Police Canteen Transactions with Members Not Business Activity, No Audit Required u/s 44AB: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the transactions of a police canteen with its members are governed by...
![[BREAKING] Gujarat HC directs CBDT to extend ITR Due Date for Audit Cases, mandates 1 month Gap between ITR date and Tax Audit Report Date](https://images.taxscan.in/h-upload/2025/10/13/250x150_2096226-itr-audit-due-date-extension-taxscan.webp "[BREAKING] Gujarat HC directs CBDT to extend ITR Due Date for Audit Cases, mandates 1 month Gap between ITR date and Tax Audit Report Date")
Supreme Court Reinstates Quarry Lease to Highest Bidder: Quashes High Court's Re-Tender Order as Legally Unjustified [Read Order]
The Supreme Court of India set aside a judgment of the Orissa High Court that had ordered a re-tender of the Karangadihi Sand Quarry lease. The apex court upheld the award of the tender to M/s Sri...
![Supreme Court Reinstates Quarry Lease to Highest Bidder: Quashes High Courts Re-Tender Order as Legally Unjustified [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050377-quarry-lease-taxscan.webp "Supreme Court Reinstates Quarry Lease to Highest Bidder: Quashes High Courts Re-Tender Order as Legally Unjustified [Read Order]")
Cause of Delay should be Considered rather than Length of Delay for Condonation: ITAT Remands 44AB Penalty Issue for Reconsideration [Read Order]
The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) remanded section 44AB Penalty issue for reconsideration holding that cause of delay should be considered rather than length of delay for...
![Cause of Delay should be Considered rather than Length of Delay for Condonation: ITAT Remands 44AB Penalty Issue for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Condones-Delay-ITAT-TAXSCAN.jpg "Cause of Delay should be Considered rather than Length of Delay for Condonation: ITAT Remands 44AB Penalty Issue for Reconsideration [Read Order]")
Reassessment Initiated Based on Incorrect Non-Filing of ITR Alert from Insight Portal: Patna HC Quashes Demand [Read Order]
In a recent ruling, the Patna High Court quashed the income tax demand raised through reassessment proceedings which was completely based on incorrect information from the insight portal that the...
![Reassessment Initiated Based on Incorrect Non-Filing of ITR Alert from Insight Portal: Patna HC Quashes Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Reassessment-ITR-Alert-Insight-Portal-Patna-HC-taxscan.jpg "Reassessment Initiated Based on Incorrect Non-Filing of ITR Alert from Insight Portal: Patna HC Quashes Demand [Read Order]")
Automation and AI Cannot Disregard Natural Justice: Bombay HC on CPC Rejecting ITR Without Reasoning [Read Order]
In a recent decision, the Bombay High Court held that automated systems, including AI-driven tax portals, must adhere to the principles of natural justice and cannot reject tax returns without...
![Automation and AI Cannot Disregard Natural Justice: Bombay HC on CPC Rejecting ITR Without Reasoning [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Automation-AI-Disregard-Natural-Justice-Bombay-HC-CPC-Rejecting-ITR-Reasoning-taxscan.jpg "Automation and AI Cannot Disregard Natural Justice: Bombay HC on CPC Rejecting ITR Without Reasoning [Read Order]")
CBDT Updates Form 3CD: New Disclosure Rules for MSME Payments, Share Buybacks, and Loans [Read Notification]
The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has issued Notification No. 23/2025 dated 28th March 2025, announcing the Income-tax (Eighth Amendment) Rules, 2025. The...
![CBDT Updates Form 3CD: New Disclosure Rules for MSME Payments, Share Buybacks, and Loans [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/03/CBDT-Form-3CD-CBDT-Updates-Form-3CD-New-Rules-for-MSME-Payments-TAXSCAN.jpg "CBDT Updates Form 3CD: New Disclosure Rules for MSME Payments, Share Buybacks, and Loans [Read Notification]")
Chartered Accountants are the Best and Only Suited Professionals for Income Tax Audits, says ICAI President
The 73rd President of the Institute of Chartered Accountants of India ( ICAI ), CA Charanjot Singh Nanda, has strongly stated that only Chartered Accountants (CAs) are qualified to conduct tax...
