Income Tax

Recent Posts

• New Income Tax Act 2025: Fewer Forms, Smarter TDS & Simpler Compliance (Part-3)
• Section 263 Revision Cannot Be Based on “Deeper Inquiry” | ITAT Draws Clear Line between No Inquiry and Inadequate Inquiry
• TDS Credit Cannot Be Denied Due to 26AS Mismatch Under Section 143(1) | ITAT Delhi Declares Such Adjustments Illegal
• If the investment is yours, the exemption is yours—even if the property is registered in someone else’s name: Section 54F exemption allowed even if Property Registered in others name
• Search Assessment u/s 153A Fails Without Fresh Incriminating Material | ITAT Strikes Down Additions Based on ED Evidence & Mechanical Approval u/s 153D
• Incentives under the Package Scheme of Incentives in Maharashtra is taxable under the Income Tax Act
• BSNL Ex-Gratia Scheme: ITAT Allows Full Exemption Despite 1400+ Days Delay – Big Relief for Taxpayers
• Ignoring binding precedent is not judicial independence-it is a mistake. ITAT can entertain Miscellaneous Application (MA) make rectification under Section 254(2)
• Mechanical Approval u/s 151 & Wrong Jurisdiction: Reassessment Held Invalid by ITAT Delhi
• Reassessment Cannot Become a Fishing Expedition: No Addition on Recorded Reason, No Valid Reopening