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Political Donation Deduction Can’t Be Disallowed Solely on Third-Party Statements Without Inquiry or Cross-Examination: ITAT

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has held that a...

GOLD JEWELLERY KEPT AT HOME LIMIT | Diamond-Studded Jewellery Covered by CBDT’s Permissible Limit: ITAT

The Income Tax Appellate Tribunal (ITAT) has deleted an addition of approximately Rs. 3.86...

Cash Deposits From Sale of Mobile Recharge Coupons Can’t Be Treated as Unexplained Credits: ITAT

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...

Hybrid Seed Production on Leased Farmland Qualifies as Agricultural Activity: ITAT Deletes Addition

The Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has held that income earned from...

S. 263 Revision Can’t Be Used for Fresh Fishing Inquiry When AO Has Already Examined Issues: ITAT Quashes PCIT Order

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...

S. 271DA Penalty Notice Must Be Issued Within 6 Months of AO’s Reference; Karnataka High Court Quashes Time-Barred Cash Receipt Penalty

The Karnataka High Court has held that although penalty proceedings under Section 271DA of...

Delayed Compliance With Income Tax Notice Is Not Complete Failure: Penalty U/s 272A(1)(d) Dropped

The Income Tax Department has dropped penalty proceedings initiated under Section 272A(1)(d) of the...

NFAC Deletes Rs. 10K Penalty Against Senior Citizen Farmer For Failure to Respond to Online Tax Notice [READ ORDER]

The National Faceless Appeal Centre (NFAC) has deleted a penalty of ₹10,000 imposed under...

CIT(A) Can’t Dismiss Income Tax Appeal Merely for Non-Prosecution Without Deciding Merits: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...

Mere Suspicion From Transaction Report Can’t Justify Income Tax Reassessment Without Supporting Material: Gujarat High Court

The Gujarat High Court has quashed reassessment proceedings involving an alleged income escapement of...

Business Expenditure Can’t Be Disallowed Merely Because No Corresponding Income Was Booked: Gujarat High Court

The Gujarat High Court has held that expenditure incurred wholly and exclusively for business...

Foreign Telecom Payments By Jio Not Royalty or FTS: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed two appeals...

Latest articles

MCA Extends CCFS-2026 Deadline to September 15, 2026

The Ministry of Corporate Affairs (MCA) has extended the validity of the Companies Compliance...

MCA to Extend CCFS 2026 Deadline to September 15, 2026

The Ministry of Corporate Affairs (MCA) is set to extend the Companies Compliance Facilitation...

JURISHOUR | TAX LAW DAILY BULLETIN : 31 AUGUST, 2026

Here’s the Tax Law Daily Bulletin for  August 231, 2026.GSTGST NOTICE ISSUED IN NAME...

Key Financial Changes From September 1: ITR Deadline, LPG e-KYC, Fuel Prices and Bank Charges

Several financial deadlines, price revisions and regulatory developments are set to affect taxpayers, households,...