Judgement

Tribunal remands reassessment after finding deposits potentially sourced from foreign salary and FDR maturities.

ITAT Remands Rs.80 Lakh Addition Against Seafarer After Finding Bank Records Explained Deposits

Articles

Taxpayers can correct mistakes in their filed Income Tax Returns through a revised return and avoid potential tax disputes or penalties.

Made a Mistake in Your ITR? File a Revised Return to Correct Errors and Avoid Penalties

Tribunal holds overseas advisory services taxable only in residence country under applicable treaty.

ITAT Holds Marketing Advisory Receipts Not Taxable as FTS

News

The Income Tax Department has enabled ITR-3 filing for AY 2026-27 by releasing the Excel utility with new disclosure requirements for business taxpayers, professionals, and traders.

IT Department Releases ITR-3 Excel Utility for AY 2026-27; Filing Begins with New Disclosure Requirements

LG Electronics India Ltd has received a Rs 8.23 crore income tax penalty over a 2013-14 incentive tax dispute with the Uttar Pradesh government and plans to challenge the order in appeal.

LG Electronics India Faces Rs 8.23 Crore Tax Penalty, Plans Legal Challenge

ITAT deletes additions after finding share transactions genuine and capital gains already taxed.

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ITAT Remands Rs.80 Lakh Addition Against Seafarer After Finding Bank Records Explained Deposits

Made a Mistake in Your ITR? File a Revised Return to Correct Errors and Avoid Penalties

ITAT Holds Marketing Advisory Receipts Not Taxable as FTS

IT Department Releases ITR-3 Excel Utility for AY 2026-27; Filing Begins with New Disclosure Requirements

LG Electronics India Faces Rs 8.23 Crore Tax Penalty, Plans Legal Challenge

ITAT Quashes Section 69 Addition on Alleged Penny Stock Transactions