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Creditworthiness of Creditor cannot be Denied merely due to Non-Filing of ITR: Patna HC deletes Addition u/s 68 [Read Order]

The Patna High Court, in its recent decision has held that creditworthiness of a creditor cannot be disbelieved merely because the creditor did not file an Income Tax Return ( ITR ) for the relevant...

Creditworthiness of Creditor cannot be Denied merely due to Non-Filing of ITR: Patna HC deletes Addition u/s 68 [Read Order]
Navasree A.M

Income Tax Dept Sends ‘Nudge’ Intimations on ITR-AIS Mismatches and High-Value Transactions: What Taxpayers Must Do

The Income Tax Department has stepped up its use of data-driven compliance tools by issuing “nudge” intimations to taxpayers where there is a mismatch between income reported in the income tax...

Income Tax Dept Sends ‘Nudge’ Intimations on ITR-AIS Mismatches and High-Value Transactions: What Taxpayers Must Do
Kavi Priya

Tahsildar Failed to Act Despite Receiving VAT-GST Clarification: Orissa HC Directs to Transfer Records on Sand Quarry Tender to Mining Officer [Read Order]

In a recent case, the Orissa High Court directed the immediate transfer of all records to the Mining Officer within two weeks, as the Tahsildar did not act on the Sand Quarry Tender despite getting ...

Tahsildar Failed to Act Despite Receiving VAT-GST Clarification: Orissa HC Directs to Transfer Records on Sand Quarry Tender to Mining Officer [Read Order]
Shreya Khandkar

Reassessment Cannot Survive Once Recorded Reasons Fail: Delhi HC [Read Order]

The bench of the Delhi High Court held that reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961, cannot be sustained once the very reasons recorded for reopening are...

Reassessment Cannot Survive Once Recorded Reasons Fail: Delhi HC [Read Order]
Advika Dwivedi

[BREAKING] CBDT Extends ITR Filing Deadline for Audit Cases and Audit Report Due Date: Know the New Deadlines

The Central Board of Direct Taxes ( CBDT ), under the Ministry of Finance, Department of Revenue, through a press release dated 29 October 2025, has announced an extension of the due dates for filing...

[BREAKING] CBDT Extends ITR Filing Deadline for Audit Cases and Audit Report Due Date: Know the New Deadlines
Kavi Priya

Transparency at Your Fingertips: Why India Should Let Taxpayers See Every Rupee Spent like “The Australian Model”

Imagine filing your income tax return and receiving not just a refund or assessment notice, but a detailed breakdown showing exactly where every rupee of your hard-earned money went. Healthcare?...

Transparency at Your Fingertips: Why India Should Let Taxpayers See Every Rupee Spent like “The Australian Model”
Adwaid M S

Income Tax Portal Update: Updated Return Filing Excel Utilities for ITR-1 to ITR-7 now Live in Line with Budget 2025

The Income Tax Department has rolled out Excel utilities that let taxpayers file updated returns (ITR-U) across ITR-1 through ITR-7, bringing the e-filing system into compliance with changes...

Income Tax Portal Update: Updated Return Filing Excel Utilities for ITR-1 to ITR-7 now Live in Line with Budget 2025
Manu Sharma

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