Orders

Judgement

ITAT deletes penalty under Section 271(1)(c) as no concealment found in belated capital gains deduction claim u/s 54EC and 54F.

ITAT Deletes Penalty Proceedings on Claim of Capital Gain Deductions u/s 54EC and 54F in Belated ITR

ITAT ruled that mentioning cultural or spiritual events like Navratri does not make a trust religious, and cannot be the sole ground to deny Section 80G approval.

Sec 80G Approval: Mere Reference to Religious Events Does Not Make Trust as Substantially Religious in Nature

News

The Income Tax Department has taken strict action against the inoperative PAN Cards. The department has imposed a massive penalty on individuals using inactive PAN.

Income Tax Department imposes massive penalty for using inactive PAN

Himachal Pradesh HC ruled that the Assessing Officer cannot send a notice under Section 148 of the Income Tax Act, 1961, without giving valid reasons.

Notice U/S 148 Invalid Without Delivering Proper Justification: HP High Court 

Articles

Cost Inflation Index (CII) is yet to be announced for the Financial Year 2025-26, capital gains taxpayers await for the index.

What is CII For FY 2025-26: Why we need it for Income Tax Calculation

ITAT has allowed book rejection due to no stock register but remands commission estimation for verification.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Deletes Penalty Proceedings on Claim of Capital Gain Deductions u/s 54EC and 54F in Belated ITR

Sec 80G Approval: Mere Reference to Religious Events Does Not Make Trust as Substantially Religious in Nature

Income Tax Department imposes massive penalty for using inactive PAN

Notice U/S 148 Invalid Without Delivering Proper Justification: HP High Court

What is CII For FY 2025-26: Why we need it for Income Tax Calculation

Absence of Stock Register As Per Form 3CB can be reason for Rejection of Books?