![CBDT cannot Impose Arbitrary Time Limits to Deny Taxpayers’ Refund Rights under Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/sun-pharmaceutical.jpg "CBDT cannot Impose Arbitrary Time Limits to Deny Taxpayers’ Refund Rights under Income Tax Act: Delhi HC [Read Order]")
CBDT cannot Impose Arbitrary Time Limits to Deny Taxpayers’ Refund Rights under Income Tax Act: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court held that the Central Board of Direct Taxes (CBDT) cannot impose arbitrary time limits to deny taxpayers...
![No Income Tax Reassessment Notice u/s 148 May be Issued after Statutory Limitation: Rajasthan HC refers SC Decision in Rajeev Bansal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/No-Income-Tax-Reassessment-Notice-Statutory-Limitation-Rajasthan-HC-SC-Decision-Rajeev-Bansal-taxscan.jpg "No Income Tax Reassessment Notice u/s 148 May be Issued after Statutory Limitation: Rajasthan HC refers SC Decision in Rajeev Bansal [Read Order]")
![CBDT Circular Leads to Dismissal of Revenues Appeal: ITAT upholds Threshold Limit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/CBDT-Circular-Leads-Dismissal-Revenues-Appeal-ITAT-Threshold-Limit-taxscan.jpg "CBDT Circular Leads to Dismissal of Revenues Appeal: ITAT upholds Threshold Limit [Read Order]")
CBDT Amends Income Tax Rules 12CA & 12CC: New Due Dates for Statements on Income Distribution by Business & Securitisation Trusts [Read Notification]
The Central Board of Direct Taxes ( CBDT ) under the Ministry of Finance (Department of Revenue) issued Notification No. 17/2025 dated February 24, 2025, announcing amendments to the Income Tax...
![CBDT Amends Income Tax Rules 12CA & 12CC: New Due Dates for Statements on Income Distribution by Business & Securitisation Trusts [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/02/CBDT-Income-Tax-Rules-12CA-12CC-New-Due-Dates-Statements-Income-Distribution-Business-Securitisation-Trusts-taxscan.jpg "CBDT Amends Income Tax Rules 12CA & 12CC: New Due Dates for Statements on Income Distribution by Business & Securitisation Trusts [Read Notification]")
![CBDT issues Guidance Circular on Application of Principal Purpose Tests Under DTAA [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/01/CBDT-Central-Board-of-Direct-Taxes-DTAA-Application-of-Principal-Purpose-CBDT-issues-Guidance-taxscan.jpg "CBDT issues Guidance Circular on Application of Principal Purpose Tests Under DTAA [Read Circular]")
Rejection of Form No.10AB for Incorrect Clause Selection: ITAT Orders CIT(E) to consider on Merits [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) directed the Commissioner of Income Tax(Exemption)[CIT(E)] to consider Form No. 10AB on merits after it was rejected due to an incorrect...
![Rejection of Form No.10AB for Incorrect Clause Selection: ITAT Orders CIT(E) to consider on Merits [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Rejection-Form-No.10AB-Incorrect-Clause-Selection-ITAT-Orders-CITE-taxscan.jpg "Rejection of Form No.10AB for Incorrect Clause Selection: ITAT Orders CIT(E) to consider on Merits [Read Order]")
ICMAI Seeks Inclusion of Cost Accountants in ‘Accountant’ Definition in Income Tax Bill, Writes to FM
The Institute of Cost Accountants of India ( ICMAI ) has written a letter to the Finance Minister Nirmala Sitharaman to include Cost Accountants in the definition of ‘Accountant’ under Section...
ITAT grants Rs. 4.07 Crore Tax Exemption Despite Procedural Delay in Form 10BB Validation [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed a tax exemption of Rs. 4.07 crore to a public charitable trust, despite a procedural delay in the validation of Form 10BB. ...
![ITAT grants Rs. 4.07 Crore Tax Exemption Despite Procedural Delay in Form 10BB Validation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-4.07-Crore-Tax-Exemption-Despite-Procedural-Delay-Form-10BB-Validation-taxscan.jpg "ITAT grants Rs. 4.07 Crore Tax Exemption Despite Procedural Delay in Form 10BB Validation [Read Order]")
![CBDT Extends Deadline for Filing Form No. 56F Until March 31, 2025 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/02/From-No-56F.jpg "CBDT Extends Deadline for Filing Form No. 56F Until March 31, 2025 [Read Circular]")