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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 315 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 162 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 297 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 96948 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 10254 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 6040 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 1602 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 3720 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 3957 Views 0 comment Print


Latest Judiciary


Income Tax Reopening Quashed as PAN Was Not Properly Transferred to Jurisdictional Officer

Income Tax : Bombay High Court quashed income tax reassessment proceedings after holding that the PAN was not transferred to the competent juri...

June 11, 2026 36 Views 0 comment Print

Scrutiny Assessment Quashed as Section 143(2) Notice Was Issued Without Jurisdiction: Calcutta HC

Income Tax : The Calcutta High Court upheld the ITAT's decision quashing the assessment after finding that the notice under Section 143(2) was ...

June 11, 2026 39 Views 0 comment Print

ITAT Deletes Section 143(1) Adjustment as Revenue Failed to Prove Notice Issuance

Income Tax : The Ahmedabad ITAT held that adjustments under Section 143(1)(a) cannot be sustained without evidence of prior intimation to the a...

June 11, 2026 39 Views 0 comment Print

Section 80J Deduction Denied as Audit Report Was Never Filed: Bombay HC

Income Tax : The Court held that although filing the audit report along with the return is directory, complete failure to furnish the report is...

June 11, 2026 48 Views 0 comment Print

Additional Depreciation Can’t Be Denied for Non-Filing of Form 3AA With Return: SC

Income Tax : The Supreme Court held that filing Form 3AA during assessment proceedings constituted sufficient compliance, even though it was no...

June 11, 2026 36 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 45120 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 564 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


Mumbai High Court dismisses Vodafone plea against Income tax Department on Hutch deal

September 10, 2010 396 Views 0 comment Print

The Bombay High Court on Wednesday dismissed Vodafone International’s plea challenging the I-T Department Rs. 12,000 crore demand in tax and penalty on USD 11 billion takeover of Hutchison Telecom. This judgement could impact foreign companies buying

Cross Boarder transactions are subject to tax in India – HC in Vodafone

September 10, 2010 564 Views 0 comment Print

The Bombay High Court has dismissed a petition filed by Vodafone International Holdings against the tax department, saying the transaction is chargeable to income tax and the department has the jurisdiction over cross-border mergers since the assets lies in India.

Taxpayers Filing I-T Returns Electronically are required to mail ITR-V for AY 2009-10 to CPC Bengaluru by 31/12/2010

September 10, 2010 561 Views 0 comment Print

PRESS RELEASE NO. 402/92/2006-MC (40 OF 2010) The Central Board of Direct Taxes have extended the time limit for filing ITR-V forms relating to income tax returns filed electronically (without digital signature) for the assessment year (AY) 2009-10 up to 31st December 2010, or 120 days from the date of filing, whichever is later.

S. 195 Samsung Electronics Reversed By Supreme Court

September 9, 2010 477 Views 0 comment Print

The Bombay High Court on Wednesday dismissed Vodafone International’s plea challenging the I-T Department Rs. 12,000 crore demand in tax and penalty on USD 11 billion takeover of Hutchison Telecom. This judgement could impact foreign companies buying assets involving India firms. The court, however, gave liberty to Vodafone to argue before the tax department that […]

Income tax Department, Mumbai collects Rs 34,000 crore as Direct Tax

September 9, 2010 384 Views 0 comment Print

The Mumbai region of Income Tax Department which has been assigned a direct tax collection target of Rs 1,50,480 crore for the current financial year, has already collected Rs 34,000 crore, which is over a third of the all-India collection.

Vodafone verdict may discourage foreign investments routed through tax havens

September 9, 2010 507 Views 0 comment Print

The Bombay High Court’s verdict in the Vodafone case will not impact fund flows from countries like the US and Japan, but it will help discourage foreign investments that are routed through various tax havens, legal experts said today.

DTC may adversely affect the SEZS

September 9, 2010 735 Views 0 comment Print

The proposed Direct Taxed Code (DTC) is likely to adversely affect the exponential rise in exports from special economic zones (SEZs). Exports from SEZs rose 68 per cent during the April-June period to Rs 58,685.46 crore, compared to the correspondin

Private higher educational institutions have to disclose their income and expenditure

September 8, 2010 1021 Views 0 comment Print

Private higher educational institutions will have to disclose their income and expenditure in a standard format and make them public in line with corporate-style accounting and auditing norms being readied by the human resource development (HRD) min

DTC brings life insurance, health cover under one clause and reduced the overall deduction to Rs. 50000

September 8, 2010 910 Views 0 comment Print

The Direct Tax Bill has proposed to introduce a new investment scheme to avail of tax exemption. In this scheme, an investor can invest up to Rs 50,000 in life insurance policies, health insurance and children’s tuition fees. One can also invest up

CBI denied permission to prosecute tainted income tax officials

September 8, 2010 684 Views 0 comment Print

The Central Vigilance Commission (CVC) has denied Central Bureau of Investigation (CBI) the permission to initiate criminal prosecution against two income tax (I-T) officials for releasing diamonds impounded during a 2006 raid without proper orders.

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