WRONG SECTION QUOTED IN AN APPLICATION? ITAT SAYS SUBSTANTIVE JUSTICE CANNOT BE DENIED FOR A TECHNICAL MISTAKE!     A quasi-judicial authority must decide an application on its merits. Merely mentioning an incorrect statutory provision cannot be a ground for rejecting an otherwise genuine claim for relief. Have you ever filed an application before a…

SECTION 54 EXEMPTION: ITAT REMANDS CASE FOR VERIFICATION OF HOUSE CONSTRUCTION EVIDENCE – A SECOND CHANCE FOR THE TAXPAYER!     Purchase of a plot and construction of a house can support a Section 54 claim, but documentary evidence is crucial. ITAT Indore restores the matter to the Assessing Officer for fresh examination. Claiming exemption…

SECTION 43B: SUPREME COURT QUASHES DISALLOWANCE OF UNPAID EXCISE DUTY BASED SOLELY ON TAX AUDIT REPORT     Can the Income Tax Department disallow unpaid excise duty merely because it appears in the tax audit report? Supreme Court says the existence of a liability and its actual accrual must be examined before invoking Section 43B….

RETIRED FROM BSNL, BUT LEAVE EARNED IN GOVERNMENT SERVICE: ITAT ALLOWS FULL TAX EXEMPTION ON LEAVE ENCASHMENT     Section 10(10AA): Can an employee lose the tax benefit of government service merely because he retires from a PSU? An employee serves the Central Government for several years, earns and accumulates leave during that period, and…

Bombay High Court Opens the Door to Waiving ₹4.72 Lakh Misreporting Penalty: Landmark Ruling on Amended Section 270AA     Case Law: Farah Khurshed Titina v. Income Tax Officer, Ward 22(1)(6), Mumbai Court: Bombay High Court Writ Petition No.: 4002 of 2026 Date of Judgment: 5 October 2026 Introduction: Can a Misreporting Penalty Be Waived?…