Articles

Income tax refunds for AY 2025-26 are delayed as returns are kept on hold under the risk management process due to discrepancies in refund claims, taxpayers are advised to file revised returns.

Income Tax Refund Stuck? Key Reasons Why Refunds Are Being Withheld in AY 2025-26

Judgement

AAR ruled that tree plantation and post-plantation maintenance carried out by a Section 12AB-registered charitable institution for environmental preservation is exempt from GST.

AAR Grants GST Exemption on Tree Plantation and Maintenance By a Charitable Institution

Gujarat AAR held that tree plantation and post-plantation maintenance activities carried out by a charitable trust for environmental preservation are exempt from GST.

GST Exemption Allowed for Tree Plantation and Maintenance by Charitable Trust: Gujarat AAR

Under-Construction Villas Treated as Business Assets; Assessee Not Owner of More Than One Residential House on Date of Transfer

ITAT Allows Section 54F Deduction Where Multiple Under-Construction Villas Were Held as Business Assets

Tribunal holds that unsigned Excel sheets seized from third-party premises cannot justify additions u/s 69A without corroborative evidences

ITAT: Loose Excel Sheets Found at Third-Party Premises Cannot Justify Additions Without Corroborative Evidence

ITAT holds assessment erroneous and prejudicial to Revenue due to complete lack of enquiry into cash deposits forming immediate source of loans and partner’s capital.

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Income Tax Refund Stuck? Key Reasons Why Refunds Are Being Withheld in AY 2025-26

AAR Grants GST Exemption on Tree Plantation and Maintenance By a Charitable Institution

GST Exemption Allowed for Tree Plantation and Maintenance by Charitable Trust: Gujarat AAR

ITAT Allows Section 54F Deduction Where Multiple Under-Construction Villas Were Held as Business Assets

ITAT: Loose Excel Sheets Found at Third-Party Premises Cannot Justify Additions Without Corroborative Evidence

Advertisement & Promotion Costs Allowable Despite NIL Revenue Under POCM: ITAT