📰November 2025 Newsletter (Direct Tax)

This month’s edition from S K Patodia & Associates LLP features:

📅 Important Compliance Due Dates (Direct Tax)

✅TDS/TCS deposits, challan-cum-statements, and certificates

✅Extended due dates for Tax Audit Reports and ITR filing (AY 2025–26) as per CBDT Circular No. 15/2025.

✅Key Income Tax Rulings, including case laws on:

• Alternative for India Development vs ITO: Exemption under Section 11 cannot be denied for a clerical error in return filing.
• ACIT vs Lahari Holiday Homes (P.) Ltd.: Revised return opting for Section 115BAA regime is valid and substitutes the original return.
• Masoomeen Education Society vs CIT(A): Exemption under Section 11 allowed even if Form 10B was filed belatedly but before assessment.
• PCIT vs Ramelex (P.) Ltd.: Addition for bogus purchases restricted to 15% due to lack of cross-examination and violation of natural justice.

👉 Get expert insights and stay tax-compliant.

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