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Income Tax Rules Amendment: CBDT Fixes ₹4 Lakh Salary and ₹8 Lakh Gross Income Thresholds [Read Notification]

Kavi Priya

The Central Board of Direct Taxes (CBDT), Ministry of Finance issued Notification No. 133/2025 [G.S.R. 555(E)] dated 18 August 2025, amending the...

CIT(A) disallows ₹1.41 Crore u/s 54F for Additional Residential Property: ITAT Remands Matter...

Salary paid by Indian Company to Non-Resident for service rendered outside India is not Taxable in...

Inadvertent Mistake due to Typographical Error in Calculating Total Income: ITAT Set Aside Revision...

Firm liable for Levy of Surcharge Only When Total Income Exceeds One Crore Rupees: ITAT [Read Order]

Arrangement b/w Husband and Wife without Real Money Exchange not amount to Unexplained Investment u/s. 69: ITAT [Read Order]

The Vishkhapatanam bench of the Income Tax Appellate Tribunal (ITAT) has held that a mere arrangement between a husband and wife without real money exchange cannot be doubted as an unexplained...

Relief to Fenner India: Royalty Income not relatable to Export Business excludable from Business Profit u/s 80HHC, rules Madras HC [Read Order]

The division bench of Madras High Court presided by Mr. Justice R. Mahadevan and Mr. Justice J. Sathya Narayana Prasad has upheld the exclusion of royalty income from business profits for calculation...

Addition of Part of Cash Deposit to Total Income on Surmises and Conjectures: ITAT upholds deletion of Addition u/s 69A [Read Order]

The Income Tax Appellate Tribunal, Chandigarh Bench has held that addition of part of cash deposit to total Income on surmises and conjectures and upholds the deletion of addition u/s 69A. ...

Amount once included and Taxed from Partner can’t be added to Taxable Income of Firm: ITAT [Read Order]

In a significant ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that amount once included and taxed by a partner can’t be added to the taxable income of the firm. ...

Addition made on Undisclosed Income sustained in the Absence of Contrary Evidence: ITAT [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) comprising Shri Waseem Ahmed, accountant member and Shri Siddhartha Nautiyal, Judicial member has held that addition made on undisclosed...

Reimbursement of Expenses in the usage of Third-party Software without any Mark-up is not liable for TDS: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore has held that the reimbursement of expenses in the usage of third-party software without any markup is not liable for TDS, and provision under...

Dominion Ownership of Car Rest with the Assessee: ITAT rules that Assessee is Eligible for Depreciation of Cars [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has held that if dominion ownership of car rest with the assessee, the assessee is eligible for depreciation of cars. The appellant,...