Category: Income Tax

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-department-deduction-disclosures-ay-2025-26-automated-verification-itr-filing-deadline-extended-478881-2025-06-03 – Enhanced disclosure requirements for taxpayers opting for the old tax regime. – Automation of deduction verification aims to reduce errors. – New

Clipped from: https://taxguru.in/income-tax/54f-exemption-granted-floors-single-residential-house.html PCIT-Central -1 Vs Lata Goel (Delhi High Court) Delhi High Court held that exemption under section 54F of the Income Tax Act is

Clipped from: https://www.financialexpress.com/money/how-to-file-itr-online-step-by-step-guide-for-e-filing-income-tax-return-for-ay2025-26-3865728/ Though ITR filing can still be done via offline and online mode both, most taxpayers nowadays prefer filing ITR online using the Income

Clipped from: https://taxguru.in/income-tax/sec-562x-covers-all-immovable-properties-including-agricultural-land.html Clayking Minerals LLP Vs ITO (ITAT Ahmedabad) Sec 56(2)(x) applies to any immovable property, including agricultural land & when the assessee disputes stamp

Clipped from: https://www.taxscan.in/income-tax-notice-dispatch-date-prevails-over-digital-signature-date-delhi-hc-upholds-notice-issued-on-basis-of-sc-judgment/523584/ The Court explained that the notification and the actions that followed were legally tenable since the Assessing Officer’s actions and procedural safeguards were

Clipped from: https://www.business-standard.com/finance/personal-finance/itr-1-itr-4-utilities-released-how-to-use-them-for-easier-tax-filing-125060200522_1.html Here’s how you can easily fill and file your tax returns offline before uploading them to the portal through the newly released excel

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/faked-a-tax-deduction-new-itr-rules-could-slap-you-with-200-penalty-and-prosecution-478605-2025-06-02 Education and home loan benefits under Sections 80E, 80EE, and 80EEA now require detailed disclosures, including lender names, loan account numbers, and sanction

Clipped from: https://www.financialexpress.com/money/itr-filing-for-ay2025-26-begins-for-these-taxpayers-over-54k-income-tax-returns-filed-in-3-days-3865347/ This year there has been a significant delay in both notifying the ITR forms and updating online & offline utilities to support tax

Clipped from: https://taxguru.in/income-tax/order-passed-reply-liable-quashed-gujarat-hc.html Hasmukhbhai Girdharilal Chopra Vs National Faceless Assessment Centre (Gujarat High Court) Gujarat High Court held that reassessment order passed under section 148 of

Clipped from: https://taxguru.in/income-tax/reopening-assessment-quashed-based-change-opinion-bombay-hc.html Prithvi Apartments Co-operative Housing Society Limited Vs ACIT (Bombay High Court) Bombay High Court held that since issue already examined during the course

Clipped from: https://taxguru.in/income-tax/reassessment-u-s-148-quashed-information-supplied-gujarat-hc.html Adani Wilmar Limited Vs ACIT (Gujarat High Court) Gujarat High Court held that reassessment under section 148 of the Income Tax Act is

Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=88912 HC held that the Assessing Officer could not reopen the assessment merely on a change of opinion. The court found that the petitioner

Clipped from: https://taxguru.in/income-tax/reopening-quashed-information-notice-ambiguous-fails-establish-live-link-evidence.html Pranav Ramesh Pariikh Vs DCIT (Gujarat High Court) Gujarat High Court held that reopening of assessment under section 148 of the Income Tax

lipped from: https://taxguru.in/income-tax/matter-restored-cit-a-personal-hearing-notice-email-inspite-specifically-opting.html Sarita Konda Vs ITO (ITAT Raipur) ITAT Raipur restored the matter to the file of CIT(A) for fresh adjudication as intimation of fixation

Clipped from: https://www.thehindubusinessline.com/economy/taxpayers-can-now-use-excel-utility-to-file-itr-1-itr-4-for-ay-2025-26/article69636493.ece These forms are now available for reporting income earned between April 1, 2024, and March 31, 2025, with the filing deadline set for

lipped from: https://www.financialexpress.com/money/income-tax-itr-filing-excel-utilities-for-itr-1-itr-4-released-check-if-you-can-use-them-to-file-income-tax-return-3862422/ Taxpayers can download these utilities, fill in their income details offline, validate the information, and then generate a JSON file. The Income Tax Department has