ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
22 Jun, 2026, 09.25 AM IST
Balance sheet trick: Decoding another manipulation, and how to spot a bad apple in your portfolio before othersThere is one line in the accounts that most investors skip because it looks routine. But behind that line can sit disputed demands, old los...
20 Jun, 2026, 09.23 PM IST
As India's R&D faces funding & talent crunch, Niti panel suggests 50+ fixesIndia's research and development spending lags behind global leaders. A Niti Aayog report highlights funding issues and bureaucratic delays...
21 May, 2026, 01.03 AM IST
Zero income tax on Rs 15 lakh CTC? Here’s how these allowances and perks can cut your tax under new tax regimeSalaried individuals can significantly reduce their tax liability under the new tax regime by strategically utilizing allowances and perqui...
13 May, 2026, 04.59 PM IST
Lady took loan for investment into venture capital fund, claimed Rs 1.49 crore interest deduction, was denied by I-T dept; ITAT allows it in a landmark rulingA lady won a tax case in ITAT Mumbai. She claimed Rs 1.49 crore interest deduction on a loan taken for Venture Capital Fund investments. Th...
09 May, 2026, 07.11 AM IST
I-T appellate body upholds rejection of Paisabazaar’s Rs 145.91 crore expense claimPaisabazaar has received an order disallowing expenses worth Rs 145.91 crore for FY23 and FY22. The Commissioner of Income Tax (Appeals) up...
01 May, 2026, 08.44 PM IST
Delhi High Court asks CBDT to clarify tax on partners’ bonuses, stays recoveryTax authorities nationwide are demanding taxes on partner bonuses and performance pay. Professional firms argue this income is already taxe...
04 Apr, 2026, 11.06 AM IST
Central Bank of India gets Rs 296-cr demand notice from Income Tax DeptCentral Bank of India has received a Rs 296.08 crore demand notice from the Income Tax Department for a tax shortfall in FY25. The bank is ...
31 Mar, 2026, 04.33 PM IST
Tata Capital served Rs 413 crore tax notice, plans to contest reassessmentTata Capital has received a tax demand of Rs 413.18 crore for the financial year 2017-18. The demand includes interest and arises from alle...
22 Mar, 2026, 05.31 PM IST
Taxpayer earned Rs 81 crore tax-exempt income; I-T dept disallowed tax exemption on Rs 17 crore; Taxpayer fights and wins case in ITAT DelhiA notable victory has been achieved in the tax arena as a taxpayer triumphed at ITAT Delhi, overcoming a significant hurdle with the Income...
18 Dec, 2025, 11.38 AM IST
Aishwarya Rai Bachchan wins Rs 4 crore income tax battle in ITAT Mumbai; Know how disallowance of income worksAishwarya Rai Bachchan has won a significant income tax battle in ITAT Mumbai. The tax department had sought to disallow Rs 4 crore in expe...
06 Nov, 2025, 04.47 PM IST
Delhi HC sets aside IT tribunal’s order refusing stay on Rs 1,214 crore tax demand levied on Samsung IndiaThe Delhi High Court has set aside the ITAT's order refusing Samsung India's stay application on a Rs 1,214 crore tax demand for the assess...
02 Dec, 2024, 09.06 PM IST
TP Ostwal on how new tax laws will help MSMEs and its pitfallsTP Ostwal highlights the risks of delayed payments to MSMEs, urging timely settlements within 45 days to avoid disallowances and hefty tax ...
01 Apr, 2024, 01.12 PM IST
Budget 2022 has removed this tax deduction for current financial year alsoSection 14A provides for disallowance of deduction in respect of expenditure incurred by an assessee to earn tax-exempt income. The controv...
16 Feb, 2022, 09.56 AM IST
4 ways Budget 2022 has tightened income tax netHere is a look at proposals announced in Budget 2022 to tighten various income tax provisions.
04 Feb, 2022, 01.57 PM IST
Taxman disallows AMP deductions sought by MNCsTax experts point out that it is for the first time that the department is using Section 37 for disallowing advertising, marketing, sales p...
25 May, 2018, 01.03 PM IST
- TDS shortfall due to an error is no reason to disallow it: HC
The division bench that made the ruling comprised Justice Girish Chandra Gupta and Justice Mrinal Kanti Sinha.
03 Jan, 2013, 12.13 PM IST