Judgement

ITAT deletes the carried-interest based TP adjustment, remands comparability on R-Systems for de novo TPO/AO consideration, and directs AO to decide GST rectification and verify delay for interest.

ITAT Upholds Deletion of Transfer Pricing Adjustment on Carried Interest; Remands Case to AO on GST Rectification

ITAT Allows appeal with direction for de-novo consideration by CIT(A); may call remand report

ITAT Restores Appeal for De Novo Adjudication After Ex-Parte Dismissal by CIT(A)

News

ITR-5 Excel Utility for AY 2025-26 is now live, enabling LLPs, firms, societies, and other eligible entities to file their income tax returns.

ITR-5 Excel Utility for AY 2025-26 Released: LLPs, Firms and Societies Can Now File Returns

Income Tax (2) Bill 2025 has been passed in Lok Sabha today

Breaking: New Income Tax Bill 2025 passed in Lok Sabha

Articles

Section 44AB of the Income Tax Act requires a tax audit for some types of taxpayers if their turnover or gross receipts cross a specified limit.

When Is Tax Audit Compulsory Under Section 44AB?

When Is Tax Audit Compulsory Under Section 44AB

Under the presumptive taxation scheme, the taxpayers can report their income as a percentage of their turnover.

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ITAT Upholds Deletion of Transfer Pricing Adjustment on Carried Interest; Remands Case to AO on GST Rectification

ITAT Restores Appeal for De Novo Adjudication After Ex-Parte Dismissal by CIT(A)

ITR-5 Excel Utility for AY 2025-26 Released: LLPs, Firms and Societies Can Now File Returns

Breaking: New Income Tax Bill 2025 passed in Lok Sabha

When Is Tax Audit Compulsory Under Section 44AB

Everything You Need to Know About Presumptive Taxation Scheme Under Section 44AD