Judgement

ITAT held that a debatable PF/ESI disallowance issue could not be adjusted while processing the return under Section 143(1), as the law was unsettled at the relevant time.

ITAT: Debatable PF/ESI Disallowance Cannot Be Adjusted Under Section 143(1)

Notifications

CBDT has approved PHFI for scientific research, enabling tax benefits on donations for five years.

CBDT Approves PHFI for Scientific Research Tax Benefits Under Income-tax Act, 2025

Articles

Many taxpayers are receiving ITR refunds within 7-10 days, thanks to faster processing and accurate filings.

Faster Tax Refunds This Year, But Small Errors Can Still Cause Delays

The ITAT Delhi held in favour of the taxpayer and allowed the claims relating to project abandonment expenses, lease rent payments, and administrative expenses for the AY 2015-16.

ITAT: Expenses Linked to Abandoned Project Cannot Remain Capitalised; Must Be Allowed as Deduction

News

Form 40 allows eligible taxpayers to defer taxation of foreign retirement account income.

ITR Filing 2026: How Form 40 Helps NRIs and Returning Indians Avoid Double Taxation on Foreign Retirement Accounts

The Income Tax Department has identified nearly 15,000 to 20,000 cases where taxpayers allegedly reduced their tax liability by claiming deductions and exemptions under incorrect provisions of the Income-tax Act.

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ITAT: Debatable PF/ESI Disallowance Cannot Be Adjusted Under Section 143(1)

CBDT Approves PHFI for Scientific Research Tax Benefits Under Income-tax Act, 2025

Faster Tax Refunds This Year, But Small Errors Can Still Cause Delays

ITAT: Expenses Linked to Abandoned Project Cannot Remain Capitalised; Must Be Allowed as Deduction

ITR Filing 2026: How Form 40 Helps NRIs and Returning Indians Avoid Double Taxation on Foreign Retirement Accounts

Income Tax Department Flags 20,000 Cases of Wrong Deduction Claims Through Swapped Provisions Tax Strategy