Judgement

The ITAT Chennai has allowed the company to enjoy a deduction under Section 80P(2)(d) for the interest earned from investment made in VDCC and dismissed the appeal of Revenue.

ITAT Chennai Allows 80P Deduction on Interest from Co-operative Bank; Revenue’s Appeal Dismissed

The Tribunal set aside the disallowance and directed the AO to allow the assessee’s CSR-related 80G claim.

ITAT Mumbai Holds CSR Donations to Charities Eligible for Section 80G Deduction; Favours Assessee

The ITAT set aside Luminous Power’s tax assessments for AY 2017-18 and 2018-19 after finding the orders were issued beyond the statutory deadline under Section 144C(13).

ITAT Quashes Time-Barred Assessment Orders u/s 144C(13) of Income Tax Act, 1961; Favours Assessee

Articles

The Income Tax Department has reduced the tax demand from Rs 216.19 crore to Rs 190.21 crore for the financial year 2020-21.

Jubilant FoodWorks Receives Rectification Order from Income Tax Department; Files Appeal Against Tax Demand

Court Holds Software Glitch Causing Missed Capital Loss Entry Is a Genuine Hardship; CBDT Cannot Deny Relief on Technical Grounds

High Court: CBDT Must Condone Delay Caused by Software Glitch; Mechanical Rejection Set Aside

The Due date to pay the third instalment of advance tax payments for FY 2025-26 is December 15, 2025.

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ITAT Chennai Allows 80P Deduction on Interest from Co-operative Bank; Revenue’s Appeal Dismissed

ITAT Mumbai Holds CSR Donations to Charities Eligible for Section 80G Deduction; Favours Assessee

ITAT Quashes Time-Barred Assessment Orders u/s 144C(13) of Income Tax Act, 1961; Favours Assessee

Jubilant FoodWorks Receives Rectification Order from Income Tax Department; Files Appeal Against Tax Demand

High Court: CBDT Must Condone Delay Caused by Software Glitch; Mechanical Rejection Set Aside

Advance Tax Payment: Meaning, Exemption, and Due Date