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‘Misprint in TAXMANN Income Tax Bare Act’: Bombay HC Condones 509-Day Delay in Filing Form 9A, says Such Errors cannot Adversely Affect Assessee [Read Order]

Navasree A.M

The Bombay High Court has condoned a delay of nearly 509 days in filing Form 9A for Assessment Year 2022-23, after holding that the delay arose from...

Disallowance of Weighted R&D Deduction u/s 35(2AB): ITAT Holds Non-Filing of Form 3CL Not Fatal...

Proceedings Must Comply with Faceless Reassessment Procedure under Amended IT Act: Bombay HC Stays...

S. 144(C)(13) Timeline Mandatory: Bombay HC rules Transfer Pricing Addition Non Est for Delay in DRP...

Why Smart Taxpayers File Early and Why You should Do it too

Updated Income Tax Bill tabled at Lok Sabha: No Changes to "Accountant" Definition [Read Bill]

Finance Minister Nirmala Sitharaman today introduced the Income-tax (No. 2) Bill, 2025 in the Lok Sabha, replacing the earlier February draft that the government withdrew last week. The revised...

Cracking the ICAI Tax Papers: Your Preparation Guide for 2025

The Institute of Chartered Accountants of India (ICAI) is a statutory body responsible for regulating the profession of Chartered Accountancy (CA) in India. It offers the CA qualification through a...

Income Tax Authorities Must Consider Genuine Extension Requests: Madras HC Sets aside Order Passed Without Hearing [Read Order]

The Madras High Court has set aside an income tax assessment order passed by the Tax Authorities after finding that the assessee’s genuine request for additional time to file a reply was not...

Supreme Court Directs Courts & SRO to report Suits / Deeds of Cash Transaction Above ₹2 Lakh to Income Tax Authorities [Read Order]

The Supreme Court ordered courts and registration authorities to notify the Income Tax Department of any cash transactions above ₹2 lakhs, in a landmark decision intended to combat tax fraud and...

How to Track Your Credit History Using Your PAN Card Via CIBIL, Experian, Equifax, and Others

Your credit report plays an important role in your financial life. It provides a summary of your credit history, including loan and credit card payments, defaults, etc. Lenders and financial...

How to Track Your Credit History - Track Credit History - Credit History - PAN Card Via CIBIL - Equifax - PAN Card - taxscan

₹278.67 Crore Addition on Ex-Andhra CM Y.S. Jagan Mohan Reddy Scrapped by ITAT Over Insufficient Evidence [Read Order]

The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has struck down an addition of ₹278.67 crores imposed on former Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy. The tribunal...

Quantity of Jewellery under Limit prescribed by Circular: ITAT directs Deletion of S.69B Income Tax Addition [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Bangalore bench, has directed the deletion of an addition made under Section 69B of the Income Tax Act concerning seized jewellery....