Judgement

Exemption under Section 11(2) was denied due to a vague purpose (“Social”) in Form 10. The ITAT required a clear purpose but remanded the case to verify actual utilization.

Vague Purpose in Income Tax Form 10 Leads to Section 11(2) Denial; ITAT Remands for Verification of Fund Utilization

Assessee filed Form 10-IE late; ITAT held the delay is procedural and allowed the new tax regime benefit under Section 115BAC.

Late Income Tax Form 10-IE, No Problem: ITAT Grants Tax Regime Relief

A unified declaration (Form 121) under the Income Tax Act 2025 enabling eligible taxpayers to claim TDS exemption by declaring nil tax liability.

EPFO releases clarification for transition from Income Tax Form 15G/15H to unified Form 121

ITAT Mumbai allows foreign tax credit, holding delay in Income Tax Form 67 filing as procedural lapse only

Delay in Form 67 Filing Not Fatal; ITAT Allows FTC Claim to Actor Sachin Shrikant Khedekar

News

New income tax forms for AY 2026-27 are now live on the e-filing portal, allowing taxpayers to review and file returns under the updated 2026 tax rules.

Big Update for Taxpayers: Income Tax Forms as per IT Act 2025 Now Live on E-Filing Portal

The Income Tax Forms will be renumbered under the Income Tax Act 2025, with effect from April 01, 2026, keeping the key purpose of using them unchanged.

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Vague Purpose in Income Tax Form 10 Leads to Section 11(2) Denial; ITAT Remands for Verification of Fund Utilization

Late Income Tax Form 10-IE, No Problem: ITAT Grants Tax Regime Relief

EPFO releases clarification for transition from Income Tax Form 15G/15H to unified Form 121

Delay in Form 67 Filing Not Fatal; ITAT Allows FTC Claim to Actor Sachin Shrikant Khedekar

Big Update for Taxpayers: Income Tax Forms as per IT Act 2025 Now Live on E-Filing Portal

Income Tax Forms Renumbered from FY 2026-27: Key Changes Under the Income Tax Act 2025