Judgement

ITAT held that performance bond guarantee and bank guarantee charges are not commission or brokerage, as there is no principal-agent relation

No TDS u/s 194H Applicable on bank guarantee charges: ITAT

The ITAT ruled that if the assessee intends to invest in construction of property, the assessee must be allowed the exemption under section 54, even if the investment was not made in the CGDS Scheme.

ITAT allows Section 54 Exemption for Construction Purposes, Despite Non-Deposit Under CGDS

Articles

Check your Income Tax Refund 2025 status, understand delays, and know when pending refunds will be credited.

Income Tax Refund 2025: How to Check Status, Causes of Delay, and When You’ll Get Your Refund

ITAT sets aside Section 69 additions where assessee failed to furnish bank statements and source-investment nexus

Ledgers Not Enough: ITAT Sends Unexplained Investment Case Back for Fresh Verification

High Court sets aside Section 153C notices after finding a 22-month delay in recording satisfaction contrary to Calcutta Knitwears and CBDT Circular

Gujarat High Court Quashes 153C Notices Issued After 22-Month Delay in Recording Satisfaction

High Court sets aside Section 148A(d) order for non-application of mind as AO ignored invoices, confirmations and bank statements proving genuine purchases.

Explore Our Blogs

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

No TDS u/s 194H Applicable on bank guarantee charges: ITAT

ITAT allows Section 54 Exemption for Construction Purposes, Despite Non-Deposit Under CGDS

Income Tax Refund 2025: How to Check Status, Causes of Delay, and When You’ll Get Your Refund

Ledgers Not Enough: ITAT Sends Unexplained Investment Case Back for Fresh Verification

Gujarat High Court Quashes 153C Notices Issued After 22-Month Delay in Recording Satisfaction

Gujarat High Court Sets Aside Section 148A(d) Order Passed Without Considering Assessee’s Evidence