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Centre authorizes Maharashtra to access specified income tax information for farmer loan waiver eligibility verification.

Centre Authorizes Maharashtra to Access Tax Data for Farmer Loan Waiver Scheme

Judgement

ITAT held that a penalty under Section 271D cannot be sustained without the Assessing Officer's recorded satisfaction during assessment proceedings and also found the proceedings to be time-barred.

ITAT: Section 271D Penalty Cannot Survive Without AO's Recorded Satisfaction

The ITAT Delhi held that a delayed filing of Form 67 is only a procedural lapse and cannot be the sole ground for denying Foreign Tax Credit under the DTAA.

Delay in Filing Form 67 Cannot Deny Foreign Tax Credit Under DTAA, Holds ITAT 

Articles

Learn the key capital gains tax exemptions available under the Income Tax Act to legally reduce your tax liability on the sale of property and other long-term capital assets.

Selling a Property or Asset? Know These Capital Gains Tax Exemptions

Learn how preliminary expenses are taxed under Section 35D of the Income Tax Act, including eligibility, deduction limits, and compliance requirements.

Taxation of Preliminary Expenses Under the Income Tax Act: Complete Guide to Section 35D

Learn how Joint Development Agreements (JDA) are taxed under the Income Tax Act, including capital gains computation, Section 45(5A), and TDS under Section 194-IC.

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Centre Authorizes Maharashtra to Access Tax Data for Farmer Loan Waiver Scheme

ITAT: Section 271D Penalty Cannot Survive Without AO's Recorded Satisfaction

Delay in Filing Form 67 Cannot Deny Foreign Tax Credit Under DTAA, Holds ITAT

Selling a Property or Asset? Know These Capital Gains Tax Exemptions

Taxation of Preliminary Expenses Under the Income Tax Act: Complete Guide to Section 35D

Taxation of Joint Development Agreements (JDA): Everything Landowners Need to Know