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<p>It was regarded by the Orissa HC that the taxpayer was not in good condition and undergoing medical treatment during the notices for his plea was provided and as per that the order was quashed asking obligation for unpaid tax. Considering a case by the Bench consisting of Justices Arindam Sinha and M.S. Sahoo where [&hellip;]</p>

<p>Various experts cited the Centralised Processing Centre (CPC) of the income tax department as making errors in the ITR processing. A representation has been sent by the Karnataka State Chartered Accountants Association (KSCAA) to the CBDT in the same concern. The representation of the KSCAA cited that the CPC has made a mistake in acknowledging [&hellip;]</p>

<p>The Delhi High Court has replied in the affirmative to the question that if section 153C of the Income Tax Act, 1961 limits an assessing officer from investigating apart from the considered documents for deriving satisfaction notes for starting assessment/ re-assessment of the &#8216;other person&#8217;. Section 153C carries a special provision for the assessment of [&hellip;]</p>

<p>The appeal of the income tax officer has been rejected by the Punjab and Haryana High Court asking for the data under the Right to Information Act (RTI Act) associated with Trap Proceeding conducted against him by the Central Bureau of Investigation (CBI). In a corruption case, the Income Tax Officer was convicted and his [&hellip;]</p>

<p>An audit report computing the liability for tax dues is not a notice or an order of determination as reflected u/s 106(1) of the Finance Act, 2013, Delhi High Court ruled. Section 106 cited the person who might make tax dues declaration. It was mentioned under sub-section (1) that any individual may declare his tax [&hellip;]</p>

<p>As per the Delhi High Court, an Assessing Officer (AO) cannot compute the other taxpayer&#8217;s income in a matter where no addition is made on account of the causes for which the reassessment under section 147 of the Income Tax Act 1961 was initiated. Section 147 provides the authority to the AO to calculate or [&hellip;]</p>

<p>The Central Board of Direct Taxes (CBDT) in development has furnished Notification No. 123/2024, dated November 28, 2024, exempting the particular foreign representations and international organizations from the provisions of Section 194N of the Income-tax Act, 1961. As per the exemption entities like diplomatic missions, United Nations agencies, consulates, and honorary consuls, which want tax [&hellip;]</p>

<p>A key part of following the rules for businesses with a certain number of employees is filing their Employee State Insurance (ESI) returns. This process is important to ensure that both the employees and the business are protected and compliant with regulations. The person who is not able to coordinate or makes errors in submitting [&hellip;]</p>

<p>The Karnataka High Court in a ruling has quashed the income tax notice u/s 148 of the Income Tax Act, 1961 and granted the applicant an opportunity to provide the answers to the income tax department as the omission was due to bonafide causes. The writ petition in this matter was furnished via the applicant, [&hellip;]</p>

<p>The High Court of Punjab &amp; Haryana in a case has set aside the income tax notice issued and proceedings initiated without performing the faceless assessment under section 144B of the Income Tax Act, 1961. The petitioner Shikhar Gadh cited that the problem is pertinent to the existing petition stands examined and concluded by the [&hellip;]</p>

<p>Recently, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the PAN 2.0 project. Rs. 1,435 crore has been allocated for the same project by the government, which aims to overhaul the existing PAN/TAN system to rectify the efficiency and assessee convenience. As per Union Minister Ashwini Vaishnaw, a PAN [&hellip;]</p>

<p>In the Lok Sabha, Pankaj Chaudhary, Minister of State for Finance, cited that the amended Section 43B of the Income-tax Act, 1961, introduced in the Union Budget last year, was endorsed via MSME associations in India. The amendment has the motive to address the problem of late payments faced via micro and small enterprises (MSEs), [&hellip;]</p>

<p>The Delhi High Court, &#8216;capital grant subsidy&#8217; which may be extended by the National Highways Authority of India to its contractors is not accountable to TDS deduction u/s 194C of the Income Tax Act, since such grant cannot be construed as payment for a “work”. Deduction of tax at source (TDS) is needed under section [&hellip;]</p>

<p>It was ruled by the Kerala High Court that the income tax authorities through not taking into account a request for a personal hearing have breached the norms of natural justice. It was marked by Justice K. Babu that as of the same breach, the orders have been passed without considering the request of the [&hellip;]</p>

<p>Scrutiny Notice Was Issued In Amalgamating Company&#8217;s Name Despite Dept Knowing Of Amalgamation: Calcutta HC Declines To Apply S.292B Of Income Tax Act The Calcutta High Court despite the Assessing Officer being aware of the company&#8217;s amalgamation has denied applying Section 292B of the Income Tax Act, 1961 to a scrutiny notice issued in an [&hellip;]</p>

<p>The Kerala High Court held that the department cannot reopen a resolved assessment by issuing a fresh notice if the limitation period had expired prior to the amendment that extended the reopening timeline. The Division Bench, comprising Justices A.K. Jayasankaran Nambiar and K.V. Jayakumar, noted that in cases where the previous five-year limitation period had [&hellip;]</p>

<p>The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) rejected the Revenue&#8217;s request because the tax amount of ₹56,31,819 was below the ₹60 lakh limit established by the Central Board of Direct Taxes (CBDT) in Circular No. 09/2024. The Revenue, the appellant, challenged a decision made by the Commissioner of Income Tax (Appeals) on [&hellip;]</p>

<p>The Associated Chambers of Commerce and Industry of India (Assocham) has proposed a unified TDS (Tax Deducted at Source) rate of either 1% or 2% for payments to resident assessees. This recommendation is presented as part of its pre-budget memorandum to the finance ministry. The main purpose of this is to reduce interpretational challenges and [&hellip;]</p>

<p>The Central Board of Direct Taxes (CBDT) gave relief to taxpayers by issuing circular No. 17/2024 on November 17, 2024. As per the circular, taxpayers are allowed the condonation of delays in submitting Form 10-IC and Form 10-ID for the assessment years 2020-21, 2021-22, and 2022-23. This step is taken to ease the burdens faced [&hellip;]</p>

<p>To address the condonation of delay in submitting required income tax forms, Circular No. 16/2024 dated November 18, 2024, has been issued by The Central Board of Direct Taxes (CBDT). These required income tax forms are- Form No. 9A, 10, 10B and 10BB for the Assessment Year (AY) 2018-19 and the following assessment years. The [&hellip;]</p>