Read all Latest Updates on and about Section 44AB of the Income Tax Act

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ITR Invalidated for Alleged ₹10 Crore Gross Receipts Without S. 44AB Audit: Karnataka HC Sets Aside CPC Order, Directs Fresh Consideration [Read Order]

In a recent ruling, the Karnataka High Court has intervened in a dispute over the income tax return for AY 2024–25, which had been invalidated by...

Double Addition/Double Disallowance in Income Tax Assessment: ITAT Considers Doctrine of Merger...

Annual Tax and Corporate Law Digest 2025: High Court Cases [Part XXXIV]

Tax Audit Checklist for FY 2024 - 25: A Comprehensive Guide for Compliance

Police Canteen Transactions with Members Not Business Activity, No Audit Required u/s 44AB: ITAT...

Punjab & Haryana and Himachal Pradesh HCs Extend ITR Filing Deadline for Tax Audit Cases

The Punjab & Haryana High Court and the Himachal Pradesh High Court have extended the income tax return (ITR) filing deadline for audit cases from October 31, 2025, to November 30, 2025,...

CBDT Likely to Issue Tax Audit Report Due Date Extension Notification Today

The Central Board of Direct Taxes ( CBDT ) is expected to issue a formal notification today extending the due date for filing the Tax Audit Report (TAR) under Section 44AB of the Income Tax Act,...

[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

In a significant ruling, the Gujarat High Court directed the Central Board of Direct Taxes (CBDT) to extend the Income Tax Return (ITR) due date for audit cases, reaffirming that a statutory one-month...

Section 44AB Tax Audits: Do’s and Don’ts for Smooth Reporting

Every year, as tax filing season approaches, many firms and professionals face an important compliance step, which is a tax audit under Section 44AB of the Income Tax Act, 1961. Section 44AB of the...

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...

Advance Tax Deadline for FY 2025-26 Falls on June 15, Mandatory for those with Tax due Over Rs. 10,000

Attention readers, at 11:04 AM today, the Income Tax Department, through its Twitter handle, reminded taxpayers that the deadline for the first instalment of advance tax for the financial year...

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...