Articles

Even though the refunds are being issued faster than in previous years, there are still several factors that can slow the refund process.

Income Tax Refund Not Received? Know Reasons and Solution

Judgement

High Court quashes reassessment order and notice under Sections 148A(d) and 148 for AY 2015–16 as barred by limitation under Section 149 of the Income Tax Act.

High Court Quashes Reassessment Notice and Section 148A(d) Order as Time-Barred

Notifications

The Government has notified an income tax exemption to the Chennai Metropolitan Water Supply and Sewerage Board under Section 10(46A) of the Income Tax Act.

CBDT gives Income Tax Exemption to Chennai Metropolitan Water Supply and Sewerage Board

Bench directs that settlement applications filed on 22.03.2021 be treated as “pending” and processed by the Interim Board; reads down retrospective effect of Section 245C(5) so as not to extinguish filings up to 31.03.2021.

HC Rules Income-Tax Settlement Applications Filed Before 31 March 2021 Remain Valid Despite Retrospective Amendment

The Income Tax Department launches nationwide drive to penalize entities for failing to report high-value financial transactions for FY 2023-25.

Income Tax Department Uses AI to Track Unreported Financial Transactions

The Central Government has granted income tax exemption to the Rajasthan State Seed and Organic Certification Agency under Section 10(46A) of the Income Tax Act, effective from Assessment Year 2024–25.

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Income Tax Refund Not Received? Know Reasons and Solution

High Court Quashes Reassessment Notice and Section 148A(d) Order as Time-Barred

CBDT gives Income Tax Exemption to Chennai Metropolitan Water Supply and Sewerage Board

HC Rules Income-Tax Settlement Applications Filed Before 31 March 2021 Remain Valid Despite Retrospective Amendment

Income Tax Department Uses AI to Track Unreported Financial Transactions

Income Tax Exemption given to Rajasthan State Seed and Organic Certification Agency