CBDT makes more changes in jurisdiction of Income tax Authorities.
CBDT, in supersession of Notification No.23/2021 has specified 3827 Income Tax Authorities of Assessment Units that shall exercise the powers and functions of Assessing Officers concurrently, to facilitate the conduct of Faceless Assessment proceedings under section 144B of the said Act.
Shagun money received on marriage of individual cannot be considered as income in the year of its receipt - ITAT…
ITAT deleted addition towards cash deposited in bank account observing that there is no statutory requirement to maintain cash book…
RBI has notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026. The Regulation becomes effective from 06.05.2026 A person seeking…
ITAT allows benefit of increased exemption limit of Rs. 25 lakhs for Leave Encashment u/s 10(10AA)(ii) In a recent judgment,…
Relief u/s 89(1) available even when arrears were received in addition to compensation for Voluntary Retirement - ITAT In a…
Husband’s income details can not be disclosed to wife under RTI Act being his personal information – High Court In…