Judgement

ITAT quashes the Section 271D penalty, as it was imposed by the AO instead of the Joint Commissioner, who alone had authority before April 1, 2025.

When Law Specifies Authority, Others Cannot Act: ITAT Cancels 271D Penalty

News

President Draupadi Murmu addressed the officers at the convocation ceremony of the 78th IRS (Income Tax) batch and stressed on the responsibility of transparent tax system, fair administration and respect for citizens

President Sends Powerful Message to Future Tax Officers at IRS Convocation

The Gujarat High Court quashes trial court orders directing the production of ITRs, holding the absence of reasoning and lack of relevance to the cheque-dishonour dispute.

HC: Income Tax Returns Not Automatically Relevant in NI Act Proceedings; Direction to Produce Set Aside

Tribunal restores the matter to CIT(A), holding that inconsistent departmental records created genuine confusion; the delay was not due to negligence.

ITAT: 2855-Day Delay Condoned Where Assessee Acted on Bona Fide Belief Due to Conflicting CPC Communications

The tribunal noted that the company had already included Rs 19,42,456 in total receipts of Rs 64,30,020. It found that the AO's treatment of the interest income was unjustified.

Interest Income from Money lending business eligible for 44AD: ITAT

The ITAT Bangalore holds that the presence of nominal members does not disentitle deduction under Section 80P.

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When Law Specifies Authority, Others Cannot Act: ITAT Cancels 271D Penalty

President Sends Powerful Message to Future Tax Officers at IRS Convocation

HC: Income Tax Returns Not Automatically Relevant in NI Act Proceedings; Direction to Produce Set Aside

ITAT: 2855-Day Delay Condoned Where Assessee Acted on Bona Fide Belief Due to Conflicting CPC Communications

Interest Income from Money lending business eligible for 44AD: ITAT

ITAT: Co-operative Society Eligible for Section 80P Deduction Despite Nominal Members; Interest Income Partly Taxable as “Other Sources”