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Section 138 of the Income-tax Act, 1961 - High Court of Delhi Mandates Disclosure of Investigation Report Under RTI for Assessee Claiming Misuse of PAN - The High Court ruling firmly established that taxpayers must have access to information pertinent to their financial dealings, especially in circumstances involving potential misuse of their identity. The court's decision signals a significant shift towards transparency in tax administration, demanding that revenue departments adhere strictly to RTI principles, thereby enhancing the claim process for taxpayers adversely affected by fraudulent activities.

Section 220 of the Income-tax Act, 1961 - Bombay High Court Upholds Tax Authority’s Demand for 20% Deposit Before Stay of Tax Recovery - The High Court's decision underscores the significance of compliance and transparent financial reporting when seeking relief from tax demands. Assessees must proactively present robust evidence of financial hardship to support their requests for stays on tax collections. Therefore, entities facing similar situations must ensure the provision of documented, concrete financial statements to effectively support their claims while adhering to prescribed legal requirements.

Sections 68, 148A, of the Income-tax Act, 1961 - Delhi High Court Invalidates Reassessment Order Due to Lack of Allegation in Initial Notice Regarding Cash Deposits - The decision of the Delhi High Court highlights the imperative need for clarity and specificity in the communication of allegations by tax authorities. It reinforces the principle that taxpayers must be fully aware of the charges they face to mount an effective defense. This ruling serves as a guide for taxpayers, particularly partnership firms, to ensure meticulous records and transparent explanations regarding significant cash movements, particularly during marked economic events such as demonetization.

Section 127 of the Income-tax Act, 1961 - Bombay High Court Addresses Case Transfer Disputes in Income Tax Proceedings - In light of the High Court's findings, it is crucial for the CBDT and the Ministry of Finance to act decisively by investigating the actions of revenue officials regarding the transfer order and the subsequent reversal without sufficient justification. It is imperative for the authorities to reinforce protocols and guidelines that govern case transfers, ensuring that such processes remain transparent and justifiable to uphold the integrity of the tax administration system. Furthermore, it may be prudent for taxpayers to seek clarity on transfer protocols and to remain vigilant about their rights during tax assessments to safeguard their interests.

Sections 269ST, 271DA, of the Income-tax Act, 1961 - Supreme Court Mandates Reporting Obligations for Cash Transactions Under Section 269ST of the Income-tax Act; Clarifies Rights Involved in Sale Agreements Under Transfer of Property Act - The current decision mandates strict adherence to the reporting requirements for cash transactions, reinforcing a framework that combats tax evasion. Taxpayers and legal practitioners must prioritize compliance with the notification to the Income Tax Department in relevant circumstances, ensuring that all cash transactions above the threshold are properly documented and reported to avoid severe penalties or legal repercussions. Moreover, understanding the limitations of agreements to sell in property transactions is crucial for potential buyers and sellers to navigate their legal rights effectively.

Sections 69, 147, 148, of the Income-tax Act, 1961 - Revocation of Assessment Orders Against Non-Existent Entity: High Court of Gujarat Delivers Key Judgment for Amalgamated Bank - The High Court of Gujarat's ruling underscores the principle that fiscal assessments must adhere strictly to legal existence and entity status. Henceforth, entities undergoing amalgamation must ensure timely communication with the tax authorities regarding cancellation of PANs. The court's decision serves as a reminder that assessments cannot proceed against non-existent entities and that taxpayers are entitled to relief when procedural lapses occur at the government level. Tax practitioners should highlight the importance of maintaining accurate records of entity statuses to safeguard against unwarranted tax assessments.

Sections 237, 139, 119, of the Income-tax Act, 1961 - High Court of Kerala Upholds Principal Commissioner's Rejection of Delay in Filing Income Tax Return for AY 2010-11 - The High Court's decision underscores the importance of adhering to statutory deadlines concerning tax return filings. Taxpayers must actively manage their filing obligations to avoid unfavourable outcomes such as rejection of condonation requests. This judgment serves as a clear directive that procrastination in seeking remediations for non-compliance can lead to adverse rulings, potentially disenfranchising the taxpayer's ability to recoup refundable assessments.

Income Tax - Sections 37, 40, 92, 92B, 92C, 194C - Delhi High Court Deliberates on TP Adjustment for Intra-group Services and Lease Line Expenses in Recent Tax Appeal - The Delhi High Court has pronounced a decisive stance reaffirming the importance of documenting commercial activities and underlining the necessity for transparency in inter-company financial arrangements. Taxpayers engaged in intra-group transactions should rigorously substantiate their expenses with adequate documentation to avoid disallowances based on the legal principles outlined in this decision.

Income Tax - Section 153C - Supreme Court Upholds Quashing of Notices under Section 153C due to Lack of Incriminating Evidence - The Supreme Court's ruling serves as a pivotal reminder of the evidentiary requirements inherent in tax assessments under Section 153C. Tax authorities must scrutinize the presence of incriminating evidence meticulously before initiating proceedings, or risk having their notices quashed. This ruling solidifies the principle that mere assumptions or broad claims of unaccounted income will not suffice to validate a tax notice.

Income Tax - Sections 2(28A), 10(37), 56 - Legal Victory for Assessees: Kerala High Court Rules on Taxability of Compensation Interest for Compulsory Land Acquisition - The Kerala High Court’s ruling underscores the need for a nuanced understanding of interest payments in the context of compulsory land acquisitions. As a result, stakeholders must recognize that interest accrued on delayed compensation is effectively part of the compensation and should not be treated separately for tax purposes. Assessees should therefore document and assert their entitlements to capitalize on these benefits, specifically seeking exemptions under Section 10(37) when their agricultural land is compulsorily acquired.

Income Tax - Section 250 - Court Orders Expedited Resolution for Long-Pending Tax Appeal in Landmark Ruling - The Court's decision signifies an urgent call for the timely adjudication of tax appeals and reinforces the principle that unresolved matters should not linger indefinitely. Taxpayers embroiled in similar circumstances should ensure that any appeals they file are periodically followed up, in light of this ruling, and they must be prepared to seek judicial review in case of unaddressed delays, particularly when substantial periods elapse without progress.

Income Tax - Sections 147, 148, 149 - Madras High Court Rules on Reopening of Assessment, Confirms Limitations under Amended Section 149 - The Madras High Court's decision underscores a pivotal legal framework regarding the issuance of reassessment notices, reinforcing that tax authorities must be vigilant in adhering to defined timelines. All notices issued beyond stipulated deadlines, especially post-amendment, will be viewed as invalid. Therefore, it is imperative for all assessees to remain informed of the limitations under the amended tax laws and ensure compliance within the specified timelines for responses to avoid adverse implications in future assessments.

Section 254 of the Income-tax Act, 1961 - High Court Denies Mandamus to Tribunal for Additional Evidence; Upholds Tribunal's Discretion in Document Admission - The decision underscores the necessity for a party seeking a review of the Appellate Tribunal's decision to formally challenge the ruling before pursuing a writ of mandamus. It is actionable for assessees to ensure all relevant evidence is submitted in a timely manner and to understand that without a contestation of the Tribunal's discretion, their appeals for further evidence may be ineffectual.

Section 250 of the Income-tax Act, 1961 - High Court mandates Timely Resolution for Taxpayer's Grievances - Based on the outcome of this ruling, it is imperative for taxpayers, especially those whose appeals have been pending for extensive durations, to actively pursue their cases by filing appropriate writs if necessary. Tax practitioners should advise clients on the importance of following up with the appellate authorities and ensuring timely compliance with procedural requirements. This decision not only reinforces the rights of assessees to expect a prompt hearing but also serves as a judicial check on the operational timelines of the tax department. Taxpayers are encouraged to leverage this mandate to seek prompt resolutions to their appeals and to document any undue delays extensively.

Income Tax - Section 72A - High Court Affirms Adjusted Written Down Value for Depreciation Claims Despite Absence of Government Approval - The Bombay High Court decisively clarified that the applicability of Section 72A requirements hinges on the financial viability of amalgamating companies. Consequently, entities considering amalgamation should ensure that they are not classified as financially nonviable to utilize unabsorbed depreciation claims successfully. This decision presents a reliable pathway for companies undergoing amalgamation seeking to affirm their rights to adjusted written down values for tax purposes.

High Court Overturns ITAT's Rejection of Additional Evidence Application – Calls for Fair Consideration in Appeals - In light of the Chhattisgarh High Court's ruling, it is crucial for tax assessees to ensure that all relevant documentation is presented at the earliest stages, while also being prepared to justify the admission of additional evidence if prior submissions were insufficient. The High Court's judgment reiterates the importance of procedural fairness and the right to a comprehensive review, mandating that evidence deemed significant for an equitable decision be given due consideration regardless of prior procedural lapses. Taxpayers must actively maintain thorough records and ready access to supporting documents that substantiate their claims in any income tax appeal procedures.

Long-Delayed Tax Appeals Must be Resolved: Punjab and Haryana High Court Directs Timely Processing of Income Tax Appeals - The Punjab and Haryana High Court's decision highlights the pressing need for the timely disposal of tax-related appeals. Taxpayers struggling with delays can draw encouragement from this ruling, which mandates that authorities prioritize appeals to prevent undue delays. The actionable takeaway for petitioners and tax professionals is to keep a close watch on the processing timelines of their appeals and actively escalate complaints when timelines are not met, thus fostering a culture of accountability among tax authorities.

Income Tax - Sections 40A, 145A, 260A - Legal Crux in Kerala High Court: Tribunal's Rejection of Sales Turnover Estimation Method Upheld without Substantial Legal Questions - In light of this ruling, it is crucial for assessees, particularly in cases involving estimation of turnover and undisclosed income, to be cognizant of the flexibility afforded to the Assessing Authority in selecting estimation methodologies. Taxpayers should ensure that their chosen methods and representations during inspections are justifiable and supported by credible records to withstand potential scrutiny.

Income Tax - Sections 40, 260A - Disallowance of Interest Payments to Beneficiaries Affirmed, Trust Classified as Association of Persons - The Bombay High Court's ruling confirms the authority of the ITAT in matters of factual appreciation and reinforces the notion that assessees must maintain consistency in their representations to tax authorities. Actionable in nature, the ruling encourages assessees to exercise diligence when declaring their status and to ensure that any self-identified statuses are defensible, as rectifying errors post-filing is crucial under scrutiny. Thus, tax practitioners should advise clients on the importance of accurate declarations.

Income Tax - Sections 12A, 119 - Kerala High Court Grants Condonation of Delay for Audit Report Submission During Pandemic - In light of the Kerala High Court's decision, it is essential for the tax authorities to adopt a more holistic and lenient approach to applications for condonation of delay, particularly in contexts affected by the ongoing challenges posed by the Covid-19 pandemic. Taxpayers should be able to substantiate claims of delay with appropriate context, especially under circumstances which are extrinsic to their control. This ruling serves as a reminder that essential deadlines may require flexibility during unprecedented events.

Section 12A, of the Income-tax Act, 1961 - ITAT Rajkot Clarifies Registration Norms for Charitable Trusts: Public Benefit Over Caste Discrimination Takes Precedence - In light of this ruling, it is actionable for those managing charitable trusts to ensure that their public benefit outreach is clearly articulated and documented. Future applications for tax exemptions should emphasize inclusivity and societal benefit over potential community-specific focus, thereby aligning with the interpretation of general public benefit as a prerequisite for registration under the Income-tax Act.

Sections 2(15), 12A, of the Income-tax Act, 1961 - ITAT Mumbai Upholds Charitable Status of a Public Trust Despite Commercial Concerns - In light of the ITAT's decision, public charitable trusts engaged in promoting sports and similar activities should be proactive in thoroughly documenting their intent and operations to reinforce their charitable status. It's imperative for such entities to maintain transparent financial records that reflect a non-commercial nature to avoid scrutiny under the Income-tax provisions, particularly focusing on operational deficits as indicative of charitable intent.

Section 14A, 22, 35DDA, 37(1), 50C, 145, 234C of the Income-tax Act, 1961 - Assessing Tax Implications in Capital Gains, Business Expenditure, and Other Provisions for Assessment Years 2004-2008 - This decision reinforces the necessity for meticulously accurate asset valuation and accounting methods in tax assessments. Assessees must ensure complete and transparent disclosure of relevant facts to navigate capital gains assessments successfully. Practitioners are advised to critically review and document the methods used for stock valuations, expenditures, and any applicable exemptions or deductions to preclude misunderstandings or miscalculations in future assessments.

Sections 271(1)(c), 35ABB, 37(1) of the Income-tax Act, 1961 - ITAT Delhi Clarifies Penalty and Expenditure Assessments under Income-tax Act - In light of the above-canvassed issues, it is critical for assessors to maintain a clear distinction between quantum assessment and penalty proceedings. This ruling strongly advocates for the recognition of certain expenditures consistent with their nature, drawing on established jurisprudence. Tax professionals should focus on substantiating claims for revenue expenditures to avoid penalties under Section 271(1)(c).

Sections 149, 148, of the Income-tax Act, 1961 - ITAT Mumbai Reiterates Time Limitations under Section 148 and 149 of the Income-tax Act for Reopening of Assessments - This decision emphasizes the necessity for tax authorities to adhere strictly to the time limits prescribed by the Income-tax Act when initiating reopening of assessments. The ITAT has unequivocally demonstrated that any failure to observe these statutory timelines will result in the invalidation of notices. Taxpayers should thus leverage this ruling by ensuring that any notices or communications received from tax authorities are critically assessed against the outlined timeframes to ascertain their validity and challenge any that fall short.

Section 12AB, 132, 292C, 143 of the Income-tax Act, 1961 - Invalid Reference by AO and Cancellation of Trust Registration Quashed on Grounds of Invalid Legal Provisions - The legal decision underscores the necessity for tax authorities to adhere strictly to statutory provisions and ensure due process in their inquiries and recommendations. Any failure to comply with these legal prerequisites can result in decisions being overturned. For the trust in question, the judgment serves as a reinforcement of its legal standing, affirming that invalid procedural actions cannot withstand judicial scrutiny. Consequently, it is actionable for affected taxpayers to ensure that any assessments or recommendations by tax authorities are examined for adherence to the same principles of legality and procedural fairness.

Income Tax - Section 9, 90 - Supreme Court Grounds on FTS Involvement in Logistic Services Addition - ITAT Delhi Case - In light of the current decision, it is actionable for taxpayers engaged in similar logistic or service-related transactions to ensure that their service offerings do not inadvertently transfer specialized knowledge that could qualify as FTS under the relevant tax laws and treaties. Proper documentation and clarity concerning the nature of services rendered are imperative to ensure compliance and avoid unnecessary tax liabilities.

Income Tax - Section 36 - Bad Debt Claim Ruling: Mixed Outcomes for Assessee in Disallowance Appeal - The tribunal's ruling offers a specific pathway for assessors, emphasizing the importance of substantiating claims related to bad debts through both operational evidence and prior tax submissions. Taxpayers must ensure thorough documentation of business activities and maintain transparency regarding income derived from past assessments. Thus, in similar cases of bad debt claims, comprehensive evidence of business operations should be assembled to fortify arguments against disallowance.

Income Tax - Sections (15), 11, 12, 13, 32, 69A, 164 - Tax Exemption Denial in Charitable Trusts: ITAT Ruling Upholds Rights but Limits Scope - In light of the Tribunal's ruling, it is clear that while minor violations of trust income application rules may entail tax consequences, the complete annulment of exemption is not justified. Charitable organizations must maintain clear documentation and ensure compliance with provisions relating to income applications. Therefore, trusts should conduct regular audits to avoid unintended violations of section 13 to safeguard their tax exemptions.

Income Tax - Sections 9, 90 - ITAT Rules Passenger System Solutions Not Taxable in India as FTS - Based on the current decision, the ITAT has fundamentally clarified that mere provision of services using software technology does not amount to technical services for the purpose of taxability as FTS under the Income Tax Act and the applicable DTAA. Assessees engaged in similar service provisions should carefully evaluate the nature of their services and consult with tax professionals to ensure compliance with the legal standards set by this ruling.

Income Tax - Sections 45, 74, 154 - Tax Residency Matters: ITAT Mumbai Rules in Favor of Singapore Company on Carry Forward of Short Term Capital Loss Despite Prior Assessment Years' Orders - In light of the ITAT's ruling, the immediate implication for the assessee is the reinstatement of its right to carry forward the capital losses recognized in the assessment years 2011-12 and 2012-13, despite the revenue's objections. This case serves as a definitive reminder that tax authorities must adhere closely to the statutory provisions governing loss carry forwards and cannot retroactively negate taxpayer rights on the basis of later orders.

Section 68 of the Income-tax Act, 1961 - Clarity on Cash Credit Under Section 68 - Share Capital Validated by Documented Evidence - The ITAT's decision highlights that when an assessee successfully fulfills the burden of proving the identity and creditworthiness of share subscribers, as well as the authenticity of the transactions, they are rightfully shielded from additions to income under Section 68. Taxpayers should ensure thorough and effective documentation and maintain transparency in financial transactions to safeguard against unwarranted re-assessment.

Sections 12A, 12AA, of the Income-tax Act, 1961 - ITAT Pune Remands Registration Rejection Decision for Government Industrial Training Institute Under Section 12A of Income-tax Act - In light of the implications drawn from the ITAT's ruling, it becomes evident that any organization seeking registration under the Income-tax Act must ensure comprehensive compliance with all documentation requests. This case underscores the essentiality of not only timely submission but also the necessity of engaging actively with the authorities throughout the application process. Assessees are advised to maintain clear communication and responsiveness to requests for information, enhancing their likelihood of successful registration.

Sections 11, 263, of the Income-tax Act, 1961 - GMR Varalakshmi Foundation: ITAT Quashes Commissioner’s Revisionary Power on Charitable Trust's Assessment - This case solidifies the precedent that name changes in charitable entities do not inherently jeopardize tax exemptions so long as the core charitable objectives continue unaffected. It also affirms the importance of correctly utilizing the powers vested under section 263, particularly in cases already engaging the appellate system. Assessees should diligently document all changes and maintain transparency to preempt scrutiny while ensuring that compliance with income generation and application aligns consistently with their registered charitable purposes.

Sections 2(29A), 54F, of the Income-tax Act, 1961 - ITAT Mumbai Rules on Capital Gains: Invalid Reassessment of Long-Term Capital Gains as Short-Term - The ruling solidifies the principle that the revenue authorities must substantiate their reassessment actions with valid justifications when contesting previously declared gains. Taxpayers are encouraged to maintain thorough documentation and comply with regulatory frameworks, as unilateral reclassification by the tax authorities can be contested based on established legal precedents. In future dealings, ensuring compliance with the provisions of the Slum Rehabilitation Scheme and documenting all financial transactions comprehensively will be critical to safeguard against similar reassessments.

Section 28(i), 36(1)(vii), 69C of the Income-tax Act, 1961 - Income Tax Appeal on Business Loss Deductions and Bad Debts for Assessment Year 2015-16 - The ITAT's decision highlights the criticality of substantial evidence in tax assessments involving business losses and bad debts. The tribunal insists that allegations of sham transactions must be solidly backed by proof, thus protecting legitimate business operations and tax claims.

Income Tax - Sections 44AD, 144 - Ex Parte Orders and Condonation of Delay on Grounds of Custody and Mental Illness - In light of the ITAT's decision, it is imperative for assessees to understand the stringent enforcement of timelines in tax compliance, irrespective of personal circumstances. The ruling reinforces that mental health and custody issues, while valid personal challenges, must be proactively managed to ensure adherence to tax obligations.

Income Tax - Sections 36, 37 - ITAT Mumbai Upholds Deductions on Security Receipts Write-Off, Dismisses Inclusion of Upside Income - Given the ITAT's thorough examination of the case and consideration of specific legislative frameworks, it is affirmed that the deductions for the security receipts written off are legitimate under RBI guidelines. Further, earnings unilaterally recognized from trusts should not be assessed as income for the assessee due to the distinct nature of each entity's income assessment.

Income Tax - Sections 2(15), 11, 12, 13 - Entitlement to Tax Deduction for Charitable Activities Affirmed by ITAT Bangalore - The ITAT Bangalore ruling asserts that the deductions under Sections 11 and 12 of the Income Tax Act are warranted for the assessee, given the alignment of its activities with the definition of charitable purposes as stipulated in the Act. This decision underscores the importance of ensuring that charitable entities maintain a robust and demonstrable framework of activities that qualify for exemptions. For future compliance, it is imperative that similar entities meticulously document and report the nature of their charitable engagements to meet the criteria outlined for deductions.

Income Tax - Sections 40, 194C, 201 - TDS Implications on Contract Manufacturing Payments: Mumbai ITAT Rules in Favor of Assessee - The ITAT's decision strengthens the position that payments made under specific contractual arrangements like SOR agreements can be distinct under tax legislation. Consequently, taxpayers engaged in contract manufacturing should ensure thorough documentation and understanding of their contractual obligations. It is prudent for businesses to review their agreements and align them with the provisions of the Income Tax Act to avoid unnecessary tax burdens and potential disputes with tax authorities.

Central Government approves ‘KIMS Foundation and Research Centre’ Hyderabad, under the category of ‘University, college or other institution’ for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

Zero Coupon Bond - Specified bond notified u/s 2(48) of the Income-tax Act, 1961

Central Government notifies the last date of the Direct Tax Vivad se Vishwas Scheme, 2024, in respect of tax arrear shall be filed by the declarant to the designated authority.

Exemption from specified income U/s 10(46A) of IT Act 1961 – Greater Mohali Area Development Authority

Exemption from specified income U/s 10(46A) of IT Act 1961 – Prayagraj Mela Pradhikaran, Prayagraj

Income-tax (Tenth Amendment) Rules, 2025.

Central Government notifies redeemable bonds issued by the Housing and Urban Development Corporation Limited (HUDCO), in respect of "Long-Term Specified Assets" under section 54EC.

Central Government notifies that no deduction of tax shall be made on the payment under section 194EE of the IT Act 1961

Income-tax (ninth Amendment) Rules, 2025

Notifies that every person who has been allotted permanent account number on the basis of Enrolment ID of Aadhaar application form filed prior to the 1st day of October, 2024

Use of e-governance and e-courts in the Income Tax Appellate Tribunal - Over 26,000 appeals and applications were filed electronically through the e-filing portal up to 28-2-2025. Courtrooms at the new office premises of ITAT, Delhi and Lucknow benches have also been equipped with state-of-the-art video conferencing infrastructure, facilitating uninterrupted virtual/hybrid hearings.

CBDT signs 174 advance pricing agreements in FY 2024-25.

Order under section 119 of the Income-tax Act, 1961 for waiver on levy of interest under section 201(1A)(ii)/206C(7) of the Act, as the case maybe, in specific cases

Income-tax (Eighth Amendment) Rules, 2025

Exemption from specified income U/s 10(46) of IT Act 1961 - 'Karnataka Urban Water Supply & Drainage Board, Bangalore'

Revision of interest rates for small savings schemes.

Income-tax (Seventh Amendment) Rules, 2025

Section 119 of the Income-tax Act, 1961 - Central Board of Direct Taxes - Instructions to subordinate authorities - Opening of Income Tax offices throughout India on 29th, 30th, and 31st March, 2025.

Income-tax (Sixth Amendment) Rules, 2025

FAQs ON FINANCE BILL, 2025

HC : Interim Relief Denied to Zurich Kotak General Insurance in Re-Assessment Proceedings: HC Highlights Participation and Deadline Concerns

HC : Rajasthan High Court Rules Reassessment Notices Issued by Jurisdictional Assessing Officer Invalid Under Section 151A, and Allows Fresh Notices by Faceless Assessing Officer

HC : Gujarat HC Grants Assessee Relief for Filing Belated Return for AY 2020-21 Amidst COVID-19 Challenges

SC : SC Upholds Punjab and Haryana HC Ruling: Quashes PCIT's Revision Order Under Section 263 - Affirms AO's Investigative Findings

SC : Supreme Court Directs Authorities to Investigate Cash Transactions in Property Purchases Amidst Allegations of Black Money

HC : Bombay High Court Emphasizes 'Forum Conveniens' in Declining Jurisdiction Over Kolkata Assessee's Petition

HC : Bombay High Court Authorizes Assessee to Amend Petition for Comprehensive Resolution of Dispute

ITAT : Mumbai ITAT Quashes Revisionary Jurisdiction, Upholds AO's Plausible View on Cash Deposits

HC : Kerala High Court Overturns ITAT Decision: Assessee Not Precluded from Challenging Subsequent Proceedings Despite Not Contesting Sec. 263 Order

HC : Kerala High Court Upholds Assessee's Right to Interest on Refund Due to Revenue's Delay

ITAT : Delhi ITAT Invalidates Reassessment Orders for AYs 2013-14, 2016-17, and Assessment Order for AY 2018-19 Due to Nullified Tax Liabilities Post-IBC Resolution Plan Approval

ITAT : Hyderabad ITAT Reaffirms Validity of Directors' Bonus Payments Under Section 36(1)(ii)

ITAT : Cochin ITAT Rules Section 50 Inapplicable; Affirms Capital Gains Assessment Under Section 45(4)

ITAT : Decision on Invalid Reassessment Due to Non-Compliance with Updated Provisions

HC : Bombay High Court Disallows Assessee's Writ Petition, Emphasizes Availability of Statutory Appeal Under Section 253

ITAT : Dilemma Over Claim Pay Out Provisions: Mumbai ITAT Clarifies Deduction Criteria

ITAT : Bangalore ITAT Condones Over 1200 Days Delay for Appeal, Sets Terms for Rehearing by NFAC

ITAT : Mumbai ITAT Rules in Favor of Growmore Leasing, Rejects Revenue's Dividend and Interest Additions

HC : Bombay HC Upholds Claim for Depreciation in Amalgamated Company, Reverses ITAT Decision on Section 72A Compliance

HC : Gujarat HC Validates Transfer of Tax Case to Central Authority for Coordinated Investigation of Related Entities

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News & Views 
 Article - TDS and TCS Rates for Financial Year 2025-26
 Query - Query on Tax Implications for Sale of Inherited Urban Agricultural Land
 Article - Analyzing the Taxation of Immovable Property Transfers: A Detailed Look at Section 56(2)(vii)(b) and Reassessment under Section 147 of the Income Tax Act, 1961
 Article - Implications of Section 194T: TDS on Payments to Firm Partners in India
 Article - Comparative Analysis of the Old and New Income Tax Regimes in India
 Query - Applicability of TDS on Selling Rural Agricultural Land by a Non-Resident Indian
 Query - Validity of Assessment Order Issued by Non-Jurisdictional ITO
 Article - Supreme Court's Notable Decision on Property Transactions in Cash: An Analysis of Cited Sections
 Query - Implications of Late Filing Fees for TDS on Co-Owned Property Transaction
 Article - Final Opportunity to Resolve Tax Disputes: Embrace Vivad Se Vishwas 2.0 by April 30, 2025
 Article - Unrecorded Deposits Recognized as Liabilities, Not Income?
 Article - Forms 15G and 15H
 Article - Extension of Deadline for Filing Income Tax Returns under Section 119(2)(b)
 Article - TDS Rates for FY 2025-26: Quick Reference
 Article - TDS Rates Applicable for Financial Year 2025-26 (Assessment Year 2026-27)
 Article - Avoiding Pitfalls During Section 12A Application
 Query - Legality and Response to a Reissued Income Tax Notice Under Section 148A
 Article - Reintroduction of Block Assessment Scheme: A New Era for Search Cases in India
 Article - Analysis of Tax Regimes: Old vs. New for FY 2024-25
 Article - Gold, Taxes & Family Tradition: Tax Laws with Streedhan
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