Judgement

Tribunal condones delayed appeal with costs, remands capital gains and Section 54F claims for reconsideration.

ITAT Condones 433-Day Delay, Restores Section 54F and Capital Gains Issues

Tribunal rejects unsubstantiated gift claim, allows limited relief under CBDT Instruction on gold possession.

ITAT Upholds Section 69A Addition, Grants Relief for Permissible Gold Holding

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

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.

Explore Our Blogs

ITAT Condones 433-Day Delay, Restores Section 54F and Capital Gains Issues

ITAT Upholds Section 69A Addition, Grants Relief for Permissible Gold Holding

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