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Tax Demand Can’t Be Raised Through Computation Sheet When Assessment Accepts Returned Income Without Additions: ITAT

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

S. 54F Exemption Can’t Be Denied Merely Because Sale Deed Was Executed Later Due to Project Delays: ITAT

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

Bombay High Court Pulls Up ITAT for Repeatedly Releasing Reserved Matters Without Judgment

The Bombay High Court has expressed strong displeasure over the repeated practice of the...

Income Tax Dept. Grants 10-Year Registration U/s 12AB to Religious Institution, Subject to Strict Compliance Conditions [READ ORDER]

The Commissioner of Income Tax (Exemptions), Chandigarh, has granted registration under Section 12AB(1)(b) of...

Bhagavad Gita Discourses Do Not Make Trust Religious; ITAT Directs 12AB Charitable Status and 80G Approval

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

Assessment Time Limit Can’t Be Extended by Invoking General DVO Provision Where S. 50C Specifically Applies: ITAT

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

Unexercised ESOP Buyback Taxable as Capital Gains, Not Salary Perquisite: ITAT

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

Black Money Act Notice Issued Nearly 1 Year Late, Holds CBDT’s 30-Day Timeline Binding: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed Black Money...

Form 26AS Import Glitch Surfaces on ITR Due Date

After an otherwise smooth Income Tax Return (ITR) filing season, several taxpayers and tax...

Warnings Against AI-Generated Hallucinated Citations: Delhi HC Quashes Income Tax Appellate Order Based on Non-Existent Judgment

The Delhi High Court has delivered a significant ruling on the growing menace of...

Bombay HC Declines to Decide India–China DTAA Taxability Issue While Same Dispute Is Pending Before ITAT

The Bombay High Court has declined to adjudicate a significant international taxation dispute involving...

Gujarat High Court Upholds ITAT’s 10% Addition in Bogus Purchase Case

The Gujarat High Court has reaffirmed that where an assessee's sales are accepted and...

Latest articles

Customs to Roll Out SOP-Based Assessment Framework for 100 Key Imports to Reduce FTA Disputes and Speed Up Clearances

The Central Government is preparing a comprehensive customs playbook covering around 100 major imported...

746 Days Delay in GST Appeal Condoned: Rajasthan High Court 

The Rajasthan High Court has reiterated that while GST appellate authorities are bound by...

Exporters Can Insist on FTP Stakeholder Consultation Before Export Policy Changes: Bombay High Court

The Bombay High Court has held that amendments introduced to the Foreign Trade Policy...