6 Lakh ITRs filed, two-third processed in First Month of Filing Season
Within the first month of Assessment Year 2024-25 (FY25), the Income Tax (I-Tax filingsT) Department has already processed a substantial number of...
![CBDT notifies Section 80G deduction to Shree Ramanuj Kot Trust Extend of Rs. 1,63,06,311 under Income Tax Act [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/05/CBDT-CBDT-Notification-Section-80G-of-income-tax-act-Income-Tax-Income-tax-news-taxscan.jpg "CBDT notifies Section 80G deduction to Shree Ramanuj Kot Trust Extend of Rs. 1,63,06,311 under Income Tax Act [Read Notification]")
![CBDT issues Guidelines and Procedure for Compulsory Selection of Income Tax Returns for Complete Scrutiny for FY 2024-2025 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/05/CBDT-CBDT-Guidelines-Income-Tax-Returns-Income-Tax-Ministry-of-Finance-TAXSCAN.jpg "CBDT issues Guidelines and Procedure for Compulsory Selection of Income Tax Returns for Complete Scrutiny for FY 2024-2025 [Read Notification]")
ICAI releases Exposure Draft of Guidance Note on Reports on Audit u/s 12A/10(23C) of Income Tax Act for Public Comments
The Institute of Chartered Accountant on 29 th April 2024 released the exposure draft of guidance note on reports on audit under Section 12A/10(23C) of Income Tax Act, 1961 for Public Comments. In...
Bombay HC allows Petition by Directing JCIT to Supply a Copy of Exemption Certificate u/s 12 A of Income Tax Act [Read Order]
The Bombay High Court allowed petition by directing to Joint Commissioner of Income Tax ( JCIT )to supply a copy of certificate of exemption under Section 12 A of Income Tax Act, 1961. The...
![Bombay HC allows Petition by Directing JCIT to Supply a Copy of Exemption Certificate u/s 12 A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Bombay-High-Court-Joint-Commissioner-of-Income-Tax-Exemption-Certificate-Section-12A-of-income-tax-act-taxscan.jpg "Bombay HC allows Petition by Directing JCIT to Supply a Copy of Exemption Certificate u/s 12 A of Income Tax Act [Read Order]")
Failure to comply with Demand Notice Provisions Attracts Liability for Penal Interest: Delhi HC Sets Aside CCI’s order [Read Order]
The Delhi High Court has set aside the Competition Commission of India's (CCI’s) order, stating that failure to adhere to notice provisions incurs liability for penal interest. The proceedings...
![Failure to comply with Demand Notice Provisions Attracts Liability for Penal Interest: Delhi HC Sets Aside CCI’s order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Demand-Notice-Provisions-Attracts-Liability-Penal-Interest-Delhi-HC-CCIs-order-TAXSCAN.jpg "Failure to comply with Demand Notice Provisions Attracts Liability for Penal Interest: Delhi HC Sets Aside CCI’s order [Read Order]")
Denial of Virtual Hearing on Ground that it was not in Prescribed Form: Kerala HC quashes Re-Assessment Order under Income Tax Act [Read Order]
The Kerala High Court quashed re-assessment order under the Income Tax Act, 1961 in the matter regarding the denial of virtual hearing on ground that it was not in prescribed form. The present...
![Denial of Virtual Hearing on Ground that it was not in Prescribed Form: Kerala HC quashes Re-Assessment Order under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Denial-of-Virtual-Hearing-Ground-Prescribed-Form-Kerala-HC-Re-Assessment-Order-Income-Tax-Act-taxscan.jpg "Denial of Virtual Hearing on Ground that it was not in Prescribed Form: Kerala HC quashes Re-Assessment Order under Income Tax Act [Read Order]")