Conversion of grapes into raisins using traditional ways held as agricultural activity In a recent judgment, ITAT Bangalore has held that conversion of grapes into raisins by traditional ways is an agricultural activity. ABCAUS Case Law Citation:4711 (2025) (08) abcaus.in ITAT In the instant case, the assessee had …

Allowance of an incorrect claim in a later year cannot be used to justify the non-disallowance in an earlier year – ITAT In a recent judgment ITAT Ahmedabad has held that the allowance of an incorrect claim in a later year cannot be used to justify the non-disallowance …

Use of words, “either and or” in recording reasons to believe shows Ao was unsure of the facts and initiated proceedings in mechanical manner – ITAT In a recent judgment, ITAT Ahmedabad held that use of words, “either and or” in reasons to believe reveals that the Assessing …

The Income Tax Act 2025 received the assent of the President on the 21st August, 2025 and has been notified in the official Gazette The Income Tax Act 2025 contains 536 sections, organized into 23 chapters, with 16 schedules. It was stated by the Finance Minister that the …

Section 11(2) related to accumulation of income not require that it can be utilized only after expenditure of relevant assessment are applied. In a recent judgment, ITAT Lucknow has held that Section 11(2) related to accumulation of income by charitable institutions does not provide that expenditure of relevant …

All Excel Utilities of ITR-1 to ITR-7 for AY 2025-26 made available at Income tax e-filing Portal. Income Tax Department has finally released all Excel Utilities of Income Tax Returns from ITR-1 to ITR-7 for AY 2025-26. These excel based utilities to prepare ITRs are available for download …