Judgement

ITAT quashes reassessment as AO cited Section 147(C); approval held mechanical

ITAT Quashes Reassessment for citing Invalid Section Reference by AO

ITAT cancelled the penalty because the assessing officer did not specify the limb in his penalty show cause notices issued to the assessee.

Income Tax: ITAT Set Asides Penalty of 40.94 Cr for Vague Show Cause Notice

Articles

The Ministry of Finance is expected to amend the Income Tax Bill 2025 to restore Section 80M benefits for 22% tax regime companies.

Income Tax Bill 2025: FinMin may restore dividend deductions for 22% corporate tax regime

The Income Tax Department has not issued bulk scrutiny notices to small taxpayers. The rumor was being spread about the said notice on social media platforms.

Income Tax Dept Breaks Silence: No Mass Scrutiny for Small Taxpayers

As per experts, the delay in releasing ITR-2 and ITR-3 utilities is because of the recent update of the capital gains tax rules.

ITR Filing 2025: What is Causing Delay in Releasing ITR-2 and ITR-3? What Should Taxpayers Do?

ITR Filing 2025: What is Causing Delay in Releasing ITR-2 and ITR-3? What Should Taxpayer Do?

Explore key income tax changes effective from July 1, 2025, including PAN-Aadhaar rules, new ITR deadlines, updated forms, and revised tax slabs.

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ITAT Quashes Reassessment for citing Invalid Section Reference by AO

Income Tax: ITAT Set Asides Penalty of 40.94 Cr for Vague Show Cause Notice

Income Tax Bill 2025: FinMin may restore dividend deductions for 22% corporate tax regime

Income Tax Dept Breaks Silence: No Mass Scrutiny for Small Taxpayers

ITR Filing 2025: What is Causing Delay in Releasing ITR-2 and ITR-3? What Should Taxpayer Do?

ITR Filing: Major Income Tax Changes to Take Effect From July 1