Judgement

ITAT Mumbai held that TUV SUD's audit and certification service income is not taxable as FTS and dismissed the Revenue's appeal.

ITAT: German Company’s Audit Service Income Not Taxable as FTS in India

The ITAT Kolkata has deleted additions of Rs 1,38,49,077 towards delayed deposit of PF and ESI and Rs 23,29,89,737 towards contingent liability.


ITAT Holds Debatable PF/ESI Issue Cannot Be Adjusted Under Section 143(1)

Sapphire Foods India has received a INR 1.40 Million GST show-cause notice over alleged incorrect ITC availment and utilisation, which the company disputes.

Sapphire Foods India Receives INR 1.40 Million GST Show-Cause Notice Over Alleged Incorrect ITC Availment and Utilisation

ITAT upheld the PCIT’s Section 263 revision order for the AO’s failure to properly verify suspected bogus purchases and red-flagged suppliers.

ITAT Upholds PCIT's Section 263 Revision Over AO's Incomplete Inquiry into Bogus Purchases

The ITAT Kolkata holds Stamp Value cannot be substituted for actual property consideration without referring matter to DVO.

ITAT Restricts Section 56(2)(x) Addition to Rs 13.23 Lakh After DVO Values Property at Rs 1.74 Crore

Vigilance raids on a GST Joint Commissioner’s premises in Kochi lead to the seizure of Rs 14.10 lakh in unaccounted cash and $788 amid a disproportionate assets probe.

Vigilance Raids GST Joint Commissioner’s Premises, Seizes Rs 14.10 Lakh Unaccounted Cash

CBI has arrested two accused in a Rs 11.42 crore digital arrest case in Gujarat and searched 22 premises across 10 states under Operation Chakra VI.

CBI Arrests Two in Rs 11.42 Crore Cyber Fraud Network, Raids 22 Premises in 10 States under Operation Chakra VI

The ITAT Bangalore has allowed tax exemption on BSNL VRS retrenchment compensation and eligible leave encashment, granting major relief to retired employees.

 ITAT Rules BSNL VRS Compensation Exempt from Tax Under Section 10(10B), Grants Leave Encashment Relief

The Central Government has granted an income tax exemption to the Kerala Headload Workers Welfare Board for tax years 2026-27 to 2028-29, subject to compliance with the prescribed conditions under the Income Tax Act, 2025.

Kerala Headload Workers Welfare Board Granted Income Tax Exemption for Three Tax Years

Don't rely on an ITR deadline extension. File early to avoid errors, penalties, and refund delays.

ITR Filing: Why You Shouldn't Rely on a July 31 Deadline Extension

The Income Tax Department has uncovered a Rs 65.5 crore fake tax refund scam involving bogus deduction claims under Section 80GGC. 

Meerut Accountant Accused in Rs 65.5 Crore Income Tax Refund Scam

A professional's viral post about paying nearly Rs 1 crore in taxes but receiving no support after being laid off has reignited the debate on social security and taxpayer benefits in India.

Professional’s Viral Post on Rs 1 Crore Tax Sparks Debate on India’s Social Security

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

The ITAT Delhi directed CIT(A) to provide three effective opportunities before deciding depreciation claim.

ITAT Remits Bogus Depreciation Disallowance for Fresh Adjudication 

ITAT remands taxpayer’s Rs 4.90 crore depreciation dispute to CIT(A) for fresh adjudication, citing natural justice concerns and need for further opportunity.

ITAT Remands Rs 4.90 Crore Depreciation Dispute to CIT(A), Cites Natural Justice Concerns and Need for Further Opportunity

ITAT held that two bungalows constructed and used as one residential unit could qualify for deduction under Section 54F of the Income Tax Act.

ITAT: German Company’s Audit Service Income Not Taxable as FTS in India:

ITAT: German Company’s Audit Service Income Not Taxable as FTS in India

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