News

Tax professionals have urged the government to extend the FY 2025-26 Tax Audit and audited ITR filing deadline from September 30 to October 31, 2026.

Tax Professionals Seek Extension of Tax Audit and Audited ITR Filing Deadline From September 30 to October 31, 2026

Judgement

ITAT has quashed the Section 270A penalty imposed on the assessee after the original assessment was set aside and the fresh assessment made no additions, removing the very basis for the penalty.

ITAT Quashes Section 270A Penalty After Fresh Assessment Makes No Additions

ITAT dismissed a Section 10(26) exemption claim on salary income, holding that she failed to prove her income arose from a source situated in the notified area.

ITAT Dismisses Dell Employee’s Appeal, Holds Address in Meghalaya Not Enough to Claim Section 10(26) Salary Exemption

The Mumbai ITAT gave the taxpayer another opportunity to substantiate professional, commission expenses and Section 80GG deduction claims before the CIT(A).

ITAT Gives Taxpayer Another Chance to Prove Professional, Commission Expenses and Section 80GG Deduction Claims

ITAT deleted Rs 30,108 in TDS and TCS penalties, holding that its bona fide beliefs constituted reasonable cause under Section 273B of the Income Tax Act.

ITAT Deletes Sections 271C and 271CA Penalties Over Bona Fide Belief

ITAT remands the tax dispute to the Assessing Officer for fresh review after finding that the assessee was not given proper opportunity or relevant documents.

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Tax Professionals Seek Extension of Tax Audit and Audited ITR Filing Deadline From September 30 to October 31, 2026

ITAT Quashes Section 270A Penalty After Fresh Assessment Makes No Additions

ITAT Dismisses Dell Employee’s Appeal, Holds Address in Meghalaya Not Enough to Claim Section 10(26) Salary Exemption

ITAT Gives Taxpayer Another Chance to Prove Professional, Commission Expenses and Section 80GG Deduction Claims

ITAT Deletes Sections 271C and 271CA Penalties Over Bona Fide Belief

ITAT Remands Tax Dispute to Assessing Officer, Directs Fresh Review After Assessee Cites Lack of Proper Opportunity and Non-Supply of Documents