Judgement

The ITAT, has recently deleted the disallowance made by the assessing officer, holding that the reinvestment payment was made within the deadline of 2 years under section 54F.

Payment Within 2 Years Enough for Section 54F Deduction, Signing Date of Agreement Not Important: ITAT

The Gujarat AAR has ruled that ITC can be claimed on cables, equipment, and installation services used for power transmission infrastructure located outside the factory premises.

Gujarat AAR Allows ITC on Power Transmission Infrastructure Installed Outside Factory Premises

News

The Tax Audit and Income Tax Return (ITR) filing due dates remain unchanged in these cases. Taxpayers and professionals must complete filings within the prescribed deadlines. Read the detailed update here.

Tax Audit and ITR Due date not extended in this case: Know More

HC quashes prosecution under Section 276C(2) after entire self-assessment tax was paid, holding that mere delay without wilful intent cannot constitute evasion.

High Court Quashes Prosecution under Section 276C(2) after Payment of Entire Self-Assessment Tax

Articles

As per the circular, the due date for filing ITR of the audit cases for the financial year 2024-25 is extended.

CBDT Extends Due Date for Filing ITR of Audit Cases Date for FY 2024-25

Multiple approaches in the Honourable High Courts indicate high expectations that the CBDT will soon officially confirm the ITR due date extension for audit cases for FY 2024-25.

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Payment Within 2 Years Enough for Section 54F Deduction, Signing Date of Agreement Not Important: ITAT

Gujarat AAR Allows ITC on Power Transmission Infrastructure Installed Outside Factory Premises

Tax Audit and ITR Due date not extended in this case: Know More

High Court Quashes Prosecution under Section 276C(2) after Payment of Entire Self-Assessment Tax

CBDT Extends Due Date for Filing ITR of Audit Cases Date for FY 2024-25

Big Relief Likely! Multiple HCs Across India Rule in Favour of ITR Due Date Extension