Judgement

Tribunal holds PCIT cannot revise a 153C assessment under Section 263 without first annulling the mandatory approval granted under Section 153D

ITAT Quashes PCIT’s Revision in Haldiram Case; Section 263 Can’t Override 153D Approval

The ITAT directed the AO to check whether the TDS was deducted by the employer from the payment of bonus, and if the same is deducted, the AO should not deny the TDS claim.

Employee Not Responsible if Employer Fails to Deposit TDS with Government: ITAT

The tribunal held that the approval given by the PCIT is incorrect and the reopening of the assessment proceeding is also invalid.

PCIT Must Reflect an Independent Application of Mind Before Giving Approval for Reopening Assessment: ITAT

Articles

From 1 April 2026, old Income Tax Act of 1961 will be discontinued, as mentioned in Section 536 of new Income Tax Act, 2025.

Income Tax Breaking: TDS/TCS Corrections Will Not Be Accepted After This Date

Tribunal holds that disclosed foreign investments made by assessee for minor daughters cannot be treated as unexplained and upholds allowance of foreign tax credit

ITAT Upholds Deletion of Addition on Foreign Investments; Allows Foreign Tax Credit

ITAT grants assessee another opportunity to explain demonetisation-period cash deposits, but imposes Rs.10,000 cost for negligent non-compliance before CIT(A)

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ITAT Quashes PCIT’s Revision in Haldiram Case; Section 263 Can’t Override 153D Approval

Employee Not Responsible if Employer Fails to Deposit TDS with Government: ITAT

PCIT Must Reflect an Independent Application of Mind Before Giving Approval for Reopening Assessment: ITAT

Income Tax Breaking: TDS/TCS Corrections Will Not Be Accepted After This Date

ITAT Upholds Deletion of Addition on Foreign Investments; Allows Foreign Tax Credit

ITAT Gives Assessee One More Chance on Demonetisation Cash Deposits, But With a Cost