Notifications

The Central Board of Direct Taxes(CBDT) has issued corrigendum to its Notification issued earlier to notify new ITR-7 applicable for the Assessment Year 2023-24.

CBDT issues Corrigendum to ITR-7 notified for Assessment Year 2023-24

CBDT has notified Income Tax exemption to Insolvency and Bankruptcy Board of India under section 10(46) of the Income Tax Act 1961.

CBDT notifies Exemption to Insolvency and Bankruptcy Board of India

The Central Board of Direct Taxes(CBDT) has notified changes in Income Tax Return Forms (ITR Forms) via issuing Notification.

CBDT notifies changes in Income Tax Return (ITR) Forms [Read Notification]

Judgement

It was further stated that the assessee was released from prison during the tenure when the entire country was in lock-down due to Covid 19 and the appellant was not aware of the order of the ld. CIT (Appeals).

Delay in filing appeal condoned as assessee was in Jail: ITAT condones the delay

AO had disallowed the ESOP expenses by holding it to be capital in nature and not allowable u/s 37(1) of the Act.

ITAT allows ESOP expenses u/s 37(1) of Income Tax

Google US has received a favourable ruling from the Bengaluru bench of ITAT, in which it was compensated for employee costs by Google India.

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CBDT issues Corrigendum to ITR-7 notified for Assessment Year 2023-24

CBDT notifies Exemption to Insolvency and Bankruptcy Board of India

CBDT notifies changes in Income Tax Return (ITR) Forms [Read Notification]

Delay in filing appeal condoned as assessee was in Jail: ITAT condones the delay

ITAT allows ESOP expenses u/s 37(1) of Income Tax

Seconded employees does not come within ‘FTS’ or ‘FIS’: ITAT