The Tribunal set aside the appellate order after finding that no enquiry was conducted despite clear evidence in Form 26AS. The ruling underscores that undisputed pension income cannot be ignored ...

Although Direct File will no longer be available in 2026, there are still numerous online tools and apps that offer free tax ...

A wave of financial reforms rolled out in 2025 is set to reshape how Indians save, invest and plan their money in 2026. From ...

The tribunal held that delay in filing Form 10BB is only a procedural lapse and not a substantive bar to exemption. Where the audit report was available before processing, denial of section 11 ...

ITAT Mumbai ruled that Form 26AS is not conclusive when deduction of tax is otherwise established. Denial of TDS credit would amount to double taxation, which Section 205 expressly ...

Delhi GST allows taxpayers to correct past ITC denials caused solely by Section 16(4) time limits, applying Section 16(5)/(6) ...

The year, 2025, was by all accounts, quite an eventful year. Apart from being the prelude to the presidential election year, which usually has its own dynamics, we witnessed many unprecedented ...

The tribunal ruled that section 263 cannot be invoked merely because the Commissioner believes further enquiry was possible.

The ITAT ruled that an inadvertent mistake in selecting the assessment year while filing Form 10AB cannot defeat an existing valid registration. Mechanical rejection without record verification was ...

The U.S. states with the worst EV incentives include West Virginia, Mississippi, Arkansas, Kentucky, Alabama, Alaska, Hawaii, ...

The case involved a challenge to an assessment order that was later revised under rectification provisions. The Court ruled that once rectified, the original demand ceases to exist and cannot be ...

The issue was whether unsecured loan additions under section 68 could survive based solely on investigation reports and third-party statements. ITAT held that without independent enquiry and nexus to ...