Judiciary

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 CBIC has issued a circular establishing a standardized procedure for departmental appeals before GSTAT in DGGI Cases 

 CBIC Issues Guidelines for Departmental Appeals to GSTAT in Common Adjudicating Authority Cases

The ITAT held that a technical mistake in mentioning the correct provision cannot be a reason to deny Section 12AB registration and directed the CIT(E) to reconsider the application.

Technical Mistake In Mentioning Correct Provision Cannot Be A Reason To Deny Section 12AB Registration, Holds ITAT

The ITAT Patna directs CIT(A) to reconsider penalty after observing that procedural lapse should not override substantive compliance. 

ITAT Rules Non-Filing of Form 68 Alone Cannot Defeat Immunity Claim

The ITAT Delhi condones a 950-day delay caused by internal partner disputes and restores the tax appeal for fresh adjudication on merits.

950-Day Delay Condoned: ITAT Directs Fresh Merits-Based Adjudication

The ITAT Delhi ruled that the arm's length guarantee commission should be restricted to 0.5% instead of 1.3% adopted by the Transfer Pricing Officer.

ITAT holds Corporate Guarantee Given to Overseas Subsidiary Requires TP Benchmarking, but Guarantee Commission Cannot Exceed 0.5%

ITAT Kolkata quashes reassessment for AY 2012-13, holding that failure to issue the mandatory Section 143(2) notice rendered the assessment legally invalid.

ITAT Quashes Reassessment for Failure to Issue Mandatory Section 143(2) Notice

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

ITAT held that an order passed against a deceased taxpayer is invalid and directed a fresh hearing after notifying the legal heir.

ITAT Sets Aside CIT(A) Order Passed After Taxpayer's Death

Income Tax

Finance

ICAI

Judgement

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

The ITAT Delhi holds that reassessment under Sections 147 or 148 cannot survive beyond three years if the income to have escaped assessment is below the statutory limit. 

ITAT Rules Reassessment Notices Where Escaped Income Ultimately Fell Below Rs 50 Lakh Threshold as Unsustainable

The CBIC has constituted a Working Group to examine the feasibility of introducing a centralised administration system for taxpayers having multiple GST registrations. 

 CBIC Constitutes Working Group to Examine Centralised Administration of Taxpayers with Multiple GST Registrations

With no official extension announced yet, experts urge taxpayers to file their ITRs by July 31 instead of waiting for rumours or last-minute updates.

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

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

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