Judgement

ITAT quashed the reassessment as illegal due to invalid and unsigned approval under Section 151, thereby setting aside the Section 148 notice and all additions.

ITAT Bangalore Sets Aside Rs. 2.17 Crore Cash Deposit Reassessment for Jurisdictional Lapse

Statements of Employees Recorded 10 Years Later and Field Enquiry in 2023 Cannot Render Genuine Pre-Merger Purchases Bogus

ITAT Deletes Entire Disallowance on Alleged Non-Genuine Purchases of Merged Subsidiary

News

The IT Department has simplified online rectification on the e-filing portal, allowing direct correction of tax orders, even as delayed refunds continue to trouble taxpayers.

New Rectification Feature on Income Tax Portal Brings Relief to Taxpayers Amid Refund Delays

Articles

Taxpayers are seeking an refund extension beyond December 31 to file revised ITRs for AY 2025-26 due to time constraints.

Income Tax Refund Delays: Key Reasons Why Refunds Are Still on Hold

Procedural lapse cannot override substantive compliance where entire capital gain is invested in new residential house within statutory period

ITAT Allows Full Section 54 Exemption Despite Non-Deposit in Capital Gain Account Scheme

ITAT Delhi Holds Chartered Accountant Partner Can Opt for Section 44ADA on Firm Remuneration

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ITAT Bangalore Sets Aside Rs. 2.17 Crore Cash Deposit Reassessment for Jurisdictional Lapse

ITAT Deletes Entire Disallowance on Alleged Non-Genuine Purchases of Merged Subsidiary

New Rectification Feature on Income Tax Portal Brings Relief to Taxpayers Amid Refund Delays

Income Tax Refund Delays: Key Reasons Why Refunds Are Still on Hold

ITAT Allows Full Section 54 Exemption Despite Non-Deposit in Capital Gain Account Scheme

Partner’s Remuneration Eligible for Presumptive Taxation Under Section 44ADA