Here is another judgement on S.87A rebate on special income under new tax regime.
Here is another judgement on S.87A rebate on special income under new tax regime. The judgements on S.87A rebate is of help for all those assesses who were left at the discretion of revenue authorities by the High Court. These judgements will be helpful to those small taxpayers who were left with no option… […]
Intimation under Section 143(1) cannot be issued after 9 months from the end of the FY in which the return is filed: ITAT
Intimation under Section 143(1) cannot be issued after 9 months from the end of the FY in which the return is filed: ITAT A recent ITAT Delhi decision clarifies that intimation under Section 143(1) must be sent within the limitation period prescribed by law. In ITA No. 4780/Del/2024 (BPTP Limited v. DCIT, AY 2021-22),… […]
Section 115BAA overrides all rate provisions, potentially disregarding special tax treatments under sections like 111A, 112, and 115BB: Delhi ITAT
Section 115BAA overrides all rate provisions, potentially disregarding special tax treatments under sections like 111A, 112, and 115BB: Delhi ITAT Now, recent Delhi ITAT decision on section 115BAA and 22% Tax on Capital Gains prompts discussion. The Delhi ITAT’s decision in Maharishi Education Corporation P. Ltd. v. ITO [2025] 179 taxmann.com 698 (Del.) has sparked discussion… […]
ITAT deleted addition due to invalidity of proceedings under Sections 147/148 and improper transfer under Section 127
ITAT deleted addition due to invalidity of proceedings under Sections 147/148 and improper transfer under Section 127 Hon’ble ITAT, Indore in the case of M/s. Shakshi Township Pvt. Ltd. (AY 2011-12) has quashed the reassessment order solely on jurisdictional grounds, highlighting the invalidity of proceedings under Sections 147/148 and improper transfer under Section 127…. […]
TDS not applicable on commission to NRI agents procuring foreign customers
TDS not applicable on commission to NRI agents procuring foreign customers In a recent case, AO made disallowance u/s 40(a)(i) for not deducting TDS on commission paid to non-resident agent for procuring foreign customers. CIT(A) also upheld the disallowance. On further appeal, the Hon’ble ITAT appreciated our submissions that the NRI agent has no… […]
AO neither rejected the books nor conducted verification under Section 133(6): ITAT deleted addition under Section 68
AO neither rejected the books nor conducted verification under Section 133(6): ITAT deleted addition under Section 68 Demonetisation Cash Deposits Fully Explained – ITAT Hyderabad Deletes ₹96.26 Lakh Addition Under Section 68, Accepts Books & Debtor Confirmations as Genuine The ITAT Hyderabad deleted an addition of ₹96.26 lakh made under Section 68 for cash deposits during… […]
Both JAO and FAO have concurrent jurisdiction to initiate reassessment proceedings under section 148
Both JAO and FAO have concurrent jurisdiction to initiate reassessment proceedings under section 148 The petitioners filed an instant writ petition and contended that the Faceless Assessing Officer (FAO) would have the jurisdiction to initiate reassessment proceedings under section 148.The petitioners submitted that multiple judicial pronouncements stated that it was the FAO, that should… […]
Condonation of Delay under Section 119(2)(b) – CBDT Circular Cannot Override Substantive Right to Refund: HC
Condonation of Delay under Section 119(2)(b) – CBDT Circular Cannot Override Substantive Right to Refund: HC Santhana Krishnan (WP No. 21071 of 2025) Facts: 1. Petitioner is a Non-Resident Indian (resident of United States) who sold immovable property in FY 2022–23 and deducted & remitted tax, but failed to file return u/s 139. 2. … […]
Taxation of Joint Development Agreements (JDAs) in the Context of the New Income Tax Act, 2025:
Taxation of Joint Development Agreements (JDAs) in the Context of the New Income Tax Act, 2025: Introduction: This note outlines the current and prospective tax framework for Joint Development Agreements (JDAs), confirming the continuity of established provisions following the enactment of the new Income Tax Act, 2025. The core mechanism for taxing capital gains… […]
Madras High Court Quashes Reassessment as Time-Barred and Without Jurisdiction:
Madras High Court Quashes Reassessment as Time-Barred and Without Jurisdiction: Tamilselvi v. ITO Facts: 1. Notices under Sections 148A(b) and 148 were issued in the transitional phase after the 2021 amendment to the reassessment provisions. 2. The petitioner challenged the validity of these notices and consequential orders as: Time-barred in light of the Supreme… […]
