Judgement

High Court sets aside penalty under Section 271(1)(c) on Aircel; Holds less than 24-hour notice and no hearing violates natural justice

Relief for Aircel: HC Quashes Penalty Issued with 24‑Hour SCN Response Time; Orders Fresh Hearing with Adequate Notice

Articles

The CBDT has released the Central Action Plan for 2025-26, focuses on quick issuance of refunds to avoid interest payments for delayed refunds.

ITR Filed Early, Still waiting for refund: Know Reasons

Circulars

The ITRs filed online up to March 31, 2024, that were wrongly marked invalid by the CPC will now be processed.

CBDT Allows Extra Time to Process Returns Marked Invalid Due to Technical Error

High Court in Appeal Reaffirms Section 14A Disallowance; Inapplicable When No Exempt Income Earned

HC: No Substantial Question of Law Arises in Revenue’s Section 14A Appeal

More than 9.19 crore ITR are filed in FY 2024-25. however, Only 6.72 crore ITRs were filed in FY 2020-21. Below are listed the Benefits of filing ITR even if you have no tax liability.

I don't have Tax Liability: Should I still file my ITR?

Notifications

The Central Board of Direct Taxes notifies bonds issued by IREDA as long-term specified assets under section 54EC of the Income Tax Act 1961 enabling tax exemption on capital gains.

Explore Our Blogs

Relief for Aircel: HC Quashes Penalty Issued with 24‑Hour SCN Response Time; Orders Fresh Hearing with Adequate Notice

ITR Filed Early, Still waiting for refund: Know Reasons

CBDT Allows Extra Time to Process Returns Marked Invalid Due to Technical Error

HC: No Substantial Question of Law Arises in Revenue’s Section 14A Appeal

I don't have Tax Liability: Should I still file my ITR?

CBDT Notifies Bonds Issued by IREDA as Long Term Specified Assets Under Section 54EC