Judgement

High Court sets aside rejection of condonation under Section 119(2)(b) for 16-day delay in uploading Form 10B, directs reconsideration citing bona fide professional error and CBDT Circular 2/2020.

High Court Sets Aside Rejection of Delay Condonation under Section 119(2)(b)

The ITAT Mumbai reaffirmed that the Section 54 exemption must be granted based on the assessee’s actual investment in the new property, irrespective of joint ownership.

Joint Ownership Not a Barrier! ITAT Mumbai Allows Full Rs 3.67 Cr Section 54 Deduction

Articles

Starting from April 1, 2026, the Income Tax Act, 1961, will be repealed by virtue of Section 536 of the Income Tax Act, 2025.

Traces Advisory on reduced Time Limit for revising TDS/TCS Returns

News

The IT Dept. exposes a large-scale racket of bogus political donations exceeding Rs. 5,500 crore, carried out by forming 36 fake parties over three years. RUPPs under probe.

Breaking: Income Tax Dept. Unearths Rs. 5,500 Crore Fake Political Donations Racket

Hindustan Unilever Ltd disclosed on Friday that it has received a tax demand of Rs. 1,986 crore from the Income Tax Department.

Hindustan Unilever Faces Rs. 1,986 Crore Tax Notice from Income Tax Department

The ITAT Mumbai held that payments for intra-group support services were not taxable in India as Fees for Technical Services or Royalty.

Explore Our Blogs

High Court Sets Aside Rejection of Delay Condonation under Section 119(2)(b)

Joint Ownership Not a Barrier! ITAT Mumbai Allows Full Rs 3.67 Cr Section 54 Deduction

Traces Advisory on reduced Time Limit for revising TDS/TCS Returns

Breaking: Income Tax Dept. Unearths Rs. 5,500 Crore Fake Political Donations Racket

Hindustan Unilever Faces Rs. 1,986 Crore Tax Notice from Income Tax Department

ITAT Mumbai Rules That Functional Service Receipts Are Not Taxable as Fees for Technical Services or Royalty