Notifications

The Centre has granted BBNDA retrospective income tax exemption on specified income under Section 10(46), subject to prescribed conditions.

CBDT Notifies Income Tax Exemption to Baddi Barotiwala Nalagarh Development Authority 

Judgement

The ITAT condoned a 578-day delay in filing an appeal by a Dubai-based assessee, restored the reassessment, and remanded the matter to the AO for fresh adjudication.

ITAT Orders Fresh Assessment After Accepting NRI's Claim of Delay Due to Dubai Stay and COVID-19

The ITAT remanded the matter to the CIT(A) for fresh adjudication with a fair hearing despite the assessee's repeated non-compliance, subject to payment of Rs 1,000 costs.

ITAT Grants Fresh Hearing Despite Repeated Non-Compliance Before CIT(A), Imposes Rs 1,000 Cost on Taxpayer

ITAT held that an order passed against a deceased taxpayer is invalid and directed a fresh hearing after notifying the legal heir.

ITAT Sets Aside CIT(A) Order Passed After Taxpayer's Death

The ITAT held that carbon credit sale receipts earned before the introduction of Section 115BBG are capital receipts, not taxable, and must be excluded from Section 115JB book profit computation.

ITAT Holds Carbon Credit Receipts Not Taxable, Directs Exclusion from Section 115JB Computation

ITAT allowed the full Section 87A rebate on Section 111A STCG under the new tax regime for AY 2024–25 where total income does not exceed Rs 7 lakh.

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CBDT Notifies Income Tax Exemption to Baddi Barotiwala Nalagarh Development Authority

ITAT Orders Fresh Assessment After Accepting NRI's Claim of Delay Due to Dubai Stay and COVID-19

ITAT Grants Fresh Hearing Despite Repeated Non-Compliance Before CIT(A), Imposes Rs 1,000 Cost on Taxpayer

ITAT Sets Aside CIT(A) Order Passed After Taxpayer's Death

ITAT Holds Carbon Credit Receipts Not Taxable, Directs Exclusion from Section 115JB Computation

ITAT Directs Grant of Full Section 87A Rebate, Rejects CPC's Restricted Computation