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Latest Articles


8 Legal Ways to Save Income Tax in India for Business Owners & Freelancers

Income Tax : The article outlines practical methods through which business owners and professionals can legally minimise their tax burden. It h...

June 10, 2026 165 Views 0 comment Print

Section 54 Exemption for Capital Gains on Residential Property Transfer

Income Tax : Section 54 grants exemption on long-term capital gains from the sale of a residential house because the proceeds are reinvested in...

June 10, 2026 95391 Views 4 comments Print

E-Payment of Direct Taxes: Simplifying Tax Payments

Income Tax : The Income-tax Act mandates e-payment of direct taxes for companies and taxpayers covered under Section 44AB, while others may opt...

June 10, 2026 9975 Views 0 comment Print

All about Form 16 and 16A of TDS

Income Tax : Form 16 and Form 16A serve distinct purposes under the TDS framework, with Form 16 relating to salary income and Form 16A covering...

June 10, 2026 26649 Views 1 comment Print

Permanent Account Number (PAN)

Income Tax : Permanent Account Number (PAN) serves as a unique identifier enabling the Income-tax Department to track tax payments, returns, TD...

June 10, 2026 599055 Views 11 comments Print


Latest News


Income Tax Superintendent Caught by CBI in Bribery Case Linked to PAN Deletion

Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...

June 6, 2026 6031 Views 0 comment Print

ITAT Prioritizes Old Appeals as Rising Pendency Requires Urgent Disposal Measures

Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...

June 5, 2026 225 Views 0 comment Print

Request for Rationalisation and Merger of TDS Return Codes 1023 & 1024

Income Tax : A representation has urged CBDT to merge TDS return codes 1023 and 1024, arguing that both apply to the same contract payments wit...

June 4, 2026 1593 Views 0 comment Print

Reduce CASS 2026 Scrutiny Cases Due to New Income Tax Act Transition Challenges: ITGOA

Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...

May 21, 2026 3687 Views 1 comment Print

Representation for timely release of e-filing utilities for ITR for AY 2026-27

Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...

May 13, 2026 3951 Views 0 comment Print


Latest Judiciary


Benami Appeals Restoration Upheld as Tribunal Acted on SC’s Review Order

Income Tax : The Rajasthan High Court held that an order restoring appeals through review proceedings is not separately appealable under the Be...

June 10, 2026 9 Views 0 comment Print

Bangalore ITAT: Excess Stock Found During Survey Is Business Income, Not Deemed Income u/s 69A

Income Tax : The ruling emphasizes that undisclosed business receipts and stock arising from an existing business cannot automatically be chara...

June 10, 2026 33 Views 0 comment Print

ITAT deleted ₹90 Lakh on-money addition based on unsigned property agreement and unauthenticated search material

Income Tax : Addition of ₹90 lakh made under section 69A towards alleged cash payment for purchase of property as well as the addition made u...

June 10, 2026 39 Views 0 comment Print

Bangalore ITAT: CSR Donations Eligible for Section 80G Deduction; No 14A Disallowance When No Exempt Income Earned

Income Tax : The Tribunal noted that donations to Swachh Bharat Kosh and Clean Ganga Fund made towards CSR obligations are specifically exclude...

June 10, 2026 54 Views 0 comment Print

No Addition for ‘Bogus Purchases’ When Exports, Stock Records and Quantitative Tally Match

Income Tax : The Tribunal emphasized that detailed quantitative reconciliation and accepted export realizations carried substantial evidentiary...

June 10, 2026 63 Views 0 comment Print


Latest Notifications


CBDT Issues Complete Income Tax Scrutiny Guidelines for FY 2026-27

Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...

June 7, 2026 44508 Views 1 comment Print

Income-Tax (Amendment) Commencement Ordinance, 2026

Income Tax : The Ordinance exempts interest income and capital gains arising from Government securities for Foreign Institutional Investors and...

June 6, 2026 558 Views 0 comment Print

CBDT Notifies Infrastructure Sub-Sectors as Eligible Businesses Under Income Tax Act 2025

Income Tax : The Central Government has specified infrastructure sub-sectors from the Updated Harmonised Master List as eligible businesses und...

June 2, 2026 483 Views 0 comment Print

CBDT Approves National Institute of Advanced Studies as Scientific Research Institution  

Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, enabling eligible donations to qualify for tax benef...

May 30, 2026 165 Views 0 comment Print

CBDT Approves S. Nijalingappa Sugar Institute for Scientific Research Tax Benefit Eligibility 

Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, allowing eligible donations to qualify for tax benef...

May 30, 2026 138 Views 0 comment Print


CSR Contributions Eligible Under Section 80G: ITAT Mumbai

July 13, 2025 1137 Views 0 comment Print

ITAT Mumbai allows CSR expense deductions under Section 80G, clarifying limits of Explanation 2 to Section 37(1) for AY 2015-16.

Advances for Shelved Project is a Revenue Expense: Bombay HC

July 13, 2025 627 Views 0 comment Print

Bombay High Court rejects Revenue’s appeal against Tata Chemicals Ltd for AY 2000-01, citing consistent rulings on advertisement, VRS, and project expenditure.

ITAT Delhi Backs Assessee on NSEL Bad Debt Claim

July 13, 2025 555 Views 0 comment Print

ITAT Delhi upholds Syed Habibur Rehman’s ₹1.5 Cr NSEL bad debt claim, citing post-1989 law: proving irrecoverability not required if written off.

Section 68 Amendment on Creditor’s Source Applies from AY 2023-24

July 13, 2025 1653 Views 0 comment Print

ITAT Delhi quashes ₹2.2 crore tax addition on Mall Hotel Ltd., ruling assessee not obligated to prove source of source for A.Y. 2006-07.

No Condition in Section 68 on Loan Source from Current Year’s Taxable Income

July 13, 2025 7989 Views 0 comment Print

ITAT Delhi deletes Section 68 additions on unsecured loans for Prayag Polytech, stating assessee proved identity, creditworthiness, and genuineness.

US “Tax Reform 2025” Bill Signed into Law, Bringing Extensive Changes

July 13, 2025 1380 Views 0 comment Print

President Trump’s “Tax Reform 2025” bill introduces extensive changes to US individual and business tax laws, affecting deductions, credits, and exemptions.

ITAT Quashes Reassessment as AO Lacked Jurisdiction over assessee’s case

July 12, 2025 4533 Views 0 comment Print

ITAT Raipur nullifies Mir Zardari Qureshi’s assessment, ruling original Section 148 notice issued by non-jurisdictional officer was invalid.

Delhi HC Quashes Reassessment Over Improper Sanction

July 12, 2025 1107 Views 0 comment Print

Delhi High Court sets aside an income tax reassessment for AY 2016-17, ruling the sanction by PCIT was invalid as it required approval from a higher authority.

ITAT Mumbai Quashes ₹2.23 Cr Addition for Lack of Reassessment Approval

July 12, 2025 963 Views 0 comment Print

ITAT Mumbai quashes Rs. 2.23 crore tax addition on Anil Jaggi, citing invalid approval for reassessment, a key procedural lapse.

No Addition Without Corroboration for Common Names on Seized Papers

July 12, 2025 3723 Views 0 comment Print

ITAT Pune deletes ₹5.1 Cr income tax addition against Pradeep Runwal, ruling loose papers from a third-party search lacked corroborative evidence.

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