Judgement

The ITAT holds that CSR-driven environmental activities do not qualify as charitable purpose under the Income-tax Act where the dominant and exclusive benefit accrues to the promoter company, despite incidental environmental benefits.

ITAT Denies 12AB & 80G to Infosys Green Forum: CSR Is Not Charity, Even If It Incidentally Saves the Environment

The High Court rules that delay in statutory audit appointment and audit completion constitutes genuine hardship, condoning late ITR filing and directing tax authorities to adopt a liberal, justice-oriented approach under Section 119(2)(b).

Audit Delay Is Genuine Hardship: High Court Condones Late ITR Filing, Urges Liberal Approach

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Know why Budget 2026 Should Consider Introducing Joint Taxation for Married Couples.

Joint Taxation for Married Couples: A Proposal for Budget 2026

The Empanelment is valid for 5 years, and after this period, the organisations must mandatorily renew their empanelment if they meet the eligibility criteria.

ICAI Announces New Eligibility Criteria for Empanelment of Organisations to Offer Industrial Training

ICAI Announces New Eligibility Criteria for Empanelment of Organizations to Offer Industrial Training

Shares received on amalgamation can be taxed as business income if held as stock-in-trade

Supreme Court Rules on Taxability of Shares in Amalgamation: Stock-in-Trade vs. Capital Assets

Tribunal held that long-outstanding unsecured loans cannot be treated as taxable income in absence of any evidence of waiver or write-off.

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ITAT Denies 12AB & 80G to Infosys Green Forum: CSR Is Not Charity, Even If It Incidentally Saves the Environment

Audit Delay Is Genuine Hardship: High Court Condones Late ITR Filing, Urges Liberal Approach

Joint Taxation for Married Couples: A Proposal for Budget 2026

ICAI Announces New Eligibility Criteria for Empanelment of Organizations to Offer Industrial Training

Supreme Court Rules on Taxability of Shares in Amalgamation: Stock-in-Trade vs. Capital Assets

Waiver of Loan Cannot be Considered to be a 'Benefit' Without Specific Acknowledgment from Lenders: ITAT