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ITR-3 for AY 2026–27 Now Available on Income Tax e-Filing Portal; Online Filing and Excel Utility Enabled

Taxpayers and tax professionals can now begin preparing their income tax returns for Assessment...

Excess Royalty Refunded Under APA Cannot Be Taxed: Bombay High Court

The Bombay High Court has held that excess royalty refunded under Advance Pricing Agreement...

No ‘On-Money’ Addition Solely Based on Unsigned Excel Sheet Found from Third Party: ITAT 

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

Reassessment Notice Issued Beyond ‘Surviving Time’ Limit Under TOLA Quashed: Gujarat HC

The Gujarat High Court has quashed a reassessment notice issued under Section 148 and...

Wrong Selection of S. 10(23C) Instead of S. 12AB Requires Fresh Examination Under CBDT Circular: Kerala High Court

The Kerala High Court has held that the wrong selection of section 10(23c) instead...

Pre-29 March 2022 Faceless Reassessment Orders Valid: ITAT 

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) had upheld the validity...

Gains from Strategic Investments and Venture Capital Funds Taxable as Capital Gains, Not Business Income: ITAT

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

ITAT Restores Ex Parte Reassessment Case After 1-Year Delay Subject To  Deposit Of Rs. 15K

The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has condoned a delay...

Leave Encashment Earned During Central Government Service Eligible for Full Tax Exemption: CIT(A) [READ ORDER]

A significant relief has been granted to a retired Bharat Sanchar Nigam Limited (BSNL)...

CA Can’t Be Taxed on Client Funds Used for Statutory Payments: ITAT Deletes Rs. 29.87 Crore Addition

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that CA can’t...

Latest articles

Unauthenticated Foreign Customs Documents Can’t Establish Pakistani Origin of Imported Dry Dates: CESTAT

The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...

Wrong Service Classification Alone Can’t Justify Extended Limitation Without Proof of Tax Evasion: Rajasthan High Court

The Rajasthan High Court has held that mere classification of services under an incorrect...

No Right To Representation Against Anti-Dumping Findings: Delhi High Court

The Delhi High Court has held that constitutional courts cannot routinely direct authorities to...

Coal Purchasers Can’t Be Saddled with Clean Energy Cess or Penalty Without Proof of Knowledge: Gauhati High Court

The Gauhati High Court has held that purchasers of coal cannot be made liable...