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Premium Above 20%? ITAT Denies Section 10(10D) Exemption on LIC Maturity; Holds Entire Amount Taxable

Premium Above 20%? ITAT Denies Section 10(10D) Exemption on LIC Maturity; Holds Entire Amount Taxable The ITAT Chhattisgarh held that when the premium amount exceeds...

ITAT Sets Aside Rs 92.67 Crore Income Tax Addition for Violation of Natural Justice

ITAT Sets Aside Rs 92.67 Crore Income Tax Addition for Violation of Natural Justice The ITAT Kolkata condoned the delay of 58 days in filing...

ITAT Curbs Rs 1.47 Cr Addition to Rs 10 Lakh, Rejects 115BBE Applicability to Avoid Double Taxation

ITAT Curbs Rs 1.47 Cr Addition to Rs 10 Lakh, Rejects 115BBE Applicability to Avoid Double Taxation ITAT Delhi held that, even though the assessee...

Sagility Limited Faces About Rs 100 Crore Income Tax Demand Over Transfer-Pricing Adjustments

Sagility Limited Faces About Rs 100 Crore Income Tax Demand Over Transfer-Pricing Adjustments Sagility Limited has informed the Stock Exchanges of India that it has...

Tax Demand Against Physicswallah Limited Reduces to Rs 192.76 Crore; Company plans to File Appeal Before CIT(A)

Tax Demand Against Physicswallah Limited Reduces to Rs 192.76 Crore; Company plans to File Appeal Before CIT(A) Physicswallah Limited, in its recent disclosure to stock...

Rs 22 Crore Fake ITC Scam: Panipat Youth Denied Bail in Bogus Firm Network Case

Rs 22 Crore Fake ITC Scam: Panipat Youth Denied Bail in Bogus Firm Network Case The court has rejected a bail application of a 21-year-old...

EPFO Releases Clarification for Transition from Income Tax Form 15G/15H To Unified Form 121

EPFO Releases Clarification for Transition from Income Tax Form 15G/15H To Unified Form 121 The Employees Provident Fund Organisation (EPFO) under the Ministry of Labour...

Goodbye Multiple TDS Forms! IT Dept Notifies New Unified Form 141; Effective April 2026

Goodbye Multiple TDS Forms! IT Dept Notifies New Unified Form 141; Effective April 2026 The Income Tax Department has notified a new combined challan-cum-statement called...

ITAT Holds Tax Interpretation Differences Don’t Attract Penalties; Deletes Section 271 Penalty

ITAT Holds Tax Interpretation Differences Don’t Attract Penalties; Deletes Section 271 Penalty The ITAT Ahmedabad, in a recent key ruling, flagged that penalties cannot be...

Section 80P Deduction Cannot Be Denied Solely for Lack of Documentary Evidence: ITAT

Section 80P Deduction Cannot Be Denied Solely for Lack of Documentary Evidence: ITAT The ITAT Chennai holds that the lower authorities cannot disallow deduction under...

CBDT Notifies Corrigendum to ITR Form 6 [Read Notification]

CBDT Notifies Corrigendum to ITR Form 6 The Central Board of Direct Taxes (CBDT) under the Ministry of Finance (Department of Revenue) has issued...

Govt Approves Establishment of Startup India Fund of Funds 2.0 With Corpus of Rs 10,000 Crore

Govt Approves Establishment of Startup India Fund of Funds 2.0 With Corpus of Rs 10,000 Crore In accordance with a recently issued notification by the...

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