Big Relief: No Liability on TDS/TCS Deductor u/s 206AA/206CC due to PAN-Aadhaar Non-linkage Until May 31, 2024 [Read Circular]
In response to taxpayer requests, the CBDT has provided significant relief. Until March 31, 2024, if PAN is linked with Aadhaar by May 31, 2024,...
![Surrender of Additional Professional Income Covering Expenditure Incurred on Building: ITAT deletes Addition u/s 69 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Income-tax-income-professional-income-taxscan-.jpg "Surrender of Additional Professional Income Covering Expenditure Incurred on Building: ITAT deletes Addition u/s 69 of Income Tax Act [Read Order]")
Madras HC declares Clause 5(ii) of Circular No.6/2023 on Trusts issued by CBDT Arbitrary and Ultra vires to Constitution of India [Read Order]
In a recent verdict, the Madras High Court declared Clause 5(ii) of Circular No.6 of 2023, issued by the Central Board of Direct Taxes ( CBDT ) on May 24, 2023, as illegitimate, arbitrary, and...
CBDT grants Income Tax Exemption to Amul Research and Development Association in Gujarat u/s 35(1)(ii) [Read Notification]
The Central Board of Direct Taxes has notified the income tax exemption to Amul Research and Development Association in Gujarat under section 35(1)(ii) of Income Tax Act, 1961. This vid Notification...
![CBDT grants Income Tax Exemption to Amul Research and Development Association in Gujarat u/s 35(1)(ii) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/04/CBDT-Income-Tax-Exemption-Amul-Research-and-Development-Association-Amul-Taxscan.jpg "CBDT grants Income Tax Exemption to Amul Research and Development Association in Gujarat u/s 35(1)(ii) [Read Notification]")
CBDT releases Strict Interim Action Plan for Income Tax Dept Functions in FY 2024-2025, Timelines Leaked [Read Notification]
The Central Board of Direct Taxes (CBDT) has issued a Circular (vide F.No. 380/01/2024) dated April 05, 2024, for departmental use, outlining the Interim Action Plan for the Financial Year 2024-25. ...
![CBDT releases Strict Interim Action Plan for Income Tax Dept Functions in FY 2024-2025, Timelines Leaked [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/04/CBDT-Strict-Interim-Action-Plan-Interim-Action-Plan-taxscan.jpg "CBDT releases Strict Interim Action Plan for Income Tax Dept Functions in FY 2024-2025, Timelines Leaked [Read Notification]")
![CBDT Notification going beyond Provisions of Income Tax Act is Invalid: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/CBDT-Notification-Income-Tax-Act-Bombay-HC-TAXSCAN.jpg "CBDT Notification going beyond Provisions of Income Tax Act is Invalid: Bombay HC [Read Order]")
Education Cess cannot be allowed as Allowable Expense u/s 37 (1) of Income Tax Act: ITAT [Read Order]
In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that the education cess cannot be allowed as allowable expense under Section 37 (1) of Income Tax Act, 1961....
![Education Cess cannot be allowed as Allowable Expense u/s 37 (1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Delhi-Education-Cess-Income-tax-taxscan.jpg "Education Cess cannot be allowed as Allowable Expense u/s 37 (1) of Income Tax Act: ITAT [Read Order]")
