Articles

HRA or House Rent Allowance that is provided to employees by their employer, has now some new updates in its rules for the AY 2025-26.

HRA Exemption: New ITR Rules for Claiming HRA from AY 2025-26

Judgement

ITAT holds that TDS credit supported by physical certificates cannot be allowed automatically without verification by the Assessing Officer.

TDS Credit Cannot be Allowed Automatically on Basis of Physical Certificates without Verification: ITAT

ITAT upheld addition u/s 69A against Senior Citizen who was found with Rs. 95.89 Lakh Cash during Train Journey

95.89 Lakh Cash seizure during Train Journey from Senior Citizen: ITAT uphold addition u/s 69A

News

The I-T Department is closely monitoring HNIs using advanced tools like 360-degree profiling to detect tax mismatches based on spending and foreign remittances.

HNI Taxpayers not reporting Income and Filing ITR Properly

Orders

ITAT deletes penalty under Section 271(1)(c) as no concealment found in belated capital gains deduction claim u/s 54EC and 54F.

ITAT Deletes Penalty Proceedings on Claim of Capital Gain Deductions u/s 54EC and 54F in Belated ITR

ITAT ruled that mentioning cultural or spiritual events like Navratri does not make a trust religious, and cannot be the sole ground to deny Section 80G approval.

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HRA Exemption: New ITR Rules for Claiming HRA from AY 2025-26

TDS Credit Cannot be Allowed Automatically on Basis of Physical Certificates without Verification: ITAT

95.89 Lakh Cash seizure during Train Journey from Senior Citizen: ITAT uphold addition u/s 69A

HNI Taxpayers not reporting Income and Filing ITR Properly

ITAT Deletes Penalty Proceedings on Claim of Capital Gain Deductions u/s 54EC and 54F in Belated ITR

Sec 80G Approval: Mere Reference to Religious Events Does Not Make Trust as Substantially Religious in Nature