Political Donations: Income Tax Dept. Probes Taxpayers who Availed S.80GGC Deduction for FY 21 & 22
Reports from different corners of the nation point towards an extensive investigation launched by the Income Tax Department to probe into taxpayers...
![Relief to Make My Trip: ITAT Quashes Revision Order Noting AOs Proper Inquiry on ESOP Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Make-my-Trip.jpg "Relief to Make My Trip: ITAT Quashes Revision Order Noting AOs Proper Inquiry on ESOP Expenses [Read Order]")
![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]")
![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]")
Income Tax Payers Receive Demand Intimation Orders Despite Utility Tool Permitting S.87A Rebate on Special Rate Incomes: X Users React
A number of taxpayers have taken to X (formerly Twitter) to express frustration over receiving Income Tax intimation orders for demands from the Income Tax Department despite the online filing...
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...
