News

The Govt has proposed amendments to the Payment and Settlement Systems Act and the Income-tax Act to simplify digital payment compliance and provide greater flexibility for foreign investment funds.

Govt Proposes Major Amendments to Payment and Settlement Systems Act, 2007, and Income Tax Act, 2025

Judgement

ITAT remanded the capital gains dispute to the CIT(A), holding that the appeal should be decided on merits rather than ex-parte.

ITAT Gives Taxpayer One More Opportunity to Present Evidence, Remands Ex-Parte Appeal to CIT(A)

ITAT held that the Income Tax Department adopted the wrong legal procedure by reopening the assessments under Section 147 instead of proceeding under Section 153C.

ITAT Quashes Section 147 Reassessment Proceedings, Holds Income Tax Dept Must Follow Section 153C After Third-Party Search

The ITAT Delhi holds reassessment invalid where additions were made on different issues than recorded under Section 148A 



ITAT Quashes Reassessment as AO Made Additions on Issues Unrelated to Reasons  Under Section 148A

The ITAT Delhi found that ex parte orders were passed without examining the assessee's plea. 


ITAT Remands Unexplained Money Addition As PAN and Identity Were Fraudulently Misused

ITAT held that SBI cannot be treated as an assessee in default for non-deduction of TDS on foreign LTC reimbursements made in compliance with the Madras High Court's interim order.

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Govt Proposes Major Amendments to Payment and Settlement Systems Act, 2007, and Income Tax Act, 2025

ITAT Gives Taxpayer One More Opportunity to Present Evidence, Remands Ex-Parte Appeal to CIT(A)

ITAT Quashes Section 147 Reassessment Proceedings, Holds Income Tax Dept Must Follow Section 153C After Third-Party Search

ITAT Quashes Reassessment as AO Made Additions on Issues Unrelated to Reasons Under Section 148A

ITAT Remands Unexplained Money Addition As PAN and Identity Were Fraudulently Misused

ITAT Deletes TDS Demand Against SBI on Foreign LTC Reimbursements, Cites Madras High Court Interim Order