Notifications

The Central government has given income tax exemption to Mussoorie Dehradun Development Authority, which is an authority established under the UP Urban Planning Development Act.

Government Notifies Income Tax Exemption to Mussoorie Dehradun Development Authority

Judgement

High Court holds that reassessment notices issued by Jurisdictional Assessing Officers are without jurisdiction

HC Quashes Notices Issued by Jurisdictional Officers: Re-Assessment Must Be 100% Faceless

Non-filing of ITR by suppliers does not render purchases bogus, when purchases have been substantiated via invoices, GRNs, e-way bills, transport records, bank payments, GST data

Non-filing of ITR by suppliers does not render purchases bogus: ITAT

The Tribunal cited the case of Arvind Kumar Agarwal vs. ITO (supra), which also clarified that the condition requiring the timely submission of a return for claiming a deduction under section 10AA was applicable from 1.04.2024.

ITAT: Section 10AA Deduction Can’t Be Denied for AY 2023-24 for Belated Return or Form 56F Filed Within Extended Time

News

India’s tax landscape is shifting as young professionals increasingly earn from salaries, driving a sharp rise in complex, multi-income tax filings.

Indian's Shift from Salary Earners to Multi-Income Taxpayers as number of ITR-3 filers increase

The ITAT held that since the loss was withdrawn and no benefit was availed by the assessee, the required condition for levying a penalty under Section 271(1)(c) was not satisfied.

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Government Notifies Income Tax Exemption to Mussoorie Dehradun Development Authority

HC Quashes Notices Issued by Jurisdictional Officers: Re-Assessment Must Be 100% Faceless

Non-filing of ITR by suppliers does not render purchases bogus: ITAT

ITAT: Section 10AA Deduction Can’t Be Denied for AY 2023-24 for Belated Return or Form 56F Filed Within Extended Time

Indian's Shift from Salary Earners to Multi-Income Taxpayers as number of ITR-3 filers increase

ITAT Deletes Section 271(1)(c) Penalty for Withdrawn claim of carry forward of loss