Judgement

Statements of Employees Recorded 10 Years Later and Field Enquiry in 2023 Cannot Render Genuine Pre-Merger Purchases Bogus

ITAT Deletes Entire Disallowance on Alleged Non-Genuine Purchases of Merged Subsidiary

News

The IT Department has simplified online rectification on the e-filing portal, allowing direct correction of tax orders, even as delayed refunds continue to trouble taxpayers.

New Rectification Feature on Income Tax Portal Brings Relief to Taxpayers Amid Refund Delays

Articles

Taxpayers are seeking an refund extension beyond December 31 to file revised ITRs for AY 2025-26 due to time constraints.

Income Tax Refund Delays: Key Reasons Why Refunds Are Still on Hold

Procedural lapse cannot override substantive compliance where entire capital gain is invested in new residential house within statutory period

ITAT Allows Full Section 54 Exemption Despite Non-Deposit in Capital Gain Account Scheme

ITAT Delhi Holds Chartered Accountant Partner Can Opt for Section 44ADA on Firm Remuneration

Partner’s Remuneration Eligible for Presumptive Taxation Under Section 44ADA

Tribunal Remands Case to AO to Determine Whether Receipt Was Genuine Property Advance or Loan

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ITAT Deletes Entire Disallowance on Alleged Non-Genuine Purchases of Merged Subsidiary

New Rectification Feature on Income Tax Portal Brings Relief to Taxpayers Amid Refund Delays

Income Tax Refund Delays: Key Reasons Why Refunds Are Still on Hold

ITAT Allows Full Section 54 Exemption Despite Non-Deposit in Capital Gain Account Scheme

Partner’s Remuneration Eligible for Presumptive Taxation Under Section 44ADA

ITAT Grants Fresh Opportunity in Rs. 20 Lakh Section 68 Addition Linked to Alleged Accommodation Entry