Judgement

ITAT directs AO to verify the Rs 10.58 lakh payment and delete Section 43B disallowance if the amount was paid before the ITR filing due date.

Genuine Tax Claims Cannot Be Denied Due to Bona Fide Form 3CD Error, ITAT Sets Aside Section 43B Disallowance

The ITAT deletes the Section 271B penalty after holding that the inadvertent Form 3CD audit report error was covered under reasonable cause provisions.

ITAT Deletes Section 271B Penalty, Holds Form 3CD Reporting Error Covered Under Reasonable Cause

ITAT held that a genuine Section 43B deduction for employee bonus cannot be denied merely due to a reporting error in Form 3CD when actual payment is substantiated by evidence.

ITAT Allows Section 43B Deduction for Employee Bonus Despite Form 3CD Reporting Error

ITAT deleted a Rs 13.01 lakh addition made solely due to an auditor’s erroneous reporting in Form 3CD, holding that taxing already-disclosed income again would amount to double taxation.

ITAT Deletes Addition Arising from Auditor’s Reporting Error in Tax Audit Report

Failure to exercise due diligence in certifying tax audit report where no TDS was reported on material professional payment

ICAI Disciplinary Committee Reprimands CA for Incorrect TDS Reporting in Form 3CD

Articles

Form 3CD via Income tax Eighth- Amendment Rules, 2025 undergoes key changes including deleted clauses, new disclosures, and enhanced compliance and more.

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Genuine Tax Claims Cannot Be Denied Due to Bona Fide Form 3CD Error, ITAT Sets Aside Section 43B Disallowance

ITAT Deletes Section 271B Penalty, Holds Form 3CD Reporting Error Covered Under Reasonable Cause

ITAT Allows Section 43B Deduction for Employee Bonus Despite Form 3CD Reporting Error

ITAT Deletes Addition Arising from Auditor’s Reporting Error in Tax Audit Report

ICAI Disciplinary Committee Reprimands CA for Incorrect TDS Reporting in Form 3CD

Latest Amendments in Form 3CD: Practical Insights for FY 2024-25 Audits