, Ganesh Commodity Brokers, were invalid as...
ITAT Hyderabad held that reference to special audit u/sec.142(2A) of the Act dated 31.12.2018 without satisfying the...
Stay on top of important compliance deadlines including GST, ESI, PF, SEBI, and Income Tax filings, with...
ITAT Agra held that where registration has been granted to trust under section 12AA of the Income...
Learn how to file your income tax return using AIS and Form 26AS with TaxBuddy’s DIY app....
Learn how pensioners can file income tax returns effortlessly using TaxBuddy’s DIY platform. Step-by-step instructions tailored for...
Held that merely because of non-participation of the assessment proceedings, the valuable right of the petitioner would...
The Tribunal therefore, has rightly affirmed the conclusion arrived at by CIT(Appeals) in deleting the tax demand...
ITAT Mumbai held that short-term capital loss [STCL] on which STT is paid [which is taxable at...
Gujarat High Court rules on condoning delay in tax return filing for a non-resident Indian, emphasizing “genuine...
Understand Income Tax scrutiny under Section 143(2) for AY 2024-25, faceless process, key deadlines, documents needed, and...
Learn how strategic income tax filing and claiming key deductions in 2025 can help you save more....
ITAT Mumbai held that dividend paid to International Finance Corporation is exempt from Dividend Distribution Tax chargeable...
AO treated this amount as fees for technical services (FTS) taxable in India, and Dispute Resolution Panel...
ITAT Raipur held that addition of commission @1% on bogus sales transacted upheld as no plausible explanation...
ITAT Pune held that delay of 02 seconds in filing income tax return [ITR] is to be...
Ministry of Finance announces amendment to Section 48 of the Income-tax Act, 1961, introducing a new cost...
Tax deductions for interest paid on loans play a significant role in personal tax planning, offering relief...
ITAT Bangalore dismissed Karuturi Global’s appeals due to improper verification by directors and the tax department’s appeals...
ITAT Delhi held that invocation of provisions of section 40A(3) of the Income Tax Act not justifiable...
ITAT Mumbai held that Private Discretionary Trust whose income is chargeable to tax at maximum marginal rate...
ITAT Nagpur ruled that loose papers found with a third party cannot justify income addition without corroborative...
ITAT Bangalore ruled in favor of Thejaswini Jakkaraju, allowing the Section 87A tax rebate on a revised...
ITAT Pune condones delay, restores six appeals to CIT(A) for merit-based decision, citing non-compliance with Section 250(6)...
Mumbai ITAT deletes ₹42 lakh ‘on money’ addition against assessee, citing tax officer’s failure to provide cross-examination...
Mumbai ITAT dismisses appeal against assessee, citing invalid Section 148 notice due to improper sanction and lack...
ITAT Bangalore reinstates Dhwani Shristi Foundation’s tax exemptions, ruling genuine charitable activities outweigh expenditure quantum for registration....
Delhi High Court addresses Fujitsu India’s transfer pricing appeal, validating ‘headcount’ for expense allocation and remanding comparable...
ITAT Delhi quashes reassessment for AY 2016-17, ruling the AO obtained improper sanction from Principal Commissioner instead...
The Delhi ITAT ruled that simply writing off a bad debt in the books is enough to...
Hyderabad ITAT rules that TDS credit cannot be denied solely on account of sales returns. Rule 37BA...
The Punjab and Haryana High Court examined the Commissioner of Income Tax’s powers under Section 263, emphasizing...
ITAT Bangalore quashed a Section 263 revision order concerning a Section 54F deduction, citing insufficient inquiry by...
ITAT Ahmedabad deletes arbitrary disallowances under Section 40A(2)(b), emphasizing AO’s burden to prove excessiveness in related party...
ITAT Mumbai quashes reassessment notices for Rising Star Investment for AY 2017-18, citing jurisdictional defects and lack...
Gujarat High Court quashes Income Tax Act Section 148 notices for AY 2015-16, citing Supreme Court precedents...
Delhi High Court held that concluded assessments cannot be reopened merely based on suspicion. Accordingly, reassessment quashed as...
KSCAA urges Union Finance Minister to reform Black Money Act (BMA) penalties. Sug-gestions include amnesty, proportional fines,...
ITAT Jaipur allowed exemption under Section 54F in Goverdhan Singh Shekhawat Vs ITO despite technical non-compliance, emphasizing...
ITAT Mumbai rules in favor of assessee, deleting a Rs 10.53 lakh cash deposit addition, citing Section...
The ITAT Mumbai has deleted unexplained cash credit additions for the Pitkar family, ruling Section 68 inapplicable...
Delhi ITAT partially allows Rohit Goel’s appeal against ACIT, addressing unexplained cash deposits, out-of-book purchases, and assessing...
Understand Indian income tax implications for non-resident shareholders on foreign company share buybacks. Learn about residential status,...
Madras High Court affirms reassessment in A. Sridevi case, citing failure of full disclosure and rejecting ‘change...
Meghavi Minerals Pvt Vs ITO (Gujarat High Court) Gujarat High Court has upheld the Income Tax Officer’s...
Madras High Court upholds reassessment against Empee Holdings, affirming factual findings on interest-free loans to group companies...
Mumbai ITAT clarifies Section 54F capital gains exemption, ruling that co-ownership does not disqualify an assessee from...
The ITAT Delhi addressed cross-appeals in Amit Gupta vs. ACIT, ruling on Section 54B deduction based on...
ITAT Jaipur clarifies Section 54F, ruling that booking a flat doesn’t equal ownership for exemption conditions. A...
ITAT Cochin examines capital gains exemption validity under Section 54F and remands agricultural income assessment for re-evaluation....
Learn to effectively handle faceless income tax scrutiny assessments. This guide covers notice receipt, timely response submission...
Understand NRI tax filing in India for FY 2024-25, including residential status, taxable income (NRO interest, rent,...
Bombay High Court slaps ₹10,000 cost on Zarah Rafique Malik for failing to inform the tax officer...
Delhi High Court orders Income Tax Department to grant full TDS credit to an NRI seller despite...
Madras High Court dismisses Revenue’s appeal, ruling that a delay in filing Form 56F cannot deny Income...
Understand NRO account repatriation rules, including the USD 1 million limit for funds, current income remittance, and...
Delhi High Court sets aside reassessment notice against Well Trans Logistics, citing lack of independent application of...
Mumbai ITAT dismisses PCIT’s Section 263 order against Kisan Agro Mart, ruling a presumed 3% commission on...
Dehradun ITAT rules Form 10B filing is directory, not mandatory, allowing charitable trusts to claim Section 11...
ITAT Delhi rules that royalty income, uncertain in collection, cannot be taxed merely due to TDS deduction....
The Madras High Court has remanded a GST case involving Tvl.Manikandan-SKR Agency, despite the appeal being time-barred,...
The ITAT Delhi dismissed GE Steam Power Systems’ appeals for AY 2015-16 and 2016-17 after the company...
The ITAT Ahmedabad has remanded a case concerning Smasta Gurjar Kshatriya Kadiya Samaj Navsari, stating 80G exemption...
Gujarat HC ruled that rental income from a property held as stock-in-trade by a construction business is...
A protocol amending the Double Taxation Avoidance Agreement (DTAA) between India and Oman came into force on...
ITAT Bangalore allows Section 54F deduction for Ramaiah Dorairaj, ruling that direct investment in a new house...
Mumbai ITAT rules against taxing notional rent on unsold flats held as builder’s stock-in-trade, preferring the Gujarat...
ITAT Kolkata rules in favor of Joy Consolidated, deleting Rs. 2.7 Cr cash credit, citing sufficient evidence...
ITAT Kolkata rules in favor of Cygnus Developers, accepting share application money as genuine, citing investor company...
ITAT Mumbai dismisses Cable & Wireless India’s appeal, ruling it non-maintainable as the assessee bypassed the first...
CBDT notifies FSSAI for income tax exemption under section 10(46A) of the Income-tax Act, effective from assessment...
Mumbai ITAT grants relief to senior citizen Neeta Rohit Patel, quashing interest under Sections 234B & 234C...
This webinar on June 28, 2025, covers Income Tax Act surveys, including types, legal frameworks, taxpayer rights,...
Join CA Ruchika Bhagat on June 29, 2025, for a webinar on NRI taxation. Learn about residential...
CBDT has notified revised ITR forms for Assessment Year (AY) 2025-26, introducing a series of notable changes...
ITAT Mumbai held that in the present case there is a surrender of tenancy rights against which...
Since the notice was issued under Section 148 in the name of a non-existing entity, despite the...
Bombay High Court rules penalty under Section 271(1)(c) not applicable for a disclosed and bona fide deduction...
NRIs becoming Indian residents must declare all foreign assets in their Income Tax Returns. Failure to disclose...
ITAT Delhi allows Hyosung Corporation to set off Indian Permanent Establishment (PE) business losses against Fees for...
Accordingly, the Petitioner preferred an application u/s. 119(2)(b) of the Income Tax Act, 1961 on 23.03.2020, seeking...
Gujarat High Court rules refunds under Vivad Se Vishwas Act are entitled to Section 244A interest for...
ITAT Mumbai quashes reassessment against Sky Scraper Properties, ruling no addition was made based on the initial...
Orissa High Court sets aside NFAC assessment order for Ramshankar Mahapatra, ruling inadequate 4-day notice violated natural...
ITAT Mumbai rules stake money paid to horse owners is not subject to TDS under Sections 194B...
Calcutta High Court upholds income estimated at 0.77% for GNG Exports after books rejection, even with initial...
Madras High Court invalidates reassessment proceedings due to improper sanction under amended Section 151, aligning with Bombay...
Delhi High Court clarifies its previous ruling, stating quashing of Section 148 notices applies only to those...
Bombay High Court rules Section 14A disallowance for expenses related to exempt income not applicable if no...
SEO Meta Description: Delhi High Court dismisses revenue appeals in CIT vs Holcim India P. Ltd. case,...
Pune ITAT rules on Cosmopolis Construction appeals, holding that notional rent on unsold stock-in-trade is business income,...
ITAT Mumbai rules on the contentious issue of taxing deemed rental income from unsold flats held as...
Mumbai ITAT rules against computing deemed rental income on unsold flats held as stock in trade, favoring...
Mumbai ITAT delivers consolidated order on Haware Construction, addressing validity of re-opening, disallowing partial bogus purchases, and...
ITAT Bangalore allows Section 54F capital gains exemption for an assessee, validating oral Hiba (gift) under Mohammedan...
Mumbai ITAT rules joint ownership of residential property does not bar Section 54F capital gains exemption, favoring...
ITAT Ahmedabad dismisses Revenue appeals, classifying share trading income as short-term capital gains and allowing Section 54F...
Explore the growth in direct and advance tax collections for FY 2025-26 as of June 19, 2025,...
India sees a 45% rise in foreign asset reporting for AY 2024-25. CBDT’s initiatives under AEOI ensure...
ITAT Raipur rules in favor of Asha Soni, vacating a Rs. 35 lakh unexplained cash credit. The...
ITAT Mumbai rules that gifts received shortly after marriage are exempt under Section 56(2)(vii) of the Income-tax...
A new finance ministry notification grants TDS exemptions for specific payments to International Financial Services Centre (IFSC)...
ITAT Kolkata deletes ₹7.22 Cr addition for Unique Finance & Securities Pvt. Ltd., citing prior year precedent...
ITAT Mumbai grants Section 54F exemption to Ratan Mahendra Jain for purchasing a duplex unit, clarifying it...
ITAT Jaipur remands Setu Sansthan’s tax exemption case, citing natural justice and DIN issues. Non-registration under RPT...
For financial year 2024-25, Income Tax Department has introduced new disclosure requirements that must be carefully noted....
A Comprehensive Analysis of Undisclosed Incomes under Sections 68 to 69D of the Income-tax Act, 1961, Taxation...
Additions Based on third-party Seized Documents & Retracted Statements Unsustainable: ITAT Bangalore
Additions Based on third-party Seized Documents & Retracted Statements Unsustainable: ITAT Bangalore
Bangalore ITAT deletes tax additions based on third-party seized documents and retracted statements in DCIT vs. Gopal...
Understand capital gains tax on equity shares, including long-term and short-term classifications, and tax treatment for F&O...
Discover complete tax guide for senior citizens (aged 60 and above) for FY 2024-25, covering due dates,...
ITAT Hyderabad held that denial of exemption under section 54F on allegation of more than one residential...
Bombay High Court dismissed income tax appeals by the CIT against Agastmuni Construction, citing CBDT Circular No....
Global Investing, Local Taxes: A Complete Guide to Reporting Foreign Assets and Income in Your Indian ITR...
ITAT Jaipur held that since reasons for incomplete details in Form No. 10AB are curable in nature,...
ITAT Pune held that penalty under section 271AA of the Income Tax Act is not imposable in...
Bangalore ITAT mandates 80G approval for Academy of General Education, clarifying CIT(E)’s scope is limited to verifying...
ITAT Bangalore overturns CIT (Exemptions)’s rejection, granting City Hospital Charitable Trust 80G approval. The tribunal clarified the...
Indian tax residents must report foreign assets and income in their ITRs, regardless of value. Non-disclosure can...
ITAT Jaipur held that denial of exemption u/s. 10(23C)(iiiad) of the Income Tax Act for non-filing of...
Gujarat High Court rules tax recovery notices invalid for V.S. Texmills after NCLT approved resolution plan, reinforcing...
ITAT Ahmedabad reverses Aatman Foundation’s 80G approval rejection, citing inadvertent form error and judicial precedents, remanding the...
ITAT Ahmedabad reversed the 80G approval rejection for Senior Citizen Council Gandhinagar, remanding the case due to...
Mumbai ITAT rules STT-paid short-term capital loss can be set off against non-STT short-term capital gains, allowing...
Chennai ITAT grants 80G approval to Matha Medical Centre Trust, affirming that providing affordable medical services in...
Ahmedabad ITAT directs tax authorities to re-verify V N Exports’ books for demonetization cash deposits, citing prior...
Delhi High Court dismisses appeals, reiterating Supreme Court ruling that payments for software use/resale are not royalties...
Mumbai ITAT rules against taxing gross receipts of a trust that lost Section 11 exemption, mandating only...
ITAT Delhi held that assessment order passed by AO under section 153C read with section 143(3) of...
CBDT has designated DGIT (Systems) as the authority to share income tax return filing status and income...
Calcutta High Court upholds Tribunal’s decision, dismissing revenue’s appeal in Mallcom VSFT Gloves case regarding Section 68...
ITAT Delhi deletes unexplained cash credit additions for Technosys Integrated Solutions Pvt Ltd, finding investments were not...
Delhi High Court dismisses Revenue’s appeal, reaffirming that subscription payments for cloud services to non-resident computer suppliers...
Delhi ITAT sets aside PCIT’s revisionary order concerning depreciation on goodwill for AY 2016-17, citing incorrect application...
ITAT Patna sets aside CIT(A) order in Rs. 58 lakh unexplained property case, citing natural justice. Remands...
ITAT Delhi rules interest on enhanced compensation for acquired agricultural land is taxable as ‘income from other...
ITAT Mumbai affirms 25% addition on fictitious purchases by Vinod Omprakash Kainya, citing un-rebutted hawala transactions and...
Delhi HC sets aside TDS order under Section 201(3) of Income Tax Act for exceeding the statutory...
The Income Tax Appellate Tribunal (ITAT) Ahmedabad upheld the deletion of a Rs. 3.11 crore addition to...
ITAT Jaipur to rule on NRI Ravindra Gaur’s Rs. 86 lakh NRE account deposit, claimed as foreign...
Delhi High Court rules in favor of Russian Technology Centre on share capital additions, clarifying Section 68...
Overview of Income Tax Returns (ITR) in India, detailing different forms (ITR-1 to ITR-7) based on taxpayer...
Understand how Section 50AA impacts capital gains on debentures. Explore judicial rulings and the new Income Tax...
Understand India’s SPAC taxation complexities, from capital gains and PE issues to tax arbitrage. Explore tax-efficient alternatives...
India’s income tax filing season for Assessment Year (AY) 2025-26 (Financial Year 2024-25) is off to a...
Calcutta High Court upholds quashing of an assessment order due to the Assessing Officer’s inherent lack of...
ITAT Pune remands Sai Shikshan Prasarak Mandal’s exemption case (Sec 10(23C)(iiiad)) to CIT(A), citing lack of fair...
ITAT Cochin partially allowed an NRI assessee’s appeal, restricting the disallowance of construction costs to Rs. 10...
ITAT Delhi dismissed revenue appeals against Jindal Pipes Ltd., upholding deletion of disallowances on technical know-how fees...
ITAT Delhi rules in favor of assessee, deleting Section 68 additions for unsecured loans from director and...
Nagpur ITAT dismisses Shri Sant Gajanan Maharaj Urban Co-operative Credit Society’s appeal against a Section 271D penalty,...
ITAT Surat condones a 1740-day delay in Chirag P. Thummar’s penalty appeal, citing advocate’s mistaken advice and...
ITAT Chandigarh condones delay and remands Mukesh Mittal’s penalty appeals back to CIT(A), citing a prior ITAT...
ITAT Bangalore rules against extrapolating unaccounted sales without concrete evidence in DCIT vs. Kanva Diagnostic Services. Admissions...
CBDT outlines parameters for compulsory income tax scrutiny for FY 2025-26, including survey, search & seizure cases,...
Cochin ITAT confirms additions against Sreepathy Trust for AY 2013-14 and 2016-17 due to insufficient evidence for...
ITAT Cochin confirms ₹1.05 Cr cash deposit addition for AY 2017-18. Assessee failed to explain source from...
A key area of contention has been whether cost incurred for purchase of land or commencement of...
ITAT Cochin rules in favor of assessee Chemangattu Jose John, deleting Section 69A addition related to property...
Learn about the significant changes to Indian income tax refund processing effective April 1, 2024, impacting both...
ITAT Mumbai remands Zarina Foundation’s case to CIT(E) after registration was rejected for an incorrect provision selected...
ITAT Delhi dismisses revenue appeal, upholding the quashing of reassessment proceedings against Vishal Gold & Precious Stones...
Delhi High Court rules Income Tax’s CPC cannot repeatedly rectify intimations under Section 143(1)(a) after initial rectification,...
Delhi High Court rules previous year losses are not included in “tax effect” calculation under CBDT circular...
Ministry of Finance designates specific NABARD bond as zero coupon for tax exemption. Learn about the bond’s...
Mumbai ITAT quashes reassessment for Sonali Dharmendra Mhatre, ruling it time-barred under Section 149(1)(b) as the escaped...
Pune ITAT remands Mangala Foundation’s 12AB and 80G applications to CIT (Exemption) for fresh consideration due to...
Mumbai ITAT rules in favor of Archana Foundation, allowing tax exemption despite 18-day filing delay, citing reasonable...
Delhi High Court orders expeditious disposal of Casio India’s 12-year-pending income tax appeal, noting ₹3.5 crore recovery...
ITAT Hyderabad remands Mahindra University’s 80G application to CIT(E), citing arbitrary rejection despite prior 10(23C)(vi) approval for...
Delhi HC ruled in Sahara India Life Insurance Co. case that Section 271(1)(c) penalty is invalid if...
An assessee’s appeal against a 2018-19 tax assessment regarding unexplained receipts from a foreign loan repayment. This...
AO held that assessee had made repayment of the loan to M/s. Tata Finance Corporation in that...
The company had sought a NIL tax deduction certificate under Section 195, arguing that the payments did...
Central Government notifies Greater Noida Industrial Development Authority under Income Tax Act, 1961, Section 10(46A), effective AY...
SC upheld Gujarat HC’s decision to quash reassessment notice issued by Income Tax Department, citing lack of...
Court rules income from white button mushroom cultivation under controlled conditions qualifies as agricultural income, exempt from...
Income tax deductions for FY 2025: If you have added all the relevant and applicable income tax...
ITR 1 Sahaj Eligibility: Taxpayers are preparing for the yearly rite of filing their Income Tax Returns...
ITR Filing 2025 FAQs: The income tax return filing season for the financial year 2025 (AY 2025-26)...
Income Tax Bill 2025: In a major update that every individual and tax paying citizen must know...
Income Tax ITR Forms Online: The income tax return filing 2025 season has finally started, and taxpayers...
Introduction:
Income tax planning is an essential component of financial health, and using legitimate techniques to minimize tax...
Introduction: Income tax planning is an essential component of financial health, and using legitimate techniques to minimize...
Introduction: Income tax planning is an essential component of financial health, and using legitimate techniques to minimize...
Introduction: Income tax planning is an essential component of financial health, and using legitimate techniques to minimize...
Introduction: Income tax planning is an essential component of financial health, and using legitimate techniques to minimize...