Double Pension, Single Tension: The Tale of Form 26AS Confusion!
Double Pension, Single Tension: The Tale of Form 26AS Confusion! [Query 1] I retired on 31st Jan 2024 and up…
Income Tax
A Win for Real Estate: ITAT, Nagpur Confirms Retrospective Application of 10% Tolerance Band for Sec. 43CA
A Win for Real Estate: ITAT, Nagpur Confirms Retrospective Application of 10% Tolerance Band for Sec. 43CA In a significant case…
ITAT Nagpur on Section 80P: When “Operational Funds” Don’t Become “Other Income”
ITAT Nagpur on Section 80P: When “Operational Funds” Don’t Become “Other Income” Case: Jalsampda Karmchari Sahakari Patsanstha Maryadit vs.…
Judicial Interpretation of Sections 54/54F: Commencement of Construction and the Limits of Extension:
Judicial Interpretation of Sections 54/54F: Commencement of Construction and the Limits of Extension: 1. Section 54 Relief when a residential…
Section 43CA Relief: ITAT, Nagpur aggregates Land Deals, Quashes ₹57.68 Lakh Tax Demand
Section 43CA Relief: ITAT, Nagpur aggregates Land Deals, Quashes ₹57.68 Lakh Tax Demand In a significant case argued by…
Compliance Calender October 2025
Compliance Calender October 2025 7th October – Income Tax TDS 10th October – GST TDS & TCS 11th October…
Production of directors not mandatory to prove genuineness of transaction; Deletes commission addition: ITAT Delhi
Production of directors not mandatory to prove genuineness of transaction; Deletes commission addition: ITAT Delhi B & B Sharecom…
Reassessment Void Ab Initio for Lack of Statutory Sanction: ITAT Mumbai Allows Saif Ali Khan’s Appeal
Reassessment Void Ab Initio for Lack of Statutory Sanction: ITAT Mumbai Allows Saif Ali Khan’s Appeal Saif Ali Mansoor…
Section 12AB Renewal: A 10-Year Relief for Small Trusts, or Still a 5-Year Puzzle?
Section 12AB Renewal: A 10-Year Relief for Small Trusts, or Still a 5-Year Puzzle? For decades, charitable and religious…
Whether due date for audit is extended for charitable trust also or not?
Whether due date for audit is extended for charitable trust also or not? CBDT has recently extended the due…
Reserved Justice: Why ITAT Cannot Afford to Delay Orders Beyond 90 Days
Reserved Justice: Why ITAT Cannot Afford to Delay Orders Beyond 90 Days In the world of taxation, deadlines are…
An Extension without Empathy: Collect Taxes Like a Bee, Not a Wasp
An Extension without Empathy: Collect Taxes Like a Bee, Not a Wasp The CBDT has extended the tax audit…
Dear Trustees, Dont forget to renew your registration under Section 12AB: The Silent Compliance That Could Cost Trusts Their Exemption
Dear Trustees, Dont forget to renew your registration under Section 12AB: The Silent Compliance That Could Cost Trusts Their Exemption…
ITAT Nagpur allows 80P Deduction on Interest received by co-operative societies from Nationalised Bank
ITAT Nagpur allows 80P Deduction on Interest received by co-operative societies from Nationalised Bank In a significant relief to…
Key Income Tax Deductions & Exemptions Available in Both Old and New Regimes
Key Income Tax Deductions & Exemptions Available in Both Old and New Regimes The new tax regime (Sec. 115BAC)…
Extension with Arrogance: CBDT’s Gift Wrapped in Insult
Extension with Arrogance: CBDT’s Gift Wrapped in Insult The Central Board of Direct Taxes (CBDT) has once again played…
CBDT’s Extension Drama: Shameless in Denial, Painless in Governance
CBDT’s Extension Drama: Shameless in Denial, Painless in Governance When the entire tax fraternity was crying hoarse about portal…
CBDT Extends Audit Date, and also its Ego. A story of Extension without Respect
CBDT Extends Audit Date, and also its Ego. A story of Extension without Respect CBDT Extends Audit Date, Not…
