Judgement

The ITAT set aside Luminous Power’s tax assessments for AY 2017-18 and 2018-19 after finding the orders were issued beyond the statutory deadline under Section 144C(13).

ITAT Quashes Time-Barred Assessment Orders u/s 144C(13) of Income Tax Act, 1961; Favours Assessee

Articles

The Income Tax Department has reduced the tax demand from Rs 216.19 crore to Rs 190.21 crore for the financial year 2020-21.

Jubilant FoodWorks Receives Rectification Order from Income Tax Department; Files Appeal Against Tax Demand

Court Holds Software Glitch Causing Missed Capital Loss Entry Is a Genuine Hardship; CBDT Cannot Deny Relief on Technical Grounds

High Court: CBDT Must Condone Delay Caused by Software Glitch; Mechanical Rejection Set Aside

The Due date to pay the third instalment of advance tax payments for FY 2025-26 is December 15, 2025.

Advance Tax Payment: Meaning, Exemption, and Due Date

SC dismisses Revenue’s SLP and affirms that the income of a Syndicate AOP must be assessed separately and cannot be clubbed with individual assessees.

Supreme Court Affirms Income of Association of Persons Cannot Be Taxed in Assessee’s Hands

ITAT Delhi restored the Section 11 exemption and allowed the correction of a clerical reporting mistake, ruling fully in favour of the taxpayer.

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ITAT Quashes Time-Barred Assessment Orders u/s 144C(13) of Income Tax Act, 1961; Favours Assessee

Jubilant FoodWorks Receives Rectification Order from Income Tax Department; Files Appeal Against Tax Demand

High Court: CBDT Must Condone Delay Caused by Software Glitch; Mechanical Rejection Set Aside

Advance Tax Payment: Meaning, Exemption, and Due Date

Supreme Court Affirms Income of Association of Persons Cannot Be Taxed in Assessee’s Hands

ITAT Delhi Grants Section 11 Relief: Form 10B Filed Before Due Date, Reporting Error Allowed to Be Corrected