CBDT guidelines for compulsory scrutiny of ITRs FY 2026-27

CBDT Guidelines for Compulsory Scrutiny of ITRs in FY 2026-27

CBDT Guidelines for Compulsory Scrutiny of ITRs in FY 2026-27 The Income Tax Department is[…]

Kolkata ITAT ruling deleting disallowance on business expenditure for assessee

ITAT Deletes Disallowance on Business Expenditure for Assessee

ITAT Deletes Disallowance on Business Expenditure for Assessee In a significant ruling for taxpayers and[…]

Taxability of deemed dividend under section 2(22)(e) ruling explanation

Taxability of Deemed Dividend Under Section 2(22)(e)

Taxability of Deemed Dividend Under Section 2(22)(e) The concept of deemed dividend under Section 2(22)(e)[…]

ITAT ruling on Section 41(1) sundry creditor capital transfer

ITAT on Section 41(1) and Sundry Creditor Transfers

ITAT on Section 41(1) and Sundry Creditor Transfers The intersection of accounting entries and tax[…]

CBDT clarification on Form 61 filing for NJA transactions

CBDT Clarifies Form 61 Filing for NJA Transactions

CBDT Clarifies Form 61 Filing for NJA Transactions The Central Board of Direct Taxes (CBDT)[…]

Mumbai ITAT ruling on DCF method versus NAV method

ITAT: AO Cannot Replace DCF Method with NAV Method

ITAT: AO Cannot Replace DCF Method with NAV Method In a landmark judgment that provides[…]

ITAT Hyderabad ruling deleting tax addition on diary entries

ITAT Hyderabad Deletes ₹14.16 Crore Addition

ITAT Hyderabad Deletes ₹14.16 Crore Addition In a landmark judgment that provides significant relief to[…]

Valuation methods for Impact of Finance Act 2023 Angel Tax

Impact of Finance Act 2023 on Angel Tax and Rule 11UA

Impact of Finance Act 2023 on Angel Tax and Rule 11UA The landscape of startup[…]

ITAT ruling on Section 41(1) sundry creditor capital transfer

Calcutta High Court Grants Relief: 7-Day Delay Cannot Defeat Carry Forward of Losses

Calcutta High Court Grants Relief: 7-Day Delay Cannot Defeat Carry Forward of Losses In a[…]

Guide to TDS on commission transition to Section 393

TDS on Commission: Transition from Section 194H to 393

TDS on Commission: Transition from Section 194H to 393 The landscape of Indian taxation is[…]

Delhi High Court order for Xiaomi 272 crore security deposit

Delhi HC Orders Xiaomi to Furnish ₹272 Crore SEP Security

Delhi HC Orders Xiaomi to Furnish ₹272 Crore SEP Security The Delhi High Court has[…]

CBDT guidelines for compulsory scrutiny of ITRs FY 2026-27

Capital vs Revenue Receipt: When Does Money Become Taxable?

Capital vs Revenue Receipt: When Does Money Become Taxable? In the world of income tax[…]

Rule 46(8): Mandatory Daily Backup of Digital Books in India

Rule 46(8): Mandatory Daily Backup of Digital Books In the evolving landscape of digital governance,[…]

Section 2(47)(v) Income Tax Act: Possession and Capital Gains Year of Transfer

Section 2(47)(v) Capital Gains: Determining the Year of Transfer in Property Transactions Determining the exact[…]

ESOP Tax Relief for Employees of Startup Registered Companies

ESOP Tax Relief for Employees of Startup Registered Companies Employee Stock Option Plans (ESOPs) have[…]

Bombay HC: Only Profit Element Taxable on Bogus Purchases, Not Entire Amount

Bogus Purchases: Understanding the Bombay High Court’s Landmark Ruling on Taxable Profit Elements In the[…]

ITR-4 Sugam: Mandatory Investment Disclosure for Presumptive Tax Filers

Significant Changes in ITR-4 Sugam: Mandatory Investment Disclosure for Presumptive Tax Filers for FY 2025-26[…]

Taxation of Agricultural Land Classification and Capital Asset Status

Is Your Land Truly a Capital Asset? Understanding the Exemption of Agricultural Land In the[…]

CBDT clarification on Form 61 filing for NJA transactions

Assessment Invalid if Material Not Shared or Cross-Examination Denied: ITAT Mumbai Reaffirms Natural Justice Rule

No Cross-Examination, No Case: ITAT Mumbai Reaffirms Principles of Natural Justice In a landmark ruling[…]

Complete Guide to TAN Forms 134 and 135: Features and Benefits

The Evolution of TAN Registration: Transitioning from Form 49B to Forms 134 and 135 In[…]

CBDT guidelines for compulsory scrutiny of ITRs FY 2026-27

ITAT Remands Rs 1.57 Cr NRE Deposit Addition for Proper Evidence Examination

ITAT Overturns ₹1.57 Crore Addition: The Critical Role of NRE Account Evidence in Income Tax[…]

Valuation methods for Impact of Finance Act 2023 Angel Tax

Taxability of Bogus Purchases: ITAT Ruling on Profit Elements and Evidence

Bogus Purchase Allegations Collapse Without Evidence: Insights from ITAT Nagpur In the evolving landscape of[…]

CBDT guidelines for compulsory scrutiny of ITRs FY 2026-27

Understanding Section 10(10D) Tax Exemption on LIC Maturity: ITAT Ruling and Eligibility Rules

Understanding Section 10(10D): Why High-Premium Life Insurance Might Lose Its Tax Exemption For most Indian[…]

New TDS Rules on Property Purchase 2026-27: Reporting System and Compliance Guide

The New Era of TDS on Property Purchases: Navigating Section 194-IA under the Income-tax Act,[…]

Taxability of deemed dividend under section 2(22)(e) ruling explanation

New Form 141 and Rent TDS Rules: Complete Guide for April 2026 Transition

The Evolution of Rent TDS Reporting: Navigating Form No. 141 and Schedule A In the[…]

Madras High Court: Court Not a Platform for Settling Personal Disputes

Taxpayer Relief: ITAT Ahmedabad Rules on Bad Debts Write-off and Section 154 Rectifications In a[…]

CBDT guidelines for compulsory scrutiny of ITRs FY 2026-27

ITAT Disallows Excessive Partner Remuneration Without Extraordinary Work Proof

ITAT Upholds Disallowance on Excessive Remuneration: Analyzing the Intersection of Section 40(b) and 40A(2)(b) In[…]

Valuation methods for Impact of Finance Act 2023 Angel Tax

Section 50C & Section 54: MOU Date vs. Registration Date | Mumbai ITAT Ruling

Section 50C & Section 54: Navigating the MOU vs. Registration Date Conflict – Insights from[…]

Mumbai ITAT ruling on DCF method versus NAV method

Form 141 TDS on Property: New Rules and Transition from Form 26QB 2026

Significant Changes in TDS on Immovable Property: Transitioning to Form 141 and Form 132 For[…]

Guide to Section 10(23C) Tax Exemptions for Educational and Medical Institutions

Comprehensive Guide to Section 10(23C) Exemption for Educational, Medical, and Charitable Institutions Section 10(23C) of[…]