Articles

Tax Department has introduced new rules and deductions for the taxpayers due to file their income tax return for AY 2024-25. Here are the key benefits of new and old tax regime.

ITR Filing 2025: Rules and Deductions You Must be Aware of

Judgement

As the Income Tax Department had failed to follow the mandatory requirement of the Standard Operating Procedure, the High Court quashed and set aside the assessment order and the demand notice.

Gujarat HC Quashes Faceless Assessment for Denial of Video Hearing; Orders Fresh Order per SOP

Here's a comprehensive guide to help taxpayers avoid the most common and costly mistakes while filing their Income Tax Return (ITR) for the AY 2025-26.

ITR Due Date Extended: Ten Key Mistakes to Avoid While Filing ITR in 2025

Court strikes down additions under Section 115JA; clarifies “reserve” vs. “provision” distinction

Bombay HC: Provision for Doubtful Debts Not a Reserve Under Section 115JA; Book Profits Cannot Be Increased

ITAT Mumbai allows 10% variation between purchase price and stamp duty value for AY 2017-18, granting retrospective relief under Section 56(2)(vii)(b).

ITAT Allows 10% Variation in Property Value for AY 2017-18 Under Section 56(2)(vii)(b)

HC interprets “a residential house” in Section 54 to include more than one unit before 2014 amendment; assessee is entitled to full relief on seven row houses

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ITR Filing 2025: Rules and Deductions You Must be Aware of

Gujarat HC Quashes Faceless Assessment for Denial of Video Hearing; Orders Fresh Order per SOP

ITR Due Date Extended: Ten Key Mistakes to Avoid While Filing ITR in 2025

Bombay HC: Provision for Doubtful Debts Not a Reserve Under Section 115JA; Book Profits Cannot Be Increased

ITAT Allows 10% Variation in Property Value for AY 2017-18 Under Section 56(2)(vii)(b)

Income Tax: Bombay HC allows Exemption under Section 54 Allowed for Multiple Houses Purchased Before 2015