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Direct Tax
S. 80P(4) Can’t Be Used to Deny S. 80P(2)(d) Deduction on Interest Earned From Cooperative Banks by Non-Bank Cooperative Societies: Sikkim High Court
The Sikkim High Court has held that Section 80P(4) under the Income Tax Act,...
Direct Tax
Income Tax Appeal on Interest Deduction for Share Investments Rejected: Madras High Court
The Madras High Court has dismissed an appeal filed by the Income Tax Department...
Direct Tax
Simultaneous Deductions Under S. 80-IA, 80-HHC Upheld: Madras High Court
The Madras High Court has dismissed an appeal filed by the Income Tax Department...
Direct Tax
Rural Branch Bad Debt Deduction Must Be Based on Aggregate Monthly Outstanding Advances, Not Incremental Lending: Madras HC
The Madras High Court has held that Co-operative Bank’s rural branch bad debt deduction...
Direct Tax
Reassessment for Excess S. 80HHC Deduction Claim Upheld: Madras High Court
The Madras High Court has upheld the validity of reassessment proceedings initiated by the...
Direct Tax
Courts Must Not Show Extra Leniency To State For Lethargic Delays in Filing SLPs: SC
The Supreme Court has dismissed special leave petitions (SLPs) filed by the Income Tax...
Direct Tax
India–UK Tax Treaty Applies to Dividend Distribution Tax: Bombay High Court
The Bombay High Court at Goa has held that Dividend Distribution Tax (DDT) is...
Direct Tax
File Rectification Application Before ITAT Within 6 Months: Bombay High Court
The Bombay High Court has held that the six-month period for filing a rectification...
Direct Tax
Approval U/s 153D Must Reflect Application Of Mind: Bombay HC
The Bombay High Court has dismissed an income tax appeal filed by the Revenue,...
Direct Tax
Addition Alleging ‘Under Reporting’ Of Rental Income Citing Info Available On Sulekha.Com Is Unsustainable: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the Income...
Direct Tax
S. 263 Can’t Override Valid Approval Under S. 153D: ITAT Quashes PCIT’s Revision Order
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a revision...
Direct Tax
Delay in Filing Form 10B is Procedural: S. 11 Exemption Can’t Be Denied on Technical Grounds: AP HC
The Andhra Pradesh High Court has held that delay in filing Form 10B is...
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Columns
New Income Tax Act, 2025 to Take Effect from April 1, 2026, Introducing Simplified “Tax Year” System
India is set to usher in a major overhaul of its direct tax framework...
Indirect Taxes
Unexplained 435-Day Delay Leads to Dismissal of Tax Revision Petition: Karnataka High Court
The Karnataka High Court has dismissed a Sales Tax Revision Petition, refusing to condone...
Notification
GSTAT Rajkot Bench Becomes Operational
The Goods and Services Tax Appellate Tribunal (GSTAT) has formally commenced operations of its...
GST
2 Year Limitation Period Prescribed For Claiming IGST Refunds Is Mandatory: Karnataka High Court
The Karnataka High Court has held that the two-year limitation period prescribed under Section...