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. last date to file the MSME form 1 for October 2024 to March 2025 is April 30, 2025. Any default in filing the form within the time frame will attract a penalty of ₹20,000. 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

W.P.(C) 17660/2024

Held

Notice u/s 148A(b) of Income Tax Act, citing Bar by Limitation. Delhi High Court Setaside the order.

Authority

High Court Delhi

Citation

2025-TaxTijori-IT-J-031

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Case No

ITA No. 2638/KOL/2024

Held

Hypothecated Stock Disclosure to Bank cannot be a solely ground for addittion of income. ITAT grant relief.

Authority

ITAT Kolkata

Citation

2025-TaxTijori-IT-J-030

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Case No

W.P.(C) 16459/2024, CM APPL. 69455/2024 & CM APPL. 69456/2024

Held

The reassessment powers given under Sections 147 and 148 must adhere to the statutory provisions laid down by the IT Act, as this is essential for equitable justice

Authority

High Court Delhi

Citation

2025-TaxTijori-IT-J-029

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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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