Updates Latest Circulars, Notifications, etc. More... Notification No. 120/2024 [F.No. 300196/51/2024-ITA-I] - Section 10(46A)—Exemption to Specified Income of Notified Body/Authority/ Board/ Trusts/Community—National Aviation Security Fee Trust Dated: 19-Nov-2024 Notification No. 119/2024 [F.No. 300196/64/2018-ITA-I (Pt.1)] - Section 10(46A)—Exemption to Specified Income of Notified Body/Authority/ Board/ Trusts/Community—District Legal Service Authority constituted by Government of Haryana for every District in the State of Haryana Dated: 19-Nov-2024 Press Release, dtd. 18-11-2024 - Taxpayers' Lounge of Income Tax Department set up at IITF, 2024 Dated: 18-Nov-2024 Circular No. 17/2024 [F. No. 173/32/2022-IT A-I] - Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC or Form No. 10-ID for Assessment Years 2020-21, 2021-22 and 2022-23 Dated: 18-Nov-2024 Circular No. 16/2024 [F. No. 197/639/2024-ITA-I] - Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A/10/10B/10BB for Assessment Year 2018-19 and subsequent assessment years Dated: 18-Nov-2024 Press Release, dtd. 16-11-2024 - Compliance-Cum-Awareness Campaign for AY 2024-25 Dated: 16-Nov-2024 Notification No. 118/2024 [F.No. 300195/12/2024-ITA-I] - Section 10(46A)—Exemption to Specified Income of Notified Body/Authority/ Board/ Trusts/Community—Petroleum and Natural Gas Regulatory Board Dated: 12-Nov-2024 Press Release, dtd. 05-11-2024 - CBDT successfully achieves target of month long Special Campaign 4.0 Dated: 05-Nov-2024 Latest Articles More... Appeals Power of JCIT (Appeals) and CIT (Appeals)—Recent Developments V.K. Subramani Addition Additions Made on Account of Third Party Statements, Papers Cannot be Made Without Any Corroborative Evidence Akhilesh Kumar Sah Business Expenditure Allowability of Corporate Social Responsibility Spends Srivatsan Ranganathan Reassessment Reassessment Notices under Old and New Scheme : Complete Conclusion Akhilesh Kumar Sah Books of Account Maintenance of Books of Account by Persons Carrying on Business or Profession CS. Preeti Satyani ESOPs The Curious Case of Flipkart ESOP Compensation Srivatsan Ranganathan Penalty Passing of Consolidated Penalty Order Under Section 272A(1)(d) for two Separate Defaults—Validity of CS. Preeti Satyani Income From Undisclosed Sources The Admission of the Assessee in Absence of Any Corroborative Evidence, Whether Can Lead to Addition to Income? Akhilesh Kumar Sah Income Tax View all Atul Sharma v. ACIT Section : 143(3)of 234B 143(2) 142(1) 57(iii) 198 199 2(28A) 194A 194A-(1) Del-Trib -- 13 Nov 2024 Assessee Appeal AllowedITA No. 6055/Del/20182024 TaxPub(DT) 5953 (Del-Trib) Vidyamandir Madhyamic Prashala v. ITO Section : 250 200A/206CB 234E Pune-Trib -- 13 Nov 2024 Assessee Appeal AllowedITA No. 1941/PUN/20242024 TaxPub(DT) 5952 (Pune-Trib) ACIT v. Shalimar Lakecity (P) Ltd. Section : 143(3) 153C 68 Del-Trib -- 13 Nov 2024 Revenue Appeal DismissedITA No. 9104/Del/20192024 TaxPub(DT) 5948 (Del-Trib) Santur Builders (P) Ltd. v. ITO Section : 201(1) 194C 201(1A) 271C 272A(2)(g) 272a(2)(g) 133A Del-Trib -- 13 Nov 2024 Assessee Appeal AllowedITA No. 3449/Del/20242024 TaxPub(DT) 5947 (Del-Trib) Kandy Gold (P) Ltd. v. PCIT Section : 263 143(2) 142(1) Del-Trib -- 12 Nov 2024 Assessee Appeal AllowedITA No. 2562/Del/20242024 TaxPub(DT) 5954 (Del-Trib) Subaida Abdurahiman v. ITO Section : 143(1) 205 Coch-Trib -- 12 Nov 2024 Assessee Appeal AllowedITA No. 342/Coch/20242024 TaxPub(DT) 5950 (Coch-Trib)