📢 ITAT Remands Tax Dispute to Assessing Officer, Directs Fresh Review After Assessee Cites Lack of Proper Opportunity and Non-Supply of Documents
ITAT remands the tax dispute to the Assessing Officer for fresh review after finding that the assessee was not given proper opportunity or relevant documents.
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ITAT remands the tax dispute to the Assessing Officer for fresh review after finding that the assessee was not given proper opportunity or relevant documents.
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📢 ITAT Deletes Sections 271C and 271CA Penalties Over Bona Fide Belief
ITAT deleted Rs 30,108 in TDS and TCS penalties, holding that its bona fide beliefs constituted reasonable cause under Section 273B of the Income Tax Act.
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ITAT deleted Rs 30,108 in TDS and TCS penalties, holding that its bona fide beliefs constituted reasonable cause under Section 273B of the Income Tax Act.
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📢 ITAT Gives Taxpayer Another Chance to Prove Professional, Commission Expenses and Section 80GG Deduction Claims
The Mumbai ITAT gave the taxpayer another opportunity to substantiate professional, commission expenses and Section 80GG deduction claims before the CIT(A).
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The Mumbai ITAT gave the taxpayer another opportunity to substantiate professional, commission expenses and Section 80GG deduction claims before the CIT(A).
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📢 CBI Arrests CGST Superintendent and a Consultant in Rs 1 Crore Bribery Case
The CBI has arrested a CGST Superintendent and a consultant acting as an intermediary for an alleged demand of Rs 1 crore bribe.
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The CBI has arrested a CGST Superintendent and a consultant acting as an intermediary for an alleged demand of Rs 1 crore bribe.
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📢 ITAT Dismisses Dell Employee’s Appeal, Holds Address in Meghalaya Not Enough to Claim Section 10(26) Salary Exemption
ITAT dismissed a Section 10(26) exemption claim on salary income, holding that she failed to prove her income arose from a source situated in the notified area.
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ITAT dismissed a Section 10(26) exemption claim on salary income, holding that she failed to prove her income arose from a source situated in the notified area.
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📢 CA Association Seeks Extension in Due Dates of Tax Audit, Form 10B/10BB and ITR Filing for AY 2026-27
The Chartered Accountants Association, Jalandhar, has urged Finance Minister to extend Tax Audit Report, Forms 10B/10BB and ITR filing deadlines for AY 2026-27.
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The Chartered Accountants Association, Jalandhar, has urged Finance Minister to extend Tax Audit Report, Forms 10B/10BB and ITR filing deadlines for AY 2026-27.
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📢 Sudarshan Colorants Rs 5.11 Cr GST Appeal Rejected by Tamil Nadu Authority
Sudarshan Colorants Rs 5.11 crore GST demand appeal was rejected by Tamil Nadu authorities, with the company planning to challenge the order further.
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Sudarshan Colorants Rs 5.11 crore GST demand appeal was rejected by Tamil Nadu authorities, with the company planning to challenge the order further.
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📢 Crompton Greaves Consumer Electricals Faces Rs 8.37 Lakh GST Interest Demand Over Delayed GSTR-3B Filing
Crompton Greaves faces an Rs 8.37 lakh GST interest demand over delayed GSTR-3B filing and plans to appeal the order.
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Crompton Greaves faces an Rs 8.37 lakh GST interest demand over delayed GSTR-3B filing and plans to appeal the order.
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📢 Tax Professionals Seek Extension of Tax Audit and Audited ITR Filing Deadline From September 30 to October 31, 2026
Tax professionals have urged the government to extend the FY 2025-26 Tax Audit and audited ITR filing deadline from September 30 to October 31, 2026.
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Tax professionals have urged the government to extend the FY 2025-26 Tax Audit and audited ITR filing deadline from September 30 to October 31, 2026.
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📢 ITAT Quashes Section 270A Penalty After Fresh Assessment Makes No Additions
ITAT has quashed the Section 270A penalty imposed on the assessee after the original assessment was set aside and the fresh assessment made no additions, removing the very basis for the penalty.
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ITAT has quashed the Section 270A penalty imposed on the assessee after the original assessment was set aside and the fresh assessment made no additions, removing the very basis for the penalty.
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📢 Mutual Fund Transactions to Feed ITR Pre-Filling: CBDT Prescribes Half-Yearly SFT Reporting
The CBDT through the Directorate of Income Tax (Systems), has notified the guidelines for furnishing Statements of Financial Transactions (SFT-2518) relating to Mutual Fund transactions.
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The CBDT through the Directorate of Income Tax (Systems), has notified the guidelines for furnishing Statements of Financial Transactions (SFT-2518) relating to Mutual Fund transactions.
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📢 CBDT Notification: Half-Yearly SFT Reporting by Depositories to Facilitate Capital Gains Pre-Filling in ITRs
The CBDT through the Directorate of Income Tax (Systems), has notified the guidelines for furnishing Statement of Financial Transactions (SFT-2517) relating to depository transactions.
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The CBDT through the Directorate of Income Tax (Systems), has notified the guidelines for furnishing Statement of Financial Transactions (SFT-2517) relating to depository transactions.
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