Judgement

Tribunal holds PCIT cannot invoke Section 263 when reassessment completed on specific recorded reasons; no addition made on unrelated issue.

ITAT Allows Appeal, Says PCIT Can’t Expand Scope of Reassessment via Section 263

News

Eknath Shinde visits Delhi after I-T notice to minister and hotel bid probe involving his son; political tensions and alliance talks rise in Maharashtra.

Eknath Shinde Goes to Delhi After Minister Gets Income Tax Notice and Son Faces Hotel Bid Probe

Just because money was deposited during demonetization does not mean it is unexplained without proof.

Demonetisation Cash Deposits Cannot be Doubted if ITR Filed u/s 44AD: ITAT

Articles

The Income Tax Department has released the Excel utilities and Schemas for ITR-2 and ITR-3. Check related details below.

After 102 Days of Wait, Excel Utilities for ITR-2 & ITR-3 Finally Released for AY 2025-26

Tribunal quashes revision under Section 263; holds no disallowance under Section 14A when no exempt income earned.

No Exempt Income Means No Disallowance; ITAT Says PCIT Overreached

ITAT Mumbai allows ACG Pam Pharma to claim Section 80G deduction on CSR donation, quashing PCIT's revision under Section 263.

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ITAT Allows Appeal, Says PCIT Can’t Expand Scope of Reassessment via Section 263

Eknath Shinde Goes to Delhi After Minister Gets Income Tax Notice and Son Faces Hotel Bid Probe

Demonetisation Cash Deposits Cannot be Doubted if ITR Filed u/s 44AD: ITAT

After 102 Days of Wait, Excel Utilities for ITR-2 & ITR-3 Finally Released for AY 2025-26

No Exempt Income Means No Disallowance; ITAT Says PCIT Overreached

Income Tax: ITAT Allows Section 80G Deduction on CSR Expense