News

The Income Tax Department erroneously issues Form 29B notices to non-MAT companies, causing undue compliance pressure just before the ITR deadline.

Erroneous Form 29B Demand Notices: System Glitch Triggers MAT Notices for Non-MAT Companies

Articles

Comprehensive guide on updated e-filing utilities, schemas, and change documents for key forms and ITRs.

Updated Forms and Utilities for ITR Filing in AY 2025-26: Every Taxpayers Must Know

Judgement

Cross appeals on estimation of profit from alleged bogus purchases – consistency with earlier years upheld

Bogus Purchases: ITAT Restricts Addition to 5% Following Consistency Principle

ITAT held that subsidy for promoting renewable energy projects is not deductible from asset cost for depreciation in AY 2014-15, deleting the Rs. 72.90 lakh disallowance.

ITAT: Renewable Energy Capital Subsidy Not to Reduce Asset Cost for Depreciation in AY 2014-15

ITAT Delhi: Section 14A Disallowance Cannot Exceed Exempt Income; Support Service Disallowance Remanded

ITAT: Section 14A Disallowance Cannot Exceed Exempt Income; Ad-hoc 25% Disallowance Remanded Back

The ITAT held that a reassessment initiated through a Section 148 notice issued in the name of a deceased assessee is void in law, and participation by the legal heir cannot cure this defect.

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Erroneous Form 29B Demand Notices: System Glitch Triggers MAT Notices for Non-MAT Companies

Updated Forms and Utilities for ITR Filing in AY 2025-26: Every Taxpayers Must Know

Bogus Purchases: ITAT Restricts Addition to 5% Following Consistency Principle

ITAT: Renewable Energy Capital Subsidy Not to Reduce Asset Cost for Depreciation in AY 2014-15

ITAT: Section 14A Disallowance Cannot Exceed Exempt Income; Ad-hoc 25% Disallowance Remanded Back

ITAT Holds Legal Heir’s Participation Cannot Cure Defective Notice Issued in Name of a Dead Person