Judgement

The Income Tax Appellate Tribunal(ITAT Kolkata) has ruled out that Interest payment on delayed deposit of income tax or TDS not an allowable expenditure.

Interest payment on delayed deposit of income tax or TDS not an allowable expenditure: ITAT

News

Extension of ITR due date till 31st August requested by CAIT

The Income Tax Appellate Tribunal(ITAT) deletes penalty citing reasonable cause w.r.t. delay in Filing TAR due to death of the Director.

Delay in Filing TAR due to death of the Director: ITAT deletes penalty citing reasonable cause

The ITAT Chennai has held that Penalty provisions u/s 271(1)(c) cannot be applied when quantum addition are made by applying peak credit theory.

Penalty provisions u/s 271(1)(c) cannot be applied when quantum addition are made by applying peak credit theory

It is pointless to wait for an extension of due date for filing ITR for financial year 2022-23. A record number of taxpayers have already filed their returns for AY 2023-24.

Big Announcement of Income Tax Department at last moment; New Update for ITR Filers

Articles

The Deadline of Filing ITR is 3 Days away, i.e. 31st July 2023. While various CA and Tax Association approach and request government to extend deadline of Filing ITR.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Interest payment on delayed deposit of income tax or TDS not an allowable expenditure: ITAT

Extension of ITR due date till 31st August requested by CAIT

Delay in Filing TAR due to death of the Director: ITAT deletes penalty citing reasonable cause

Penalty provisions u/s 271(1)(c) cannot be applied when quantum addition are made by applying peak credit theory

Big Announcement of Income Tax Department at last moment; New Update for ITR Filers

Extension of ITR Filing Due Date: Extend ITR Filing Due date Till 30th Sep 2023 asks ATBA