Judgement

The Income Tax Appellate Tribunal (ITAT) Mumbai condoned a delay of 460 days in filing the appeal by an 87-year-old assessee suffering from age-related ailments and lacking familiarity with electronic communications.

87-Year-Old Taxpayer Filed Appeal 460 Days Late Due to Health Issues; ITAT Condones Delay and Restores Matter to CIT(A)

The Income Tax Appellate Tribunal (ITAT) Delhi has deleted an addition of Rs.17.80 lakh made under Section 68 of the Income Tax Act, 1961, holding that the assessee had discharged its primary burden by furnishing confirmations, bank statements and income tax returns.

ITAT Deletes Section 68 Addition on Funds Received from Directors and Group Concern

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.

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87-Year-Old Taxpayer Filed Appeal 460 Days Late Due to Health Issues; ITAT Condones Delay and Restores Matter to CIT(A)

ITAT Deletes Section 68 Addition on Funds Received from Directors and Group Concern

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