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Income Tax Return Filing Due Date Extended: Now ITR can be filed till December 10, only these taxpayers will get the benefit...

If you haven't yet filed your Income Tax Return (ITR), there's some relief. The Central Board of Direct Taxes (CBDT) has ...
Tax Guru

Capital Balance Explained Through Earlier Year’s ITR: ITAT Agra deletes Addition

The ITAT Agra dismissed the Revenue's appeal against the deletion of a ₹2.35 crore unexplained cash credit under Section 68, agreeing that the amount was a closing balance from prior, assessed years.

Retired govt employee claims Rs 20 lakh gratuity tax exemption; I-T Dept imposes Rs 2.2 lakh penalty; ITAT Cochin rules in her favour

A retired state employee successfully challenged a Rs 2.2 lakh penalty imposed for claiming a higher gratuity tax exemption.