7 additional information and details required in ITR-1 and ITR-4 for A.Y. 2025–26, especially for taxpayers in the Old Regime:

Once the source of cash is accepted and taxed under Section 269SS, second addition under Section 69A on the same amount is impermissible and amounted to double taxation.

Purchase price of alleged penny stock cannot be disputed in year of sale of such stock.

There is no requirement to file the books of account and vouchers if assessee has income u/s 44AD

Purchasers cannot be left at the mercy of the seller as they can also not compel the selling dealer to file the return within stipulated time and deposit the tax Collected.

Notice under Section 148 Issued by Jurisdictional AO Instead of Following Faceless Assessment Scheme: ITAT Quashed the proceeding

Claim Based on Prevailing HC Ruling Not Inaccurate: ITAT Quashes Penalty Under Section 271(1)(c)

Purchaser Cannot Be Penalized for Seller’s Default in GST Deposit

Claim Your TDS Credit Even After ITR Filing Deadline

Reassessment quashed as no addition is made on the basis of the reason recorded for reopening

Delhi High Court clarification on Cross-Charging & IGST on Inter-Unit Services

Order u/s 119(2)(a) of the Income-tax Act,1961 regarding processing of returns filed u/s 139 of the Income-tax Act, 1961 beyond the prescribed time limit

No penalty under Section 272A(1)(d) when Assessment Completed u/s 143(3)

No Justification for exercising revisionary power under Section 263 based on mere Opinion Divergence

Multiple Floors in a Single Building Constitute One Residential House Under Section 54F: Delhi HC

ITR Forms for AY 2025–26: What’s New!

No re-assessment proceedings beyond 3 years if the escaped income exceeds ₹50 lakh is not represented in the form of an asset

Capital Gain exemption under section 54F: Income Tax Act speaks of ‘one residential house,’ not ‘one residential unit.