Category: Income Tax
CBDT amends scope of exclusions from e-Appeals Scheme 2023 by increasing threshold of disputed demand CBDT amends scope of exclusions from e-Appeals Scheme 2023 by increasing threshold of disputed demand to Rs. 25 lakhs from Rs. 10 lakhs CBDT vide Notification No. 33/2023 dated 29.05.2023 notified e-Appeals Scheme …
Case remanded as assessee belonged to tribe and his income was exempt u/s 10(26) and he did not get opportunity to explain his case. In a recent case, ITAT Guwahati remitted the case to Assessing Officer as the assessee was a resident Tribe of Arunachal and his income …
Loss of jewellery seized and kept in bank custody amounts to loss by Income Tax Authorities and payment of said jewellery has to be made by the Income Tax Authorities. In a recent judgment, Hon’ble High Court has held that the loss of jewellery seized by Income Tax …
CBDT extends due date of filing audit reports for AY 2025-26 from 30.09.2025 to 31.10.2025 CBDT finally bow down to the pressure and demands for extension of due dates for furnishing audit reports from 30.09.2025 to 31.10.2025. The decision of the CBDT to extend due date came after …
CBDT finally extends due date of furnishing any audit reports from 30.09.2025 to 31.10.2025 CBDT finally bow down to the pressure and demands for extension of due dates for furnishing audit reports from 30.09.2025 to 31.10.2025 Earlier Rajasthan High Court had directed CBDT to issue notification to extend …
ITR / Tax Audit due date extension – Would Rajasthan and Karnataka High Court orders force Govt./CBDT to extend the date? or they would challenge them in Supreme Court? Rajasthan High Court directs CBDT to issue notification to extend TAR date to 31.10.2025 and Karnataka High Court has …
Do CAs have a case for demanding extension of Tax Audit and ITR dues date forget about a pen down strike? Like any other occasion, demands are pitched by Chartered Accountants for extension of due dates for filing Tax Audit Report and ITR for AY 2025-26. Even, the …
CBDT waives demand raised up to 31.12.2025 of tax on income chargeable to tax at special rates where new tax regime had been opted. Order under section 119 of the Income-tax Act, 1961 for waiver of interest payable under section 220(2) due to late payment of demand, in …
ITAT to examine AMCs to find out whether TDS is required to be deducted under Section 194C or 194J In a recent judgment, Hon’ble Bombay High Court remanded case for re-examination of the AMCs to find out whether TDS ought to have been deducted under Section 194C or …
Money accumulated by fraud and deception not income from trade and business but is proceeds of crime – High Court In a recent judgment, Hon’ble Delhi High Court has held that money accumulated by fraud and deception can not be said to have been earned by trade and …
