Articles

Missed your ITR filing deadline? Learn the penalties, late fees, interest, loss of tax benefits, and the options still available under the Income Tax Act for AY 2026-27.

Missed Your ITR Due Date? Here's What Happens Next

ITAT sets aside the NFAC order and grants the assessee a fresh opportunity to substantiate claims relating to alleged suppressed sales and commission expenses.

ITAT Allows Fresh Opportunity in Dispute Over Suppressed Sales and Commission Expenses

ITAT held that fresh applications for registration under Sections 12AB and 80G must be independently examined and cannot be rejected solely because an earlier application was denied.

Earlier Rejection Cannot Be Sole Ground to Reject Fresh Section 12AB and 80G Registration Applications, Says ITAT

Delhi ITAT deletes Rs 2.13 crore Section 68 addition after finding that the loan transactions were supported by sufficient evidence and routed through banking channels.

ITAT Deletes Rs 2.13 Crore Addition Under Section 68, Grants Major Tax Relief

The ITAT held that cash deposited during demonetisation was part of the assessee's business turnover and directed the AO to estimate income at a 6% net profit rate.

Cash Deposited During Demonetisation Cannot Be Taxed Under Section 69A if Linked to Business, Holds ITAT 

The Tribunal dismissed the Revenue's appeal after ruling that the quashing of the substantive assessment left no basis for the protective addition.

ITAT: Protective Addition Cannot Survive After Substantive Assessment Is Quashed

The ITAT Delhi has held that a reassessment completed without issuing the mandatory notice under Section 143(2) is void in law. 

ITAT Rules That Reassessment Proceedings Invalid Without Mandatory Notice under Section 143(2)

Learn how preliminary expenses are taxed under Section 35D of the Income Tax Act, including eligibility, deduction limits, and compliance requirements.

Taxation of Preliminary Expenses Under the Income Tax Act: Complete Guide to Section 35D

Learn the key capital gains tax exemptions available under the Income Tax Act to legally reduce your tax liability on the sale of property and other long-term capital assets.

Selling a Property or Asset? Know These Capital Gains Tax Exemptions

Learn how Joint Development Agreements (JDA) are taxed under the Income Tax Act, including capital gains computation, Section 45(5A), and TDS under Section 194-IC.

Taxation of Joint Development Agreements (JDA): Everything Landowners Need to Know

Received a Section 139(9) notice after filing your ITR? Understand why it was issued, how to fix the defect, and how to avoid your return being treated as invalid.

Section 139(9) Defective Return Notice: Complete Guide to Fixing Your ITR

A practical guide to claiming depreciation on business assets under Section 32 of the Income Tax Act, 1961.

Section 32 of the Income Tax Act, 1961: Depreciation on Business Assets

Income Tax

Finance

ICAI

Judgement

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

The ITAT has remanded the Rs 38.98 crore unexplained cash deposit dispute to the AO for fresh verification of the bank transactions.

ITAT Remands Rs 38.98 Crore Unexplained Cash Deposit Dispute to AO for Fresh Verification

The ITAT held that renewal of provisional registration under Sections 12AB and 80G cannot be denied before a trust completes its proposed charitable project and its activities are verified.

Trust’s Sections 12AB and 80G Registration Cannot Be Denied Before Charitable Project Is Completed, Holds ITAT

The ITAT deleted Section 68 addition, holding that unsecured loan amounts directly paid to the Haryana Mining Department through banking channels do not require examination of identity or creditworthiness.

Missed Your ITR Due Date? Here's What Happens Next:

Missed Your ITR Due Date? Here's What Happens Next

Also Read

About Author

Khush Trivedi

Content writer

My Recent Articles

Tags

StudyCafe Membership

Tags

StudyCafe Membership