Tribunal rules S. 143(1)(a) adjustment invalid where CPC failed to issue mandatory intimation before restricting leave encashment exemption.

ITAT Quashes Rs 6 Lakh Leave Encashment Disallowance for Sec 143(1)(a) Intimation Lapse

Articles

Understanding the taxability of the EPF involves knowing the limits on contributions, interest, and withdrawals, with specific exceptions for excess amounts and early withdrawals.

Understanding Provident Fund: Taxability, Exemptions, and Key Considerations

Futures and Options give major profit, but they can also cause significant loss due to inaccurate predictions.

Tax Implications of Futures and Options Transactions Under Income Tax

IT Dept releases new Excel utility for filing ITR-6 for companies and ITR-5 for firms, along with key deadlines for Financial Year 2024-25.

Excel Utilities Now Available for ITR-5 and ITR-6; File ITR Before Sept 15

Judgement

ITAT held penalty under Section 271(1)(c) not leviable where revised return filed within time was accepted without additions.

ITAT Deletes Rs 28.53 Lakh Penalty for Voluntary Income Revision u/s 271(1)(c)

ITAT affirms CIT(A) order deleting Rs. 69.48 Cr 14A disallowance and MAT adjustment as own funds exceeded investments; AO failed 14A(2) test

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ITAT Quashes Rs 6 Lakh Leave Encashment Disallowance for Sec 143(1)(a) Intimation Lapse

Understanding Provident Fund: Taxability, Exemptions, and Key Considerations

Tax Implications of Futures and Options Transactions Under Income Tax

Excel Utilities Now Available for ITR-5 and ITR-6; File ITR Before Sept 15

ITAT Deletes Rs 28.53 Lakh Penalty for Voluntary Income Revision u/s 271(1)(c)

ITAT Quashes Rs 69.48 Cr Addition under Section 14A Disallowance for Lack of AO’s Satisfaction & Ample Own Funds