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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...

ITR E-Filing Mandatory for Companies from May 2007: Madras HC Denies S. 80-IC Deduction to Gemini...

Wrong Selection of ITR 7 instead of ITR 5 is Mere Procedural Error: ITAT remits matter to Reassess...

Income Tax Dept Issues Intimations using Outdated ITR Filing Status: CA Flags use of ‘Harsh...

Important Income Tax Update: CBDT releases Offline ITR utilities for AY 2025-26

COVID Restrictions, Health Issues Not Sufficient to Condone Five-Year Delay in Filing ITR by NRI Senior Citizen: Delhi HC [Read Order]

In a recent ruling, the Delhi High Court refused to condone a delay of almost five years in filing an Income Tax Return (ITR) by a senior citizen who is a Non-Resident Indian (NRI). The court said...

Creditworthiness of Creditor cannot be Denied merely due to Non-Filing of ITR: Patna HC deletes Addition u/s 68 [Read Order]

The Patna High Court, in its recent decision has held that creditworthiness of a creditor cannot be disbelieved merely because the creditor did not file an Income Tax Return ( ITR ) for the relevant...

CBDT’s Risk Management NUDGE Flags Bogus Deductions, Urges Voluntary ITR Corrections Before 31 Dec

The Central Board of Direct Taxes ( CBDT ) has launched a campaign under its risk management framework to highlight possible ineligible deduction and exemption claims under Income-tax Returns...

Income Tax Emails Flag Deduction Mismatches Between Form 16 and ITR: Should Salaried Taxpayers Worry?

A post on social media platform X (formerly Twitter) has criticized the IncomeTax Department for sending emails that many taxpayers say are causing unnecessary fear among honest, salaried...

Annual Income Tax Case Digest: ITAT Decisions 2025 [Part II]

This annual round-up analytically summarizes the key Direct Tax-Income Tax rulings of the Income Tax Appellate Tribunal (ITAT) reported on Taxscan.in in 2025. Landmark Ruling: ITAT Mumbai Upholds...

ITRs are Authentic Proof of Income in MACT Claims: Calcutta HC enhances Compensation from ₹15 Lakh to ₹39 Lakh [Read Order]

TheCalcutta High Court has modified a compensation award, enhancing the compensation amount awardable to a victim from ₹15.05 Lakh to ₹39 Lakh, after affirming that Income Tax Returns (ITR) are...

Cryptocurrency Tax in India: What Every Investor Should Know

The taxation of cryptocurrency in India as detailed in the Finance Act of 2022, contains two parts: a flat taxation rate of 30% on all gains and a 1% Tax Deducted at Source (TDS) for all...