Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-dept-releases-faqs-on-tax-deduction-on-donation-under-section-section-80g/articleshow/126076074.cms Listen to this article in summarized format Taxpayers who donate to charitable organisations can claim tax deduction under Section 80G of the Income Tax
Category: Income Tax
Jurisdiction Issue– Income Tax Rules–Courtesy TMI
5. 170/2025 – Dated: 15-12-2025 – ITJurisdiction of Income tax Authorities Summary: Notification No. 170/2025, issued under section 120(1) and (2) of the Income-tax Act, 1961,
Co-Operative Societies liable to deduct TDS on Interest Payments: Kerala HC [Read Order]
lipped from: https://www.taxscan.in/top-stories/co-operative-societies-liable-to-deduct-tds-on-interest-payments-kerala-hc-1436169?TRN300=CvbWznSUcADqkeKDfkCMsKGgAsZDwdMkVkUfBSPXwjHMedFSyMSBziulBMCAsx&LKD333=3247155 Co-Operative Societies Functioning as Banks Must Deduct TDS: Kerala High Court In a significant ruling, the Kerala High Court has held that Co-operative
Real estate broker’s excel sheet triggers Rs 48 lakh ‘cash payment’ tax notice; homebuyer wins relief in ITAT Ahmedabad – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/legal/will/real-estate-brokers-excel-sheet-triggers-rs-48-lakh-cash-payment-tax-notice-homebuyer-wins-relief-in-itat-ahmedabad/articleshow/125960284.cms On November 25, 2025, the Income Tax Appellate Tribunal (ITAT) Ahmedabad, held that if the source of funds from a property sale is clarified and qualifies
Income Tax Judgements shared by CA Mr Amey Sane
Digest of useful judgments – Volume 4 – 01.12.2025
Relief to Aditya Birla Sun Life Insurance: ITAT Quashes Reassessment Notice u/s 148 Issued Beyond Statutory Time Limit Under New Regime [Read Order]
Clipped from: https://www.taxscan.in/top-stories/relief-to-aditya-birla-sun-life-insurance-itat-quashes-reassessment-notice-us-148-issued-beyond-statutory-time-limit-under-new-regime-1439873?TRN300=SeBwznSuSAuqKEBiUFAMSbwGaSZDwdMkeKydFAlXWJhMVUFciMcBZyDRbMcACH&LKD333=3266322 The Tribunal reaffirmed that reassessment proceedings under new regime must strictly adhere to limitation and sanction requirements In a recent ruling in the
Bogus tax deductions under scanner: CBDT flags fake donation claims, warns taxpayers via SMS and email – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/bogus-tax-deductions-under-scanner-cbdt-flags-fake-donation-claims-warns-taxpayers-via-sms-and-email-4075802/ The CBDT has nudged taxpayers to voluntarily withdraw bogus deduction claims after uncovering fake donation rackets and suspicious intermediaries. The tax department says
Bombay HC Condones 2732-day Delay in Electronic Filing of Form 10B
Clipped from: https://taxguru.in/income-tax/bombay-hc-condones-2732-day-delay-electronic-filing-form-10b.html Borivli Education Society Vs CIT (Exemption) (Bombay High Court) The Bombay High Court addressed a petition filed by an educational society challenging the
Leave Encashment Exemption Upheld Under Revised CBDT Limit
Clipped from: https://taxguru.in/income-tax/leave-encashment-exemption-upheld-revised-cbdt-limit.html Devi Dutt Agarwal Vs Assessment Unit (ITAT Jaipur) Income Tax Appellate Tribunal (ITAT), Jaipur Bench, decided the appeal of an individual assessee against
ITAT Chennai Declares Reassessment Notice Invalid for Violating Faceless Scheme
Clipped from: https://taxguru.in/income-tax/itat-chennai-declares-reassessment-notice-invalid-violating-faceless-scheme.html Sappahire Educational & Charitable Trust Vs ITO (ITAT Chennai) The Income Tax Appellate Tribunal (ITAT), Chennai, considered appeals filed by Sappahire Educational &
Telangana HC Quashed Reassessment Notices for Not Following Faceless Procedure
Clipped from: https://taxguru.in/income-tax/telangana-hc-quashed-reassessment-notices-faceless-procedure.html Tecumseh Products lndia Private Limited Vs DCIT (Telangana High Court) The Telangana High Court heard a writ petition challenging notices issued under Sections
Fired employee gets Rs 26 lakh severance pay, but didn’t pay income tax; loses tax battle in ITAT Hyderabad for this key reason – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/fired-employee-gets-rs-26-lakh-severance-pay-but-didnt-pay-income-tax-loses-tax-battle-in-itat-hyderabad-for-this-key-reason/articleshow/125783115.cms Listen to this article in summarized format On November 19, 2025, the Income Tax Appellate Tribunal (ITAT) in Hyderabad decided that any severance
*******Gift gone wrong: How a tax exempt Rs 1.3 crore family gift turned into a Rs 70 lakh tax shock – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/gift-gone-wrong-how-a-tax-exempt-rs-13-crore-family-gift-turned-into-a-rs-70-lakh-tax-shock-504677-2025-12-02 The Income Tax Department has clarified that monetary gifts received by individuals and HUFs are taxable under Section 56(2)(x) unless specifically exempt. Gifts
I-T targets 25,000 high-risk foreign asset cases in fresh drive – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/i-t-targets-25000-high-risk-foreign-asset-cases-in-fresh-drive-4058348/ The move, which follows the disclosure of over ₹29,000 crore in the first phase, aims to boost compliance before severe penalties under the
*******How to check income tax refund status via PAN card? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-check-income-tax-refund-status-via-pan-card/articleshow/125539158.cms Listen to this article in summarized format For many taxpayers, Income Tax Return (ITR) refunds are taking longer than usual this year due
*******I am an NRI, is investing in MFs through NRO and NRE accounts the most tax-efficient way? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/i-am-an-nri-is-investing-in-mfs-through-nro-and-nre-accounts-the-most-tax-efficient-way/articleshow/125583899.cms Listen to this article in summarized format These are a set of queries raised by ET Wealth readers, which have been answered by
*******Service Tax Cannot Be Demanded Only for Mismatch in Income Tax-Service Tax Return
Clipped from: https://taxguru.in/service-tax/service-tax-demanded-mismatch-income-tax-service-tax-return.html Kirodiwal Associates Vs Commissioner (CESTAT Delhi) The appeal challenges Order-in-Appeal No. 172/2023-24 dated 05.10.2023, which upheld a service tax demand against the appellant.
*******Supreme Court upholds 100% Income Tax Addition on Bogus Purchases u/s 69C, Dismisses SLP [Read Order]
Clipped from: https://www.taxscan.in/top-stories/supreme-court-upholds-income-tax-addition-on-bogus-purchases-u-s-c-dismisses-slp-1438272?TRN300=svkWzPcuSAuMkeAfFGxMSBgwasjdwuMBEaffwXnHWjHMVUfCyMCKZiDnbMsacH&LKD333=3210092 The High Court held that the assessee failed to prove the genuineness and source of expenditure. The Supreme Court has upheld the Bombay
*******Ex-Parte Assessment Remanded as Assessee Was Abroad & Notice not Communicated by Consultant
Clipped from: https://taxguru.in/income-tax/ex-parte-assessment-remanded-assessee-notice-communicated-consultant.html Balwinder Pal Singh Vs ITO (ITAT Chandigarh) The appeal concerns the assessee’s challenge to the order dated 06.03.2025 issued by the Commissioner of
*******Cash Deposit Linked to Property Sale: ITAT Sends Matter Back for Fresh Examination
Clipped from: https://taxguru.in/income-tax/cash-deposit-linked-property-sale-itat-sends-matter-fresh-examination.html Ranjit Singh Vs ITO (ITAT Chandigarh) The assessee filed an appeal before the Income Tax Appellate Tribunal, Chandigarh, challenging the order of the
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