Articles

The Income Tax Department is doing a detailed analysis of the fake deductions claimed in some cases, which may delay the release of refunds.

Income Tax Department Checking for Fake Claims, Refunds to be Issued by December: CBDT Chairman

Notifications

The Central Government authorises all branches of nineteen banks (except for rural branches) to receive deposits and maintain accounts under the Capital Gains Account Scheme, 1988.

Income Tax Breaking: FM approves 19 More Banks for giving Benefit of Capital Gains Account Scheme

Judgement

The court pointed out that the petitioner is eligible to claim the refund, as a similar issue has been ruled in favour of petitioners in the decisions of the Delhi HC, Madhya Pradesh HC, and Punjab & Haryana HC.

Disabled Army Officer Entitled to Income Tax Refund on Disability Pension With 9% Interest: HC

HC rules SBI was justified in not deducting TDS on LTC payments due to a binding Madras HC interim order; Section 201 proceedings set aside

Kerala High Court Holds SBI Not Assessee-in-Default for Non-TDS on LTC Paid Under Madras HC's Interim Order

The tribunal highlighted that in cases where the additions are made on the basis of third-party data like AIR, the assessee must be given the relevant information to respond properly.

No Assessment on basis of AIR database without giving primary information to Assessee: ITAT

The Gujarat High Court cancels Rs. 3.17 crore penalty, holding that a wrong or debatable tax claim is not “concealment” under Section 271(1)(c).

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Income Tax Department Checking for Fake Claims, Refunds to be Issued by December: CBDT Chairman

Income Tax Breaking: FM approves 19 More Banks for giving Benefit of Capital Gains Account Scheme

Disabled Army Officer Entitled to Income Tax Refund on Disability Pension With 9% Interest: HC

Kerala High Court Holds SBI Not Assessee-in-Default for Non-TDS on LTC Paid Under Madras HC's Interim Order

No Assessment on basis of AIR database without giving primary information to Assessee: ITAT

Gujarat High Court Quashes Rs. 3.17 Crore Penalty; Says Wrong Claim Is Not Concealment