• Income Tax

Deductions u/s 80G for donations out of CRS funds allowable – ITAT

5 months ago

Assessee eligible for deductions u/s 80G for donations out of CRS funds, if condition of sections 80G are satisfied -…

  • Income Tax

CPC was not authorised to disallow deduction u/s 80P vide adjustment u/s 143(1)(a)

5 months ago

CPC was not authorised to disallow deduction u/s 80P u/s 143(1)(a) for violation of Section 80AC of the Act -…

  • Income Tax

Conversion of grapes into raisins held as agricultural activity

5 months ago

Conversion of grapes into raisins using traditional ways held as agricultural activity In a recent judgment, ITAT Bangalore has held…

  • Income Tax

An incorrect claim allowed in later year no reason for non-disallowance in current year

5 months ago

Allowance of an incorrect claim in a later year cannot be used to justify the non-disallowance in an earlier year…

  • Income Tax

Use of words, “either and or” in reasons to believe shows non application of mind

5 months ago

Use of words, “either and or” in recording reasons to believe shows Ao was unsure of the facts and initiated…

  • Income Tax

Income Tax Act 2025 received assent of the President and notified in official Gazette

5 months ago

The Income Tax Act 2025 received the assent of the President on the 21st August, 2025 and has been notified…

  • Income Tax

Accumulation of income u/s 11(2) – Utilization of current expenditure first not necessary

5 months ago

Section 11(2) related to accumulation of income not require that it can be utilized only after expenditure of relevant assessment…

  • Income Tax

All Excel Utilities ITR-1 to ITR-7 for AY 2025-26 made available at Income tax e-filing Portal

5 months ago

All Excel Utilities of ITR-1 to ITR-7 for AY 2025-26 made available at Income tax e-filing Portal. Income Tax Department…

  • Income Tax

Income tax on gross winnings from online games upheld prior to AY 2024-25

5 months ago

Income tax on gross winnings from online games without setting off loss upheld as section 115BBJ is prospective. In a…

  • Due Date Extension
  • GST

Extension of due date of GSTR-3B return for Mumbai/other districts in Maharashtra

5 months ago

Extension of the due date for furnishing Form GSTR-3B return for Mumbai and other districts of Maharashtra. CBIC in view…