Tax Tijori

Section 206C(1H) has been removed from April 1, 2025, and the seller will not have to collect TCS on goods sold. Omission Of Sections 206AB & 206CCA from April 1, 2025. The TCS rates for Timber and other forest produce, other than tendu leaves under section 206C(1) has been reduced to 2% from the previous limit of 2.5%. Enhanced Threshold Limits For TDS and TCS from April 1, 2025. Section 194T requires firms and LLPs to deduct TDS at the rate of 10% if the payments made to partners are more than Rs. 20,000 in a financial year.

INCOME TAX JUDICIARY

Case No

ITA No. 6306/MUM/2024

Held

Proper compliance on part of Assessee during Assessment Stage. ITAT grant relief and Remands Case for Denovo Adjudication.

Authority

Income Tax Appellate Tribunal, Mumbai

Citation

2025-TaxTijori-IT-J-028

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Case No

ITA No. 760/Ahd/2024 Assessment Year:2014-15

Held

ITAT sets aside PCIT’s Revision Order for Failing to provide Adequate Hearing Opportunity and ignoring Submissions of Taxpayer

Authority

Income Tax Appellate Tribunal

Citation

2024-TaxTijori-IT-J-027

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Case No

W.P.(C) 7885/2023 & CM APPL. 30359/2023 (Stay)

Held

Unreasoned approval by PCCIT is not valid for Reopening of Income Tax Assessment.

Authority

High Court

Citation

2024-TaxTijori-IT-J-026

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Case No

(ITA No. 298/RPR/2024) (Assessment Year:2020-21)

Held

No Penalty after Completion of Scrutiny Assessment u/s 143(3) of IT Act, when necessary Evidence is Furnished

Authority

Income Tax Appellate Tribunal

Citation

2024-TaxTijori-IT-J-025

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Case No

ITA No. 680/Ahd/2024 Assessment Year 2010-11

Held

Citing Delay in Filing Appeal Not a Valid Ground for Dismissal. ITAT Remands Back Appeal to CIT(A).

Authority

Income Tax Appellate Tribunal

Citation

2024-TaxTijori-IT-J-024

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Case No

ITA No.4066/Mum/2024 Assessment Year: 2022-23

Held

No addittion of deemed income, if CBDT had extended the deadline.

Authority

Income Tax Appellate Tribunal

Citation

2024-TaxTijori-IT-J-023

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Case No

W.P.Nos.8702 of 2022, 12914 of 2023 & 24554 of 2024 &W.M.P. Nos.8617, 8618 of 2022, 12699 & 12700 of 2023 & 26871, 26872 & 26875 of 2024

Held

Orders issued against deceased and insolvent individual is void

Authority

High Court

Citation

2024-TaxTijori-IT-J-022

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Case No

ITA 52/2023 & CM APPL. 3673/2023

Held

It's mandatory to frame an order in draft before issuing a final assessment order.

Authority

High Court

Citation

2024-TaxTijori-IT-J-021

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Case No

WRIT - C No. - 3880 of 2024

Held

Court has clarified that Poker and Rummy are games of skill, not gambling.

Authority

High Court

Citation

2024-TaxTijori-IT-J-020

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Case No

ITA No. 1484/Del/2024 Asstt. Yr: 2017-18

Held

No penalty for over Income Discrepancy Caused by Auditors Incorrect Recording of WDV in Tax Audit Report

Authority

Income Tax Appellate Tribunal

Citation

2024-TaxTijori-IT-J-019

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Address:

Flat No. 102, Vishwakarma Apartment,
West Amber Talab, Roorkee – 247667

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