Judgement

The ITAT held that delayed filing of Form 10CCB is a procedural defect and cannot deprive an assessee of the substantive deduction available under Section 80IE. 

ITAT Allows Section 80IE Deduction, Holds Delayed Form 10CCB Filing as Mere Procedural Defect

ITAT Holds Business Loss from Genuine Share Transactions Cannot Be Taxed as Unexplained Cash Credit Under Section 68

The ITAT holds genuine exemption claims cannot be denied merely because they were not claimed in returns.

ITAT Allows BSNL VRS Tax Exemption Despite No Return Claim

News

The Income Tax Department has released the Excel Utility for ITR-5 for Assessment Year (AY) 2026-27 on the e-filing portal.

Income Tax Dept Releases ITR-5 Excel Utility on E-Filing Portal for AY 2026-27

The ITAT holds legitimate exemptions cannot be denied merely because they were omitted from the return.

ITAT Allows BSNL VRS Exemption Despite Omission in Income Tax Return

ITAT invalidates reassessment as fresh notice exceeded surviving limitation period under revised reassessment regime.

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ITAT Allows Section 80IE Deduction, Holds Delayed Form 10CCB Filing as Mere Procedural Defect

ITAT Holds Business Loss from Genuine Share Transactions Cannot Be Taxed as Unexplained Cash Credit Under Section 68

ITAT Allows BSNL VRS Tax Exemption Despite No Return Claim

Income Tax Dept Releases ITR-5 Excel Utility on E-Filing Portal for AY 2026-27

ITAT Allows BSNL VRS Exemption Despite Omission in Income Tax Return

ITAT Quashes Time-Barred Reassessment Following Supreme Court Limitation Rulings