Judgement

ITAT deletes the entire CPC demand of Rs. 25,710, holding that the Section 87A rebate is fully allowable on LTGCs from debt, as the restriction under Section 112A applies only to equity LTCG.

Income Tax Rebate Restriction Applies Only to Equity LTCG u/s Section 112A, Not LTCG from debt investments: Rules ITAT

Jobs

The Income Tax Department, Karnataka and Goa Region, has recently released an advertisement to hire young professionals under the Young Professional Scheme of the Central Board of Direct Taxes (CBDT).

Income Tax Dept Invites Applications for handling tax-related matters: Know How to Apply

Notifications

Central Govt has granted tax exemption to Mussoorie Dehradun Development Authority subject to certain conditions under section 10 (46A) of the Income-tax Act.

CBDT Notifies Tax Exemption To Mussoorie Dehradun Development Authority u/s 10(46A) of Income Tax Act

MoF grants income tax exemption to the Joint Electricity Regulatory Commission under section 10 (46A), effective from AY 2024-25.

CBDT Grants Tax Exemption To Joint Electricity Regulatory Commission U/s 10 of Income-tax Act

Orders

Tata Consumer Products received demand order and has sought rectification; expects demand to be deleted.

Tata Consumer Products Receives Rs 269.29 Crore Income Tax Demand for FY19

Articles

Over 61 lakh income tax returns remain unprocessed in AY 2025-26, mainly due to data mismatches, verification issues, and extended processing timelines allowed under tax laws.

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Income Tax Rebate Restriction Applies Only to Equity LTCG u/s Section 112A, Not LTCG from debt investments: Rules ITAT

Income Tax Dept Invites Applications for handling tax-related matters: Know How to Apply

CBDT Notifies Tax Exemption To Mussoorie Dehradun Development Authority u/s 10(46A) of Income Tax Act

CBDT Grants Tax Exemption To Joint Electricity Regulatory Commission U/s 10 of Income-tax Act

Tata Consumer Products Receives Rs 269.29 Crore Income Tax Demand for FY19

Refund Still Not Received for AY 2025-26? Know Reasons Why 61 Lakh ITRs Are Still Pending to be Processed