Articles

If you are an Indian resident and owning any foreign assets or securities or having any other financial interest outside India then you need to be very careful while filling of your Income tax return.

FForeign Assets Reporting In ITR for FY 2025-26

Foreign Assets Reporting In ITR for FY 2025-26

Judgement

Delhi High Court quashes reassessment proceedings for obtaining sanction from incorrect statutory authority.

Delhi High Court Quashes Reassessment for Invalid Section 151 Approval

News

The Income Tax Department has replaced the old form 13 with a new form no. 128 under the new Income Tax Act, 2025.

Income Tax Dept Replaces Form 13 With New Form No. 128

Allahabad High Court upholds ITAT rejection of rectification plea involving 867-day appeal delay.

Allahabad HC Dismisses Appeal Against ITAT Rectification Order in Delay Matter

ITAT deletes the addition, holding that Section 56(2)(x) is not applicable to AY 2017-18 as the property was purchased prior to April 1, 2017.

ITAT Deletes Rs 7.62 Lakh Addition, Rules Section 56(2)(x) Not Applicable for AY 2017-18

The ITAT Ahmedabad remanded the Rs 5 lakh political donation deduction claim under Section 80GGC to the assessing officer for fresh verification and proper adjudication.

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Foreign Assets Reporting In ITR for FY 2025-26

Delhi High Court Quashes Reassessment for Invalid Section 151 Approval

Income Tax Dept Replaces Form 13 With New Form No. 128

Allahabad HC Dismisses Appeal Against ITAT Rectification Order in Delay Matter

ITAT Deletes Rs 7.62 Lakh Addition, Rules Section 56(2)(x) Not Applicable for AY 2017-18

ITAT Remands Section 80GGC Political Donation Case for Fresh Verification