Judgement

The ITAT Delhi ruled that the arm's length guarantee commission should be restricted to 0.5% instead of 1.3% adopted by the Transfer Pricing Officer.

ITAT holds Corporate Guarantee Given to Overseas Subsidiary Requires TP Benchmarking, but Guarantee Commission Cannot Exceed 0.5%

Notifications

The Central Government has granted an income tax exemption to the Kerala Headload Workers Welfare Board for tax years 2026-27 to 2028-29, subject to compliance with the prescribed conditions under the Income Tax Act, 2025.

Kerala Headload Workers Welfare Board Granted Income Tax Exemption for Three Tax Years

ITAT deletes Rs. 18.04 lakh penalty under Section 270A, holding that a voluntarily corrected bona fide tax-filing error did not warrant penalty.

ITAT Deletes Rs. 18.04 Lakh Penalty Under Section 270A for Bona Fide Tax-Filing Error

Articles

Don't rely on an ITR deadline extension. File early to avoid errors, penalties, and refund delays.

ITR Filing: Why You Shouldn't Rely on a July 31 Deadline Extension

The ITAT Ahmedabad rules that mere payment through banking channels or production of donation receipts does not conclusively establish the genuineness of a donation. 

ITAT Rules That Mere Banking Channel Payment and Donation Receipt Cannot Establish Genuineness

News

More than 3 crore ITRs have been filed ahead of the July 31 deadline- here’s what taxpayers need to know about late fees, interest, refunds and key filing rules.

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ITAT holds Corporate Guarantee Given to Overseas Subsidiary Requires TP Benchmarking, but Guarantee Commission Cannot Exceed 0.5%

Kerala Headload Workers Welfare Board Granted Income Tax Exemption for Three Tax Years

ITAT Deletes Rs. 18.04 Lakh Penalty Under Section 270A for Bona Fide Tax-Filing Error

ITR Filing: Why You Shouldn't Rely on a July 31 Deadline Extension

ITAT Rules That Mere Banking Channel Payment and Donation Receipt Cannot Establish Genuineness

Over 3 Crore ITRs Filed Ahead of July 31 Deadline: Key Things Taxpayers Must Know