News

ICAI has released a practical handbook covering year-end transfer pricing compliance, including Form 3CEB, documentation, master file, country-by-country reporting and a unified compliance calendar.

ICAI Releases Transfer Pricing Compliance Handbook with Year-End Checklist for FY 2025-26

The HC has deferred the RTCA’s plea seeking extension in TAR filing deadline from September 30 to October 31, with the next hearing fixed for September 28.

Rajasthan High Court Postpones Personal Hearing on RTCA Plea for Tax Audit Deadline Extension

Judgement

The ITAT Bangalore holds Finance Act 2025 restriction on Section 87A rebate as prospective. 


ITAT Allows Section 87A Rebate on LTCG Taxable Under Section 112 for AY 2024-25

The ITAT Bangalore held that interest income attributable to business of providing credit facilities cannot be taxed as ‘Income from Other Sources’ .


ITAT Holds Interest on Bank Deposits of Credit Co-operative Society Eligible for Section 80P(2)(a)(i) Deduction

The ITAT Bangalore deleted an addition of Rs 9.99 lakh made under Section 69A of the Income Tax Act towards cash deposited in the assessee’s bank account. 


ITAT Deletes Section 69A Addition After Assessee Proves Cash Gift from Father

The ITAT Bangalore holds wrong provision cited in original return cannot defeat genuine exemption claim.

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ICAI Releases Transfer Pricing Compliance Handbook with Year-End Checklist for FY 2025-26

Rajasthan High Court Postpones Personal Hearing on RTCA Plea for Tax Audit Deadline Extension

ITAT Allows Section 87A Rebate on LTCG Taxable Under Section 112 for AY 2024-25

ITAT Holds Interest on Bank Deposits of Credit Co-operative Society Eligible for Section 80P(2)(a)(i) Deduction

ITAT Deletes Section 69A Addition After Assessee Proves Cash Gift from Father

ITAT Allows Section 10(10B) Exemption to BSNL VRS Employee Despite Wrong Claim Under Section 10(10C)