Judgement

The ITAT deleted a Section 271B tax audit penalty, holding that the assessee's bona fide belief and consistent tax treatment constituted a reasonable cause under Section 273B.

ITAT Deletes Section 271B Penalty for Non-Filing of Tax Audit Report Due to Bona Fide Belief

Articles

A complete guide on taxability of bonus shares in India covering allotment rules, cost of acquisition, holding period, and capital gains on sale.

Taxability of Bonus Shares in India: Complete Guide on Income Tax and Capital Gains

News

The ICAI is helping Tirumala Tirupati Devasthanams strengthen its donation accounting framework to improve transparency and financial management of devotee contributions.

ICAI to Strengthen Tirupati Temple’s Donation Accounting System Amid Growing Focus on Temple Finances

The ITAT Bangalore deleted the Rs 2.34 crore GST Refund addition, holding it non-taxable income since GST was not debited to the profit and loss account.

ITAT Rules GST Refund Is Not Taxable Income; Deletes Rs 2.34 Crore Addition on Recovery-of-Asset Principle

Learn everything about the Corporate Mitra Scheme 2026, including eligibility, training, fees, certification, and how it empowers youth to support MSMEs through professional compliance services.

Corporate Mitra Scheme 2026: ICAI, ICSI, ICMAI, and IIT Madras Join Hands to Train India's Youth

The Income Tax Appellate Tribunal (ITAT) Delhi condoned a delay of 1486 days in filing an appeal before the CIT(A), observing that the assessee was not properly served with assessment proceedings and the assessment order.

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ITAT Deletes Section 271B Penalty for Non-Filing of Tax Audit Report Due to Bona Fide Belief

Taxability of Bonus Shares in India: Complete Guide on Income Tax and Capital Gains

ICAI to Strengthen Tirupati Temple’s Donation Accounting System Amid Growing Focus on Temple Finances

ITAT Rules GST Refund Is Not Taxable Income; Deletes Rs 2.34 Crore Addition on Recovery-of-Asset Principle

Corporate Mitra Scheme 2026: ICAI, ICSI, ICMAI, and IIT Madras Join Hands to Train India's Youth

ITAT Condones 1486 Days Delay in Filing Appeal Holding Assessee Was Denied Opportunity Due to Non-Service of Assessment Order