Judgement

Tribunal rules on multiple appeals of Anupam Industries: ad-hoc disallowance deleted, PF delay disallowance upheld, CENVAT duty allowed, penalty sustained, warranty provision remanded.

CENVAT Penalty Paid Cannot Be Claimed as Business Expense for Income Tax

CIT(A) faulted for rejecting detailed sales evidence without verification; matter sent back for reconsideration

ITAT Ahmedabad Remands Demonetisation Cash Deposit Case for Fresh Verification Under Rule 46A

Articles

Here a comprehensive guide explaining why holding more than one PAN is an illegal activity in India and can lead to massive penalties under Section 139A of the Income Tax Act, 1961.

Holding More than One PAN? Know Legal Risks and Heavy Penalties under Section 139A

Tribunal confirms that AO failed to examine valuation report for cost of acquisition, rendering assessment erroneous and prejudicial to Revenue

ITAT Upholds Section 263 Revision: FMV of Land Valuation Found Unsupported and Unverified

To align with the new Act, the income tax department is revising all the forms used under the Income Tax Act, such as the quarterly TDS return forms and the ITR forms

Income Tax Act 2025: Updated ITR Forms and Rules to be Notified by January 2026

News

While speaking about the refund delays, he said that the department has found that many taxpayers are fraudulently claiming refunds.

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CENVAT Penalty Paid Cannot Be Claimed as Business Expense for Income Tax

ITAT Ahmedabad Remands Demonetisation Cash Deposit Case for Fresh Verification Under Rule 46A

Holding More than One PAN? Know Legal Risks and Heavy Penalties under Section 139A

ITAT Upholds Section 263 Revision: FMV of Land Valuation Found Unsupported and Unverified

Income Tax Act 2025: Updated ITR Forms and Rules to be Notified by January 2026

Extra checks for Large Income Tax Refunds this year: CBDT Chairman