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Latest Articles


ITR Filing 2026: Important Due Dates, Budget 2026 Updates & Strategies

Income Tax : Budget 2026 has extended the due dates for ITR-3, ITR-4, and revised returns, offering taxpayers greater flexibility. Understandin...

June 10, 2026 633 Views 0 comment Print

Sikkim: India’s Only Income Tax-Free State and the Law Behind It

Income Tax : Relocating to Sikkim does not automatically exempt you from income tax. This article explains who qualifies under Section 10(26AAA...

June 10, 2026 240 Views 0 comment Print

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 381 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 97281 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 10299 Views 0 comment 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 6055 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 231 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 1617 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 3738 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 3966 Views 0 comment Print


Latest Judiciary


ESOP Discount Allowed as Liability Accrues Over Vesting Period: ITAT Bangalore

Income Tax : The ITAT Bangalore upheld deduction of ESOP expenditure under Section 37, holding that the liability arising from employee stock o...

June 11, 2026 12 Views 0 comment Print

No Section 68 Addition for Demonetization Cash Deposits Supported by Recorded Sales: ITAT Delhi

Income Tax : The ITAT Delhi held that cash deposits during the demonetization period could not be treated as unexplained credits when they orig...

June 11, 2026 18 Views 0 comment Print

Appeal Dismissal Under Section 249(4)(b) Invalid Without Advance Tax Liability: ITAT Hyderabad

Income Tax : ITAT Hyderabad held that dismissal of an appeal under section 249(4)(b) was unjustified where the assessee claimed that the receip...

June 11, 2026 24 Views 0 comment Print

CIT(E) Cannot Judge Hospital Tariffs to Decide Charity: ITAT Restores Reliance Hospital Trust’s U/s 12AB Registration

Income Tax : The Tribunal ruled that premium rooms, higher tariffs, and specialized medical facilities cannot by themselves establish a profit ...

June 11, 2026 Views 0 comment Print

ITAT Upholds FBT Additions on Employee-Related free tickets, hospitality, conveyance, goods & lodging

Income Tax : The ITAT Delhi held that free tickets, hospitality, conveyance, goods, and lodging expenses attracted Fringe Benefit Tax under the...

June 11, 2026 24 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 45309 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 576 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 492 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


ITAT Bangalore Remands MJN Foundation’s 80G Application

January 31, 2025 516 Views 0 comment Print

ITAT Bangalore remands MJN Foundation’s 80G application after rejection for non-compliance. CIT(E) to reconsider after providing a fair hearing.

Prosecution Quashed Due to COVID-19 Related Delay in TDS/TCS Deposit

January 31, 2025 1149 Views 0 comment Print

The Orissa High Court quashed prosecution against Kashvi International for delayed TDS deposit, citing COVID-19 and financial hardship as reasonable causes.

Addition for Undisclosed Investments is Valid if Assessee Fails to Discharge Burden of Proof

January 31, 2025 513 Views 0 comment Print

Telangana HC rules that the assessee failed to discharge the burden of proof for undisclosed investments during block assessment, upholding the addition.

Taxpayer is entitled to raise additional claims before appellate authority: ITAT Delhi

January 31, 2025 942 Views 0 comment Print

ITAT Delhi held that taxpayer is entitled to raise additional claims before appellate authority hence claim for exemption under section 10(15)(iv)(h) for the first time vide additional ground is allowed and matter set aside to file of AO for examining the claim.

Section 270AA(2) Immunity cannot be denied for Belated Form-68 Application: ITAT Bangalore

January 31, 2025 2217 Views 0 comment Print

Read the full text of the ITAT Bangalore order in the DACSS Granites Pvt. Ltd. case. The tribunal rules that immunity under Section 270AA(2) cannot be denied due to a belated Form-68 application.

AO who issued notice u/s. 148 of old Act is required to pass an order under new scheme

January 31, 2025 1227 Views 0 comment Print

Punjab and Haryana High Court held that the same assessing officer is required to pass an order under the new scheme after giving notice under Section 148 of the old Act. Thus, all the writ petition are dismissed.

Section 12AB registration & 80G approval: ITAT grants another Opportunity to Trust

January 31, 2025 705 Views 0 comment Print

ITAT Delhi remits the case back to CIT Exemption, Lucknow, allowing the Dhananjay Sanjogta Foundation to submit documents for trust registration and 80G approval.

No addition of undervaluation of Closing Stock when AO failed to reject books of accounts

January 31, 2025 924 Views 0 comment Print

CIT (A) was right in its decision to delete the addition of Rs. 2.92 crore made by AO under Section 69B for alleged undervaluation of closing stock as the books of accounts was not rejected, therefore, the observation of AO that the same were not reliable.

Section 12AB Application filed under wrong section: ITAT Mumbai Allows Charitable Trust to Refile 

January 31, 2025 951 Views 0 comment Print

ITAT Mumbai permits a charitable trust to correct a filing error in its 12AB registration application, ruling that technical mistakes should not lead to rejection.

Deduction u/s. 54F admissible even is sale deed executed after period of two years

January 31, 2025 813 Views 0 comment Print

ITAT Pune held that deduction under section 54F of the Income Tax Act admissible even if assessee is shareholder in developing company and sale deed has been executed after a period of two years. Accordingly, appeal of revenue dismissed.

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