Judgement

The ITAT deleted a Rs 5.55 lakh addition on a flat purchase after holding that the difference between the purchase price and stamp duty value was within the 10% safe-harbour limit.

Flat Buyer Purchased Pune Apartment for Rs. 1.26 Crore, Faced Tax on Rs. 5.55 Lakh Stamp Duty Difference; ITAT Deletes Addition as Variation Was Within 10% Limit

News

ICAI will onboard 25 CA firms under PMIS, offering internships in accounting, taxation, and auditing, with a target of 2,000 interns by year-end.

ICAI to Onboard 25 CA Firms Under PM Internship Scheme, Targets 2,000 Interns

Circulars

MCA has extended the Form DPT-3 filing deadline for FY 2025-26 to 31 July 2026 without additional fees due to disruptions caused by a fire at its Data Centre.

MCA Gives Relief on DPT-3 Filing Deadline After Data Centre Fire

The ITAT remanded a Rs 23.05 crore ex-parte assessment to the AO, granting the taxpayer a fresh opportunity after finding genuine reasons for non-appearance during appellate proceedings.

No Fair Hearing? ITAT Restores Taxpayer’s Appeal After Notices Sent to Temporary Email ID

The Income Tax Appellate Tribunal (ITAT), Bangalore held that returns filed subsequently in response to notice under Section 148 do not satisfy the statutory requirement introduced by Section 80AC with effect from Assessment Year 2018-19.

ITAT Holds That Primary Agricultural Credit Co-operative Society Not Entitled to Section 80P Deduction for Return Filed in Response to Section 148 Notice

The ITAT deleted a Rs 31.76 lakh Section 69A addition after finding sufficient evidence supporting the assessee’s agricultural income claim.

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Flat Buyer Purchased Pune Apartment for Rs. 1.26 Crore, Faced Tax on Rs. 5.55 Lakh Stamp Duty Difference; ITAT Deletes Addition as Variation Was Within 10% Limit

ICAI to Onboard 25 CA Firms Under PM Internship Scheme, Targets 2,000 Interns

MCA Gives Relief on DPT-3 Filing Deadline After Data Centre Fire

No Fair Hearing? ITAT Restores Taxpayer’s Appeal After Notices Sent to Temporary Email ID

ITAT Holds That Primary Agricultural Credit Co-operative Society Not Entitled to Section 80P Deduction for Return Filed in Response to Section 148 Notice

ITAT Deletes Rs 31.76 Lakh Section 69A Addition, Accepts Farmer’s Agricultural Income Claim