Production of directors not mandatory to prove genuineness of transaction; Deletes commission addition: ITAT Delhi
Production of directors not mandatory to prove genuineness of transaction; Deletes commission addition: ITAT Delhi B & B Sharecom…
Month: September 2025
Reassessment Void Ab Initio for Lack of Statutory Sanction: ITAT Mumbai Allows Saif Ali Khan’s Appeal
Reassessment Void Ab Initio for Lack of Statutory Sanction: ITAT Mumbai Allows Saif Ali Khan’s Appeal Saif Ali Mansoor…
Section 12AB Renewal: A 10-Year Relief for Small Trusts, or Still a 5-Year Puzzle?
Section 12AB Renewal: A 10-Year Relief for Small Trusts, or Still a 5-Year Puzzle? For decades, charitable and religious…
Whether due date for audit is extended for charitable trust also or not?
Whether due date for audit is extended for charitable trust also or not? CBDT has recently extended the due…
Reserved Justice: Why ITAT Cannot Afford to Delay Orders Beyond 90 Days
Reserved Justice: Why ITAT Cannot Afford to Delay Orders Beyond 90 Days In the world of taxation, deadlines are…
An Extension without Empathy: Collect Taxes Like a Bee, Not a Wasp
An Extension without Empathy: Collect Taxes Like a Bee, Not a Wasp The CBDT has extended the tax audit…
Dear Trustees, Dont forget to renew your registration under Section 12AB: The Silent Compliance That Could Cost Trusts Their Exemption
Dear Trustees, Dont forget to renew your registration under Section 12AB: The Silent Compliance That Could Cost Trusts Their Exemption…
ITAT Nagpur allows 80P Deduction on Interest received by co-operative societies from Nationalised Bank
ITAT Nagpur allows 80P Deduction on Interest received by co-operative societies from Nationalised Bank In a significant relief to…
Key Income Tax Deductions & Exemptions Available in Both Old and New Regimes
Key Income Tax Deductions & Exemptions Available in Both Old and New Regimes The new tax regime (Sec. 115BAC)…
Extension with Arrogance: CBDT’s Gift Wrapped in Insult
Extension with Arrogance: CBDT’s Gift Wrapped in Insult The Central Board of Direct Taxes (CBDT) has once again played…
CBDT’s Extension Drama: Shameless in Denial, Painless in Governance
CBDT’s Extension Drama: Shameless in Denial, Painless in Governance When the entire tax fraternity was crying hoarse about portal…
CBDT Extends Audit Date, and also its Ego. A story of Extension without Respect
CBDT Extends Audit Date, and also its Ego. A story of Extension without Respect CBDT Extends Audit Date, Not…
CBDT Extends Specified Date for filing of Various Reports of Audit for the Assessment Year 2025-26
CBDT Extends Specified Date for filing of Various Reports of Audit for the Assessment Year 2025-26 G1r1rEFXgAAolgs
Rajasthan High court stringent observations against CBDT on Glitches on Income tax portal.
Rajasthan High court stringent observations against CBDT on Glitches on Income tax portal. HC Court said as under: 1)…
Interesting petition filed in Gujarat High Court by Chartered Accountants Association, Surat for seeking tax audit extension & issuance of utilities on 01st April every year….
Interesting petition filed in Gujarat High Court by Chartered Accountants Association, Surat for seeking tax audit extension & issuance of…
CBDT waives interest on Late payment of Tax Demand due to Income Tax Rebate claim on special Rate Income
CBDT waives interest on Late payment of Tax Demand due to Income Tax Rebate claim on special Rate Income …
Provisions Under various Black Money Laws in India
Provisions Under various Black Money Laws in India A. Income Tax Act, 1961 (Domestic Undisclosed Income) The IT Act has…
Writ Petition in Delhi High Court filed by AIFTP for seeking extension of due dates for tax audits, returns & trust registration applications !
Writ Petition in Delhi High Court filed by AIFTP for seeking extension of due dates for tax audits, returns &…
