Judgement

The Income Tax Appellate Tribunal (ITAT), Delhi, has recently upheld the decision of CIT(A), saying that the applicable rate under section 115BAA of the Income Tax Act is 22% on the LTCG.

ITAT Upholds Tax Rate of 22% Under Section 115BAA for AY 2021-22

Circulars

CBDT extends ITR and audit filing deadlines for AY 2025-26 to December 10 and November 10, 2025, through Circular No. 15/2025.

CBDT Extends Due Dates for Tax Audit Reports and ITR Filing for AY 2025-26

The ITAT, has recently deleted the disallowance made by the assessing officer, holding that the reinvestment payment was made within the deadline of 2 years under section 54F.

Payment Within 2 Years Enough for Section 54F Deduction, Signing Date of Agreement Not Important: ITAT

The Gujarat AAR has ruled that ITC can be claimed on cables, equipment, and installation services used for power transmission infrastructure located outside the factory premises.

Gujarat AAR Allows ITC on Power Transmission Infrastructure Installed Outside Factory Premises

News

The Tax Audit and Income Tax Return (ITR) filing due dates remain unchanged in these cases. Taxpayers and professionals must complete filings within the prescribed deadlines. Read the detailed update here.

Tax Audit and ITR Due date not extended in this case: Know More

HC quashes prosecution under Section 276C(2) after entire self-assessment tax was paid, holding that mere delay without wilful intent cannot constitute evasion.

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ITAT Upholds Tax Rate of 22% Under Section 115BAA for AY 2021-22

CBDT Extends Due Dates for Tax Audit Reports and ITR Filing for AY 2025-26

Payment Within 2 Years Enough for Section 54F Deduction, Signing Date of Agreement Not Important: ITAT

Gujarat AAR Allows ITC on Power Transmission Infrastructure Installed Outside Factory Premises

Tax Audit and ITR Due date not extended in this case: Know More

High Court Quashes Prosecution under Section 276C(2) after Payment of Entire Self-Assessment Tax