Judgement

ITAT Mumbai dismissed the taxpayer’s appeal for repeated non-appearance, upholding a Rs. 28.59 lakh addition for unexplained cash deposits.

ITAT Upholds 28.59 Lakh Addition on Taxpayer for Unexplained Cash Deposits; Appeal Dismissed

News

The number of people earning more than Rs 1 crore a year has increased sharply eventhough the people who file income tax returns has not grown much.

Slow growth in Tax filers but, India Sees Sharp Rise in Crore-Plus Earners

ITAT deletes the entire CPC demand of Rs. 25,710, holding that the Section 87A rebate is fully allowable on LTGCs from debt, as the restriction under Section 112A applies only to equity LTCG.

Income Tax Rebate Restriction Applies Only to Equity LTCG u/s Section 112A, Not LTCG from debt investments: Rules ITAT

Jobs

The Income Tax Department, Karnataka and Goa Region, has recently released an advertisement to hire young professionals under the Young Professional Scheme of the Central Board of Direct Taxes (CBDT).

Income Tax Dept Invites Applications for handling tax-related matters: Know How to Apply

Notifications

Central Govt has granted tax exemption to Mussoorie Dehradun Development Authority subject to certain conditions under section 10 (46A) of the Income-tax Act.

CBDT Notifies Tax Exemption To Mussoorie Dehradun Development Authority u/s 10(46A) of Income Tax Act

MoF grants income tax exemption to the Joint Electricity Regulatory Commission under section 10 (46A), effective from AY 2024-25.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Upholds 28.59 Lakh Addition on Taxpayer for Unexplained Cash Deposits; Appeal Dismissed

Slow growth in Tax filers but, India Sees Sharp Rise in Crore-Plus Earners

Income Tax Rebate Restriction Applies Only to Equity LTCG u/s Section 112A, Not LTCG from debt investments: Rules ITAT

Income Tax Dept Invites Applications for handling tax-related matters: Know How to Apply

CBDT Notifies Tax Exemption To Mussoorie Dehradun Development Authority u/s 10(46A) of Income Tax Act

CBDT Grants Tax Exemption To Joint Electricity Regulatory Commission U/s 10 of Income-tax Act