Articles

Missed your ITR filing deadline? Learn the penalties, late fees, interest, loss of tax benefits, and the options still available under the Income Tax Act for AY 2026-27.


Missed Your ITR Due Date? Here's What Happens Next

Judgement

The ITAT holds a consequential assessment cannot survive after a revision order is quashed without any stay order.

ITAT Quashes Consequential Assessment After Section 263 Revision Order Fails

ITAT taxes only commission, not entire cash deposits, where assessee acted as accommodation entry facilitator.

ITAT Restricts Addition to Commission on Accommodation Cash Deposit Transactions

Tribunal allows VRS exemption claim, directs verification of enhanced leave encashment exemption under Income Tax Act.

ITAT Grants Relief on BSNL VRS Compensation and Leave Encashment Exemption

Tribunal remands registration application after rejection based solely on non-submission of supporting documents and records.

ITAT Restores Charitable Trust's 12AB Registration Application After CIT(E) Rejects It for Non-Filing of Documents

The High Court follows the Supreme Court ruling to invalidate the reassessment notice issued beyond the statutory limitation period.

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Missed Your ITR Due Date? Here's What Happens Next

ITAT Quashes Consequential Assessment After Section 263 Revision Order Fails

ITAT Restricts Addition to Commission on Accommodation Cash Deposit Transactions

ITAT Grants Relief on BSNL VRS Compensation and Leave Encashment Exemption

ITAT Restores Charitable Trust's 12AB Registration Application After CIT(E) Rejects It for Non-Filing of Documents

Bombay High Court Quashes Time-Barred Reassessment Notice for AY 2015-16