Judgement

The Gujarat High Court observed that this was a genuine and bona fide error, and the company also paid taxes at the concessional rate of 22% and quashed the order.

HC Condones Delay in Filing Income Tax Form 10-IC Due to Bona Fide Error, Upholds Liberal Interpretation of “Genuine Hardship” Under Section 119(2)(b)

News

Around 40,000 taxpayers have revised their ITRs, withdrawing fake claims worth Rs. 1,045 crore after an AI-driven crackdown by the Income Tax Department.

Income Tax Fake Deductions: 40K Taxpayers Revised ITR to Withdraw Bogus claims of Rs 1045 Cr

Articles

The Income Tax Department has released the Income Tax Return (ITR) utility new codes under "Nature of Business/Profession" to improve developing sectors and activities.

ITR-3 Utility Updated: New codes added Under "Nature of Business/Profession"

ICAI has issued Memorandum of Suggestions on Income Tax Bill 2025, offering constructive feedback, proposed changes, and recommendations on the draft bill.

ICAI Releases Memorandum of Suggestions on Income Tax Bill 2025

The court quashed the order dated 19.01.2017 and allowed the widow to file the ITR for AY 2014-15 in the name of her late husband as legal representative

Income Tax: High Court Upholds Justice for Widow in Dispute Arising from Procedural Error in ITR Filing of Deceased Husband

Gujarat High Court grants tax relief to Camino Herbal Remedies by condoning delayed Form 10-IC filing caused by a genuine mistake of the Chartered Accountant.

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HC Condones Delay in Filing Income Tax Form 10-IC Due to Bona Fide Error, Upholds Liberal Interpretation of “Genuine Hardship” Under Section 119(2)(b)

Income Tax Fake Deductions: 40K Taxpayers Revised ITR to Withdraw Bogus claims of Rs 1045 Cr

ITR-3 Utility Updated: New codes added Under "Nature of Business/Profession"

ICAI Releases Memorandum of Suggestions on Income Tax Bill 2025

Income Tax: High Court Upholds Justice for Widow in Dispute Arising from Procedural Error in ITR Filing of Deceased Husband

Income Tax: High Court Condones Delay in Form 10-IC Filing Due to Bona Fide Mistake of Chartered Accountant