Category: Income Tax
CBDT notifies PDF format of ITR-7 for AY 2025-26 CBDT has notified PDF format of ITR-7 for AY 2025-26 applicable for persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) Ministry of FinanceDepartment of RevenueCentral Board of Direct Taxes Notification No. …
CIT(A) gave very short time to the assessee to furnish the details and prima-facie it showed that fair opportunity of hearing was not given to the assessee. In a recent judgment, The ITAT Pune remitted the case for re-consideration observing that that CIT(A) gave very short time to …
CBDT notifies format of ITR-V and Income Tax Return Acknowledgement for AY 2025-26 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 45/2025 New Delhi, the 7th May, 2025 G.S.R. 294(E).— In exercise of the powers conferred by section 139 read with section 295 …
CBDT notifies format of ITR-6 for AY 2025-26. Download PDF Form ITR-6 CBDT has notified format of ITR-6 for AY 2025-26. Download PDF Form ITR-6. The major changes in the ITR-6 for AY 2025-26 as compared to ITR-7 for AY 2024-25 are as under: 1. Schedule Capital Gain …
ITAT restored the application for approval u/s 80G observing that CIT(E) did not discuss the objects and activities carried-out by the trust In a recent judgment, ITAT Hyderabad observing that CIT(E) did not discuss the objects and activities carried-out by the trust which showed that he dismissed the …
CBDT notified ITR-2 PDF Format for AY 2025-26 CBDT has notified ITR-2 PDF Format for AY 2025-26. The major changes made in ITR-2 for AY 2025-26 as compared to ITR-2 for AY 2024-25 are as under: 1. Schedule-Capital Gain split for gains before/ after 23.07.2024 (post changes in …
Benefit of doubt needs to go in favour of assessee when tested on the touchstone of preponderance of probabilities, the explanation offered appears fairly reasonable.  In a recent judgment, ITAT Delhi deleted addition under section 69A and held that benefit of doubt needs to go in favour of …
High Court set-aside order of PCIT u/s 119(2)(b) and condoned the delay in filing the returns due to genuine hardship as contemplated in the Circular. In a recent judgment, Karnataka High Court set-aside the order passed by the PCIT under Section 119(2)(b) and condone the delay in filing …
CBDT notifies format of ITR-5 for Assessment Year 2025-26 CBDT has issued Notification No. 42/2025 dated 02.05.2025 notifying the PDF format of ITR-5 for the AY 2025-26. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 42/2025 New Delhi, the 1st May, 2025 G.S.R 286(E).—In exercise …
Advance given for purchase and subsequently written off in Profit and Loss account as bad debts allowed as business expenditure u/s 37(1) In a recent judgment, ITAT Chandigarh allowed deduction under section 37(1) as business expenditure towards advance written off as irrecoverable bad debts, following the Supreme Court …
