80G Registration Denied Due to “Religious Objects”? ITAT Clarifies the Law Every Trust Must Know   One of the most common-and frustrating-reasons for rejection of Section 80G registration today is this: “Your trust deed contains religious objects, hence 80G cannot be granted.” This approach is not only widespread-it is also legally incorrect. A recent ITAT ruling…

Penalty u/s 271(1)(c) Cannot Be Levied for Mere Disallowance: ITAT Rajkot Clarifies the Law | Key Ruling in Pardes Dehydration Co HUF vs ITO   Penalty notices under Section 271(1)(c) are often issued almost mechanically whenever an addition or disallowance is made in assessment. But a recent ITAT Rajkot ruling has once again reaffirmed a…

Old vs New Tax Regime (AY 2026-27): What You Actually Lose-and What You Still Keep   Every tax season, one confusion refuses to go away: “New tax regime means no deductions at all.” That’s not entirely correct-but it’s not completely wrong either. The truth lies somewhere in between. The new regime removes most deductions, but…

2913 Days Delay Condoned: Telangana High Court Puts Natural Justice Above Technicalities   In a remarkable ruling that underscores the primacy of fairness in tax litigation, the Telangana High Court condoned an extraordinary delay of 2913 days (nearly 8 years) in filing an appeal before the ITAT. The decision in ITTA No. 21 of 2026 sends a…

Section 69A: ITAT Endorses a Balanced, Evidence-Based Approach over Blanket Additions   Shrenik Manish Mehta vs ITO ITA No.: 7324/Mum/2025 Facts: 1.  The assessee, an individual, filed return declaring income of ₹6.30 lakh. Case was selected for scrutiny due to large cash payments towards credit card dues. 2.  Total credit card payment: ₹27.65 lakh, out…