News

The CBDT has intensified scrutiny after detecting bogus deduction claims, slowing refund releases while prioritising legitimate payments and accelerating appeal disposals to reduce the Covid-Era backlog.

CBDT Cracks Down on Wrong Tax Claims and Tightens Scrutiny on High-Value Returns

Articles

Once the rules are notified, the taxpayers will see new formats and a more streamlined system designed to reduce confusion and ease compliance.

New ITR Forms to be Released by January 2026: What Does it Mean for Taxpayers?

Judgement

Tribunal rules cash deposits during demonetisation were consistent with business pattern; Section 68 addition unsustainable.

ITAT Deletes Addition of Rs. 20 Lakhs Cash Deposit in SBN; Accepts Regular Cash-Intensive Business Pattern

Tribunal finds cash deposits during demonetisation fully explained and rejects arbitrary GP addition without supporting comparables

ITAT Ahmedabad Deletes Rs. 2.42 Cr Cash Deposit Addition; Restricts GP Estimate to 2.50%

CIT(E) directed to freshly examine charitable objects and activities under amended Section 12AB framework

ITAT Remands 12AB Registration Rejection; Holds Section 13(1)(b) Cannot Be Invoked at Registration Stage

Tribunal rules on multiple appeals of Anupam Industries: ad-hoc disallowance deleted, PF delay disallowance upheld, CENVAT duty allowed, penalty sustained, warranty provision remanded.

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CBDT Cracks Down on Wrong Tax Claims and Tightens Scrutiny on High-Value Returns

New ITR Forms to be Released by January 2026: What Does it Mean for Taxpayers?

ITAT Deletes Addition of Rs. 20 Lakhs Cash Deposit in SBN; Accepts Regular Cash-Intensive Business Pattern

ITAT Ahmedabad Deletes Rs. 2.42 Cr Cash Deposit Addition; Restricts GP Estimate to 2.50%

ITAT Remands 12AB Registration Rejection; Holds Section 13(1)(b) Cannot Be Invoked at Registration Stage

CENVAT Penalty Paid Cannot Be Claimed as Business Expense for Income Tax