![ITR not filed with Audit Report Timely due to delay in Auditor Appointment: Orissa HC allows Belated Filing with Report [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/500x300_2118489-whatsapp-image-2026-01-12-at-60659-pm.webp "ITR not filed with Audit Report Timely due to delay in Auditor Appointment: Orissa HC allows Belated Filing with Report [Read Order]")
ITR not filed with Audit Report Timely due to delay in Auditor Appointment: Orissa HC allows Belated Filing with Report [Read Order]
The Orissa High Court has allowed the The Reserve Bank Employees Co-operative Credit Society Limited to file the income tax returns ( ITR ) with an...
![House Rent Allowance (HRA) under Income Tax Act, 1961 vs. 2025 [Old vs New Tax Act Series]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117761-house-rent-allowance-under-income-tax-act-old-new-tax-act-series-taxscan.webp "House Rent Allowance (HRA) under Income Tax Act, 1961 vs. 2025 [Old vs New Tax Act Series]")
![Assessments and Time Limits under Income Tax Act [New v/s Old Tax Act Series]](https://images.taxscan.in/h-upload/2025/12/29/250x150_2115718-assessments-time-limits-under-income-tax-act-taxscan.webp "Assessments and Time Limits under Income Tax Act [New v/s Old Tax Act Series]")
![ITAT Quashes Assessment Over Contradictory Search Details and Non-Application of Mind, Invalidates Reassessment Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/12/29/250x150_2115552-itat-quashes-assessment-over-contradictory-search-details-taxscan.webp "ITAT Quashes Assessment Over Contradictory Search Details and Non-Application of Mind, Invalidates Reassessment Proceedings [Read Order]")
![Special Allowances - Exemptions and Taxability Under Income Tax Act [Old vs New Tax Act Series]](https://images.taxscan.in/h-upload/2025/12/27/250x150_2115348-income-tax-act-2025.webp "Special Allowances - Exemptions and Taxability Under Income Tax Act [Old vs New Tax Act Series]")
Recovery Beyond 20% of Disputed IT Demand Held Unfair During Appeal Stage: Calcutta HC Orders Refund [Read Order]
The Calcutta High Court, in a recent case, has affirmed the principle that recovery of a disputed tax demand during the pendency of an appeal cannot exceed 20% of the demand. The case arose from...
![Recovery Beyond 20% of Disputed IT Demand Held Unfair During Appeal Stage: Calcutta HC Orders Refund [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113458-calcutta-hc-vat-refund-taxscan.webp "Recovery Beyond 20% of Disputed IT Demand Held Unfair During Appeal Stage: Calcutta HC Orders Refund [Read Order]")
Depreciation on Genuine Fixed Assets Cannot be Disallowed Merely for Alleged Source Deficiency: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) deleted a disallowance of depreciation amounting to ₹2,14,45,821 and ruled that when the ownership, existence, and business use of...
![Depreciation on Genuine Fixed Assets Cannot be Disallowed Merely for Alleged Source Deficiency: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113358-depreciation-on-genuine-fixed-assets-cannot-be-disallowed-merely-itat-taxscan.webp "Depreciation on Genuine Fixed Assets Cannot be Disallowed Merely for Alleged Source Deficiency: ITAT [Read Order]")
Consolidating the ‘Opportunity of Being Heard’ in Penalty Proceedings u/s 471 of Income Tax Act, 2025 [Old vs New Tax Act Series- Article 2]
The Income Tax Act, 2025 is a landmark legislation, repealing the erstwhile IncomeTax Act of 1961 which has been in force for more than 6 decades. To accommodate the changing ways of the world and...
![Consolidating the ‘Opportunity of Being Heard’ in Penalty Proceedings u/s 471 of Income Tax Act, 2025 [Old vs New Tax Act Series- Article 2]](https://images.taxscan.in/h-upload/2025/12/18/500x300_2113016-consolidating-income-tax-act-2025-old-new-tax-act-series-taxscan.webp "Consolidating the ‘Opportunity of Being Heard’ in Penalty Proceedings u/s 471 of Income Tax Act, 2025 [Old vs New Tax Act Series- Article 2]")
![Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part III]](https://images.taxscan.in/h-upload/2025/12/16/500x300_2112530-annual-tax-corporate-law-digest-2025-complete-high-court-cases-part-iii-taxscan.webp "Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part III]")
Non-Resident Individual Tax Guide for AY 2025-26: Understanding Residential Status, Tax Regimes, and Available Deductions
The taxation landscape for Non-Resident Individuals (NRIs) in India is governed by specific provisions of the Income Tax Act, 1961, which differentiate their tax obligations from those of resident...
Calcutta HC Rejects S.68 Appeal as Tax Effect Falls Below ₹2 Crore Limit Under Circular No. 9/2024 [Read Order]
The Calcutta High Court declined to entertain a revenue appeal challenging the deletion of an addition made under Section 68 of the Income Tax Act, 1961, holding that the tax effect involved was...
![Calcutta HC Rejects S.68 Appeal as Tax Effect Falls Below ₹2 Crore Limit Under Circular No. 9/2024 [Read Order]](https://images.taxscan.in/h-upload/2025/12/06/500x300_2110545-appeal-tax-effect-falls-below-crore-limit-taxscan.webp "Calcutta HC Rejects S.68 Appeal as Tax Effect Falls Below ₹2 Crore Limit Under Circular No. 9/2024 [Read Order]")