Judgement

ITAT deletes Rs 18.34 lakh tax addition, holding PG medical stipend linked to education eligible for Section 10(16) exemption.

ITAT Deletes Rs 18.34 Lakh Tax Addition on PG Medical Stipend, Holds Payment Linked to Education Eligible for Section 10(16) Exemption

Notifications

CBDT has approved IIT Roorkee for scientific research under the Income-tax Act, 2025, for tax years 2026-27 to 2030-31, subject to prescribed compliance conditions.

CBDT Approves IIT Roorkee for Scientific Research Tax Benefits for 5 Years Under Income Tax Act 2025

News

Credit card cashbacks and reward points are generally treated as discounts, but their taxability may depend on how the benefits are received or used.

Is Income Tax Payable on Credit Card Cashback and Reward Points? Know What Experts Say

Priority Jewels secures Rs 3.54 crore tax relief after CIT(A) deletes additions and directs penalty proceedings to be dropped.

Priority Jewels Receives Favourable Income Tax Order From CIT(A), Gets Relief of Around Rs 3.54 Crore in Tax Demand

The ITAT Mumbai finds no reason for Section 154 Rectification and deleted the disallowance.

ITAT Holds Partner Remuneration Allowable Where Partnership Deed Authorises Payment

The ITAT Mumbai allows final opportunity to assessee after ex parte assessment and appeal.

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ITAT Deletes Rs 18.34 Lakh Tax Addition on PG Medical Stipend, Holds Payment Linked to Education Eligible for Section 10(16) Exemption

CBDT Approves IIT Roorkee for Scientific Research Tax Benefits for 5 Years Under Income Tax Act 2025

Is Income Tax Payable on Credit Card Cashback and Reward Points? Know What Experts Say

Priority Jewels Receives Favourable Income Tax Order From CIT(A), Gets Relief of Around Rs 3.54 Crore in Tax Demand

ITAT Holds Partner Remuneration Allowable Where Partnership Deed Authorises Payment

ITAT Remits Rs 1.65 Crore Unexplained Investment Case for Fresh Adjudication