News

PhysicsWallah Limited receives a rectification order, reducing a tax demand of Rs 263.34 crore to Rs 192.76 crore and plans to file an appeal before the CIT(A) to challenge the remaining amount.

Income Tax Demand Against Physicswallah Reduced to Rs 192.76 Cr; Company plans to File Appeal Before CIT(A)

Judgement

ITAT ruled that late fees under Section 234E cannot be levied on TDS returns filed before June 1, 2015, due to the absence of enabling legal provisions at that time.

ITAT Kolkata Deletes Section 234E Late Fees for Pre-2015 TDS Returns

Articles

Sunil Bajpai assumed charge as Principal Chief Commissioner of Income Tax, Tamil Nadu and Puducherry, after decades in the IRS, supported by strong academics and leadership roles across various key institutions.

Sunil Bajpai Appointed as Principal Chief Commissioner of Income Tax for Tamil Nadu and Puducherry 

Section 151 of the income tax act requires mandatory approval from higher authority before reopening assessments beyond three years for amounts involving .

Reassessment Beyond 3 Years Invalid Without Higher Authority Approval: ITAT Quashes Reopening Notices

The ITAT holds that the Section 80P(2)(a)(i) deduction cannot be denied solely due to lack of documentary evidence without assessing the nature of activities.

Section 80P Deduction Cannot Be Denied Solely for Lack of Documentary Evidence: ITAT

ITAT condoned a 1,200-day delay due to the managing director’s illness and death, imposing Rs 20,000 costs.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Income Tax Demand Against Physicswallah Reduced to Rs 192.76 Cr; Company plans to File Appeal Before CIT(A)

ITAT Kolkata Deletes Section 234E Late Fees for Pre-2015 TDS Returns

Sunil Bajpai Appointed as Principal Chief Commissioner of Income Tax for Tamil Nadu and Puducherry

Reassessment Beyond 3 Years Invalid Without Higher Authority Approval: ITAT Quashes Reopening Notices

Section 80P Deduction Cannot Be Denied Solely for Lack of Documentary Evidence: ITAT

ITAT Condoned 1,200-Day Delay in Appeal Citing Managing Director’s Illness and Death