Judgement

The ITAT Bengaluru held that prolonged litigation, financial stress and disruption in a company's administrative functioning constituted reasonable cause under Section 273B. 

ITAT Quashes Rs 20,000 Penalty Under Section 271(1)(b) Citing Reasonable Cause for Non Compliance

The ITAT held that claiming full TDS credit without offering the corresponding income amounts to under-reporting, not misreporting, under Section 270A.

Claiming Full TDS Credit Without Reporting Entire Income Is Underreporting, Not Misreporting: ITAT 

News

Government to introduce five key Bills in the 8th Session of the 18th Lok Sabha, focusing on judicial reforms, taxation, MSMEs, and governance.

Five Key Bills Likely To Be Introduced in Eighth Session of 18th Lok Sabha

The ITAT Bangalore Directs Verification of Double Disallowance of TD and VAT Interest and Allows Appeal 

ITAT Remands Bad Debt, 80G Claim and Penalty Issues for Fresh Adjudication 

ITAT set aside the Rs 59.5 crore tax assessment against taxpayer and remanded the matter to the AO, holding that the proceedings ignored the IBC moratorium during the company's CIRP.

ITAT Sets Aside Tax Assessment Over IBC Moratorium, Remands Matter to AO

The IT Dept has released the Foreign Assets Information User Guide 2026 to help taxpayers securely access, understand, download, and verify their overseas financial information.

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ITAT Quashes Rs 20,000 Penalty Under Section 271(1)(b) Citing Reasonable Cause for Non Compliance

Claiming Full TDS Credit Without Reporting Entire Income Is Underreporting, Not Misreporting: ITAT

Five Key Bills Likely To Be Introduced in Eighth Session of 18th Lok Sabha

ITAT Remands Bad Debt, 80G Claim and Penalty Issues for Fresh Adjudication

ITAT Sets Aside Tax Assessment Over IBC Moratorium, Remands Matter to AO

Income Tax Dept Releases Foreign Assets Information User Guide 2026, Explains How to Access Overseas Financial Data