![ITAT Strikes Down Reassessment: Rs50 Lakh Threshold Not Met for Late Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Reassessment.jpg "ITAT Strikes Down Reassessment: Rs50 Lakh Threshold Not Met for Late Notice [Read Order]")
ITAT Strikes Down Reassessment: Rs50 Lakh Threshold Not Met for Late Notice [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench has quashed a reassessment proceeding initiated by the Income Tax Department, ruling that the tax...
![[BREAKING] Income Tax Return: CBDT notifies Revised ITR Forms 1 and 4 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/Income-Tax-Return-ITR-CBDT-Revised-ITR-Forms-1-and-4-TAXSCAN.jpg "[BREAKING] Income Tax Return: CBDT notifies Revised ITR Forms 1 and 4 [Read Notification]")
![ITAT Dismisses Revenues Appeal as Tax Effect Falls Below CBDTs Rs. 60 Lakh Threshold [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Dismisses-Revenues-Appeal-Tax-Effect-CBDTs-Threshold-TAXSCAN.webp "ITAT Dismisses Revenues Appeal as Tax Effect Falls Below CBDTs Rs. 60 Lakh Threshold [Read Order]")
![CBDT Issues FAQs on Settlement Expenses Disallowance u/s 37 of Income Tax Act [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/CBDT-Issues-FAQs-Settlement-Expenses-Disallowance-us-37-Income-Tax-Act-taxscan.jpg "CBDT Issues FAQs on Settlement Expenses Disallowance u/s 37 of Income Tax Act [Read Notification]")
Street Vendors Hit with Crore-Worth Income Tax, GST Notices: How to Stay Safe from PAN Misuse, Identity Theft
Prince Suman, an egg seller from Damoh, Madhya Pradesh, earns less than Rs. 1 lakh in a year by selling eggs on the streets. But in March 2025, he was shocked to receive a GST notice asking him to...
CBDT Revises Form 27EQ: TCS Applicable on Luxury Items including Sale of Yacht, Home Theater [Read Notification]
The Central Board of Direct Taxes (CBDT), through Notification No. G.S.R. 252(E) dated 22nd April 2025, has notified amendments to Form 27EQ under the Income-tax Act, thereby expanding the scope of...
![CBDT Revises Form 27EQ: TCS Applicable on Luxury Items including Sale of Yacht, Home Theater [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/CBDT-Form-27EQ-TCS-Applicable-Luxury-Items-Sale-of-Yacht-Home-Theater-taxscan.jpg "CBDT Revises Form 27EQ: TCS Applicable on Luxury Items including Sale of Yacht, Home Theater [Read Notification]")
Deadline Alert: CBDT Sets April 30 as Last Day for Vivad se Vishwas Declarations [Read Notification]
The Ministry of Finance, through Notification No. S.O. 1650(E) dated April 8, 2025, has officially announced that April 30, 2025, will be the last date for filing declarations under the Direct Tax...
![Deadline Alert: CBDT Sets April 30 as Last Day for Vivad se Vishwas Declarations [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/CBDT-Last-date-for-Vivad-se-Vishwas-Declarations-Vivad-se-Vishwas-TAXSCAN.jpg "Deadline Alert: CBDT Sets April 30 as Last Day for Vivad se Vishwas Declarations [Read Notification]")
PAN issued Based on Aadhaar Enrolment ID Must Be Linked to Aadhaar by Dec 2025: FinMin [Read Notification]
The Central Board of Direct Taxes ( CBDT ) under the Ministry of Finance issued an official notification (No. 26/2025) dated April 3, 2025, announcing that individuals who received their Permanent...
![PAN issued Based on Aadhaar Enrolment ID Must Be Linked to Aadhaar by Dec 2025: FinMin [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/PAN-Based-on-Aadhaar-Enrolment-ID-Linked-Aadhaar-FinMin-taxscan.jpg "PAN issued Based on Aadhaar Enrolment ID Must Be Linked to Aadhaar by Dec 2025: FinMin [Read Notification]")
![CBDT Waives Interest on Late TDS/TCS Payments due to Technical Glitch [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/04/CBDT-Interest-Late-TDS-TCS-Payments-Technical-Glitch-taxscan.jpg "CBDT Waives Interest on Late TDS/TCS Payments due to Technical Glitch [Read Circular]")