Judgement

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

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 Delhi held deduction cannot be denied solely for delayed submission when the form was available before processing of return.


ITAT Allows Section 80JJAA Deduction Despite Belated Form 10DA Filing

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

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

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) for Fresh Adjudication, Citing 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 Allows Section 54F Deduction for Two Bungalows Clubbed as Single Residential Unit

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 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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