Notifications

The CBDT has notified the following payments receivable by IFSC Units as eligible for TDS exemption under the Income-tax Act, 2025.

CBDT Issues Notification for Exemption from TDS on Certain Payments to IFSC Units under Income-tax Act, 2025

Judgement

The ITAT granted partial relief to Moradabad Zila Sahkari Bank by allowing key deductions, preventing double taxation, and permitting ex-gratia payments as business expenditure.

ITAT Grants Major Relief to Moradabad Zila Sahkari Bank in Tax Appeals

Centre authorizes Maharashtra to access specified income tax information for farmer loan waiver eligibility verification.

Centre Authorizes Maharashtra to Access Tax Data for Farmer Loan Waiver Scheme

ITAT held that a penalty under Section 271D cannot be sustained without the Assessing Officer's recorded satisfaction during assessment proceedings and also found the proceedings to be time-barred.

ITAT: Section 271D Penalty Cannot Survive Without AO's Recorded Satisfaction

The ITAT Delhi held that a delayed filing of Form 67 is only a procedural lapse and cannot be the sole ground for denying Foreign Tax Credit under the DTAA.

Delay in Filing Form 67 Cannot Deny Foreign Tax Credit Under DTAA, Holds ITAT 

Articles

Learn the key capital gains tax exemptions available under the Income Tax Act to legally reduce your tax liability on the sale of property and other long-term capital assets.

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CBDT Issues Notification for Exemption from TDS on Certain Payments to IFSC Units under Income-tax Act, 2025

ITAT Grants Major Relief to Moradabad Zila Sahkari Bank in Tax Appeals

Centre Authorizes Maharashtra to Access Tax Data for Farmer Loan Waiver Scheme

ITAT: Section 271D Penalty Cannot Survive Without AO's Recorded Satisfaction

Delay in Filing Form 67 Cannot Deny Foreign Tax Credit Under DTAA, Holds ITAT

Selling a Property or Asset? Know These Capital Gains Tax Exemptions