Judgement

ITAT allows the Section 54F exemption, accepts FMV and permits cost of improvement claims.

ITAT Grants Section 54F Relief; Accepts Stamp Value for Cost

Articles

Ensure TDS is deposited by April 30 and file all required challan-cum-statements correctly to stay compliant and avoid penalties.

TDS Compliance Checklist for April 2026: Key Deadlines and Filing Steps

The court affirms relief, allowing delayed audit report filings to preserve charitable trust exemption benefits.

Supreme Court Upholds Condonation of Delay in Filing Form 10B

The Supreme Court denies the set-off of amalgamating company losses, citing the absence of a statutory provision under state law.

No Set-Off of Pre-Amalgamation Losses Without Statutory Provision, Rules SC

The ITAT reduced a Rs 1.47 crore addition to Rs 10 lakh to prevent double taxation and held that Section 115BBE was inapplicable, directing taxation under normal provisions.

ITAT Curbs Rs 1.47 Cr Addition to Rs 10 Lakh, Rejects 115BBE Applicability to Avoid Double Taxation

The Tribunal held that if accumulated income is not used within 5 years, it is treated as income for the year in which it is not utilised, and the same becomes taxable under Section 11(3) of the Income Tax Act.

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ITAT Grants Section 54F Relief; Accepts Stamp Value for Cost

TDS Compliance Checklist for April 2026: Key Deadlines and Filing Steps

Supreme Court Upholds Condonation of Delay in Filing Form 10B

No Set-Off of Pre-Amalgamation Losses Without Statutory Provision, Rules SC

ITAT Curbs Rs 1.47 Cr Addition to Rs 10 Lakh, Rejects 115BBE Applicability to Avoid Double Taxation

Unutilised Accumulated Funds of State Examination Board Become Taxable if Not Used Within 5 Years: ITAT