CBDT Approves IIIT Hyderabad for Tax Benefits u/s 35 for Scientific Research
The Central Board of Direct Taxes ( CBDT) through Notification No. 125/2024 dated 2nd December 2024 approved the International Institute of...
![CIT(E) Rejects State Trust Application u/s 12AB for Missing Deadline: ITAT Overturns Decision citing CBDT Deadline Extension Circular. [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CBDT-Deadline-Extension-Circular-Section-12AB-income-tax-act-ITAT-taxscan.jpg "CIT(E) Rejects State Trust Application u/s 12AB for Missing Deadline: ITAT Overturns Decision citing CBDT Deadline Extension Circular. [Read Order]")
![Purchases Claimed by Assessee not Proven to be Non-Business Related: Delhi HC Upholds ITATs Findings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delhi-high-court-Delhi-HC-Upholds-ITAT-Findings-Delhi-High-Court-case-on-business-related-purchases-taxscan.jpg "Purchases Claimed by Assessee not Proven to be Non-Business Related: Delhi HC Upholds ITATs Findings [Read Order]")
![Amendments to Income Tax Rules: New Safe Harbor Provisions for Raw Diamond Businesses [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/12/CBDT-notification-for-diamond-traders-Raw-diamond-trading-tax-Income-Tax-updates-taxscan.jpg "Amendments to Income Tax Rules: New Safe Harbor Provisions for Raw Diamond Businesses [Read Notification]")
[Breaking] CBDT Extends ITR Due Date for Transfer Pricing Report Filers under Section 92E: Check New Date Here [Read Circular]
The Central Board of Direct Taxes (CBDT) has extended the due date for furnishing the return of income under Section 139(1) of the Income Tax Act, 1961, for Assessment Year (AY) 2024-25 from November...
![[Breaking] CBDT Extends ITR Due Date for Transfer Pricing Report Filers under Section 92E: Check New Date Here [Read Circular]](https://www.taxscan.in/wp-content/uploads/2024/11/CBDT-ITR-Transfer-Pricing-Report-Section-92E-taxscan.jpg "[Breaking] CBDT Extends ITR Due Date for Transfer Pricing Report Filers under Section 92E: Check New Date Here [Read Circular]")
Actual Turnover of Kaccha Aarahtias is Commission Charged, Does not include Sales affected on Behalf of Principals: ITAT grants Full TDS Grant to Agent [Read Order]
In a recent case, the Vishakapatanam bench of the Income Tax Appellate Tribunal ( ITAT ) directed the department to grant full TDS credit to the assessee as he is a commission agent. It noted the...
![Actual Turnover of Kaccha Aarahtias is Commission Charged, Does not include Sales affected on Behalf of Principals: ITAT grants Full TDS Grant to Agent [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/commission-agents-tax-CBDT-circular-Kaccha-Aarahtias-TDS-credit-commission-agents-taxscan.jpg "Actual Turnover of Kaccha Aarahtias is Commission Charged, Does not include Sales affected on Behalf of Principals: ITAT grants Full TDS Grant to Agent [Read Order]")
CBDT Approves SKAN Research Trust for Income Tax Benefits u/s 35 for Scientific Research [Read Notification]
The Central Board of Direct Taxes ( CBDT ) through Notification No. 121/2024 dated November 25, 2024, officially announces SKAN Research Trust, Bengaluru, under the category of "Research Association"...
Kerala HC Directs to treat Income from Sale of Immovable Properties owned by Assessee as 'Capital Gains’ [Read Order]
The Kerala High Court directed to treat income from sale of immovable properties owned by assessee as 'Capital Gains’. It was viewed that the requirement of ensuring uniformity and consistency in tax...
![ITAT dismisses Revenue Appeal on Ground of CBDT Circular on Low Tax Effect [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-low-tax-effect-TAXSCAN.jpg "ITAT dismisses Revenue Appeal on Ground of CBDT Circular on Low Tax Effect [Read Order]")
