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CBDT has issued 23 FAQs on transition provisions under Section 536 of the Income-tax Act, 2025  CBDT has issued 23 Frequently asked questions (FAQs) on Transition Provisions under Section 536 of the Income-tax Act, 2025 (Repeals and Savings). The FAQs are as under: A. Summons & Notices Q1. …

Respondent assesse, under Rule 27 not entitled to raise a ground which would work adversely to the appellant Revenue – ITAT In a recent judgment, ITAT Lucknow has held that the respondent assesse, under Rule 27 is not entitled to raise a ground which would work adversely to …

If judicial conscience of a final court of fact is not satisfied about the valid execution of the Will, it raises no substantial question of law – Supreme Court In a recent judgment, Supreme Court has held that when the testator was an illiterate person, the burden was …

SC laid downs guidelines for use of ITRS for assessing annual income of deceased person under Motor Vehicles Act 1988 In a recent judgment, Hon’ble Supreme Court has laid down guidelines for use of ITRS for assessing the annual income of a deceased person under the Motor Vehicles …

CBDT condones delay in filing Form No. 10AB furnished electronically between 01.10.2025 to 31.03.2026. CBDT has condoned the delay in filing Form No. 10AB electronically for approval under clause (ii) of the first proviso to section 80G(5) of the Income-tax Act, 1961 Section 80G of the Income-tax Act, …

Supreme Court expresses serious concerns over AI generated judgments/paragraphs relied upon by the NCLT/NCLAT In a recent judgment, the Hon’ble Supreme Court has expressed serious concerns over judgments relied upon by the NCLT which were non-existent, some AI-generated paragraphs wrongly attributed to genuine citations. ABCAUS Case Law Citation:5177 …

ICAI to take disciplinary action for quoting very low and incommensurate fee by Chartered Accountants As per the announcement made by ICAI, it has decided that wherever the fee quoted by a Chartered Accountant or the CA firm is extremely low and is not commensurate with the size, …

NSDL latest e-TDS TCS RPU Version 6.0 from FY 2007-08 NSDL has revised the e-TDS TCS RPU utility for preparing of TDS/TCS returns. e-TDS/TCS RPU version 6.0 for Statement(s) from FY 2007-08 onwards has been released. Also e-TDS/TCS File validation utility (FVU) versions 2.191 for FY 2007-08 to FY 2009-10 …

Requirement for filing Form 67 for claiming Foreign Tax Credit (FTC) is only directory and not mandatory – ITAT In a recent judgment, ITAT Allahabad has reiterated that requirement for filing Form 67 for claiming Foreign Tax Credit (FTC) is only directory and not mandatory, recourse to provisions …

Limitation for invoking revisional jurisdiction u/s 263 with respect to issues not covered in re-assessment would start from the original Assessment Order – ITAT In a recent judgment, ITAT has held that limitation for PCIT to invoke revisionary jurisdiction u/s 263 of the Income Tax Act, 1961 (the …