Late Filing of Form 10-IE Cannot Deny New Tax Regime Benefit: Hyderabad ITAT Delivers Landmark Relief Under Section 115BAC     Procedural Delay Cannot Defeat Substantive Tax Benefits – A Principle That May Influence Several Other Tax Disputes One of the biggest challenges faced by taxpayers under the New Tax Regime has been the strict compliance requirements…

Can You Claim Section 80P Deduction During Assessment Even If It Was Not Claimed in the Original ITR? ITAT Pune Says Yes     Important Relief for Cooperative Societies: Section 80P Claim Can Be Raised During Assessment Proceedings for Pre-AY 2018-19 Cases One of the most frequently litigated issues involving cooperative societies is whether a deduction under Section…

Procedural Lapse Cannot Defeat Substantive Tax Benefit: Telangana High Court Restores Section 115BAA Benefit Despite Delay in Filing Form 10-IC   A Landmark Judgment on “Genuine Hardship”, Condonation of Delay under Section 119(2)(b), and Liberal Interpretation of Beneficial Tax Provisions In tax administration, one of the most debated questions is whether a taxpayer should lose…

ITR Filed? Don’t Relax Yet! What Every Taxpayer Should Do After Filing the Return     For millions of taxpayers, clicking the “Submit Return” button feels like crossing the finish line. In reality, it is only the end of the first lap. Filing the Income-tax Return fulfils one important responsibility, but it also marks the…

Section 263 Cannot Override Section 153A for Unabated Years Without Incriminating Material: Bombay High Court Reaffirms Abhisar Buildwell Principle   PCIT v. Surendra L. Hiranandani (Bombay High Court, 2026) – A Landmark Decision on Section 263, Section 153A & Search Assessments Search and seizure assessments under Section 153A of the Income-tax Act have always been one of…