Notifications

CBDT notifies CBSE as tax exempt under Section 10 (46) of the Income-tax Act 1961, effective from September 2, for specified income sources, subject to certain conditions.

CBDT Grants Tax Exemption to CBSE Under Section 10(46) of Income Tax Act

Judgement

SC rules prosecution unsustainable where Settlement Commission findings are conclusive and departmental circulars ignored

SC Quashes Prosecution Under Section 276C(1) After Settlement Commission’s Conclusive Findings

ITAT quashes CPC intimation u/s 143(1) restricting exemption on leave encashment, holding it invalid for want of mandatory prior notice.

ITAT Quashes CPC Adjustment Made Without Mandatory Notice u/s 143(1)(a)

ITAT sustains addition of Rs. 14,49,085 as unexplained cash credit from Safal Herbs Ltd transactions and dismisses assessee’s appeal.

ITAT Dismisses Appeal Against Addition of ₹14.49 Lakh on Share Transactions with Safal Herbs Ltd

ITAT Dismisses Appeal Against Addition of Rs. 14.49 Lakh on Share Transactions with Safal Herbs Ltd.

ITAT affirms deletion of Rs.  8,89,36,000 u/s 69C; cash withdrawals used to pay farmers for bulls were explained with books and vouchers; AO accepted sales but failed to verify purchases.

ITAT Upholds Deletion of Rs. 8,89,36,000 Addition u/s 69C on Cash Withdrawals

The Central Board of Direct Taxes (CBDT) notifies amendments to Rule 2DCA extending investment timelines under Section 10(23FE)

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CBDT Grants Tax Exemption to CBSE Under Section 10(46) of Income Tax Act

SC Quashes Prosecution Under Section 276C(1) After Settlement Commission’s Conclusive Findings

ITAT Quashes CPC Adjustment Made Without Mandatory Notice u/s 143(1)(a)

ITAT Dismisses Appeal Against Addition of Rs. 14.49 Lakh on Share Transactions with Safal Herbs Ltd.

ITAT Upholds Deletion of Rs. 8,89,36,000 Addition u/s 69C on Cash Withdrawals

CBDT Extends Investment Timeline for Sovereign and Pension Funds under Rule 2DCA till 2031-32