The Income Tax Appellate Tribunal (ITAT), Bangalore Bench has delivered a significant ruling in ITA No. 2172/Bang/2024, reinforcing the legal position that newly formed charitable trusts cannot be denied registration merely due to limited commencement of activities. The case of Shri Siwanchi Oswal …
In a noteworthy ruling, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) reaffirmed the importance of the principle of consistency in income tax proceedings while deleting a proportionate disallowance of power and fuel expenses. The decision highlights the judiciary’s continued …
In a significant ruling reported in [2026] 184 taxmann.com 636 (Gujarat), the Gujarat High Court has once again reinforced the legal boundaries governing reassessment proceedings under the Income Tax Act. The Court quashed a reassessment notice issued by the Assessing Officer (AO), holding …
In a significant and compassionate ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has condoned a delay of 153 days in filing an appeal by a senior citizen taxpayer, recognizing her lack of familiarity with tax procedures and digital …
In a significant and taxpayer-friendly ruling, the Income Tax Appellate Tribunal (ITAT), Cuttack Bench, has clarified the legal position regarding delayed deposits of employees’ contributions towards Provident Fund (PF) and Employees’ State Insurance (ESI). The Tribunal held that the amendment …
In a significant ruling, the Income Tax Appellate Tribunal has clarified an important aspect of taxation relating to house property income. The Tribunal held that where a property is held for the purpose of letting but remains vacant throughout the …
India’s direct tax landscape is undergoing a historic transformation with the introduction of the Income Tax Act, 2025, set to take effect from April 1, 2026 (FY 2026–27). Replacing the decades-old Income Tax Act, 1961, the new legislation aims to simplify …
In a significant ruling reinforcing the principles of natural justice, the Income Tax Appellate Tribunal (ITAT), Pune Bench, has reiterated that failure to adjudicate all grounds raised by an assessee constitutes a “mistake apparent from the record,” warranting recall of …
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Chennai Bench, has reiterated that reassessment proceedings initiated beyond three years from the end of the relevant assessment year are legally unsustainable if mandatory approval from the competent authority is …
In a noteworthy decision, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favor of Zee Entertainment Enterprises Ltd., deleting a tax addition of ₹48.97 lakh. The ruling reinforces a fundamental principle of tax jurisprudence—procedural compliance …
The introduction of the Income Tax Act, 2025 marks a significant transformation in India’s taxation framework, particularly in the area of Tax Deducted at Source (TDS). For decades, professionals and businesses have navigated a complex web of multiple TDS provisions under the …
The Calcutta High Court has once again reinforced the foundational principle of natural justice by holding that a final assessment order passed without granting a personal hearing is legally unsustainable—even in cases where a pre–show cause notice (SCN) hearing is …
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has clarified that once a taxpayer opts for presumptive taxation under Section 44AD of the Income Tax Act, no separate addition can be made under Section 43CA of …
The recent decision of the Delhi High Court in MakeMyTrip (India) Pvt. Ltd. v. DCIT serves as a significant reminder of the importance of reasoned decision-making by tax authorities, especially in matters involving applications for lower or nil tax deduction at source …
In a major relief for taxpayers, the Gujarat High Court has ruled that the Commissioner of Income Tax (CIT) cannot reject an application for condonation of delay by citing reasons that are completely outside the scope of that specific application. …
A landmark ruling by the Jammu & Kashmir and Ladakh High Court (March 2026) has provided a crucial lifeline for taxpayers who defaulted on payments under the original Direct Tax Vivad Se Vishwas (DTVSV) Act, 2020. The court clarified that a payment default …
In a significant ruling, the Bombay High Court has clarified that the limitation period for passing an order treating a person as an “assessee in default” under Section 201 of the Income Tax Act, 1961 must be calculated quarter-wise based on the filing …
In a notable ruling, the Income Tax Appellate Tribunal (ITAT), Delhi Bench has quashed reassessment proceedings initiated against former IPL commissioner Lalit Kumar Modi concerning alleged unexplained credit card expenditure and private jet travel costs. The Tribunal held that reassessment proceedings cannot be initiated …
In a recent regulatory disclosure, Polycab India Limited informed stock exchanges that it has received an income tax assessment order raising a demand of approximately ₹327.45 crore for the Assessment Year (AY) 2024-25 (corresponding to FY 2023-24). The order has …
In a significant ruling under the Income-tax Act, the Delhi High Court has held that the Competent Authority is bound to issue a nil-rate TDS certificate under Section 197 when an earlier High Court decision between the same parties has already settled the issue …