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Latest Articles


One Mismatch Away from a Notice: How 3CD–ITR Gaps Trigger Scrutiny

Income Tax : Even genuine reporting differences between Form 3CD and the ITR can attract automated scrutiny. This article explains key reconcil...

June 22, 2026 45 Views 0 comment Print

Why 30 June Matters: Last Date for Section 143(2) Income Tax Scrutiny Notices

Income Tax : The article explains that 30 June is the Department's deadline to issue scrutiny notices for eligible returns, not a filing deadli...

June 22, 2026 54 Views 0 comment Print

Why You Shouldn’t Let AI File Your Income Tax Return Without Professional Review

Income Tax : AI can simplify tax work but cannot replace professional judgment in income tax filing. The article explains why human review rema...

June 22, 2026 51 Views 0 comment Print

Appellate Kill Shot to Reassessment Notices Under Section 148/148A

Income Tax : This article explains why reassessment proceedings may be invalid if the Assessing Officer merely relies on Investigation Wing rep...

June 20, 2026 660 Views 0 comment Print

Every Foreign Asset Is Not a Black Asset: Lessons from Two Recent Tribunal Rulings

Income Tax : The Jaipur Tribunal held that every foreign asset or remittance cannot be treated as undisclosed wealth under the Black Money Act....

June 20, 2026 1101 Views 0 comment Print


Latest News


Advance Tax Collections Grow 15.30% due to Higher Corporate Tax Payments

Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...

June 19, 2026 192 Views 0 comment Print

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 6175 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 282 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 1863 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 3948 Views 1 comment Print


Latest Judiciary


Pune ITAT: BSNL VRS Compensation Fully Exempt u/s 10(10B); Delay in Appeal Condoned

Income Tax : The ITAT held that BSNL employees are entitled to full exemption under Section 10(10B) for compensation received under the 2019 VR...

June 22, 2026 33 Views 0 comment Print

Section 263 Revision Quashed as AO Had Examined Section 80G Claim on CSR Expenses

Income Tax : The ITAT Mumbai held that revision under Section 263 was not justified where the Assessing Officer had examined and consciously al...

June 22, 2026 48 Views 0 comment Print

ESOP Discount Is Allowable Business Expenditure Despite Pending SLP: ITAT Mumbai

Income Tax : The ITAT Mumbai held that ESOP discount is an allowable deduction under Section 37(1), observing that the pendency of an SLP again...

June 22, 2026 66 Views 0 comment Print

Foreign Exchange Gain Is Operating Income as It Arises from Export of Services

Income Tax : The ITAT Delhi held that foreign exchange fluctuation gains arising from export of services must be treated as operating income fo...

June 22, 2026 63 Views 0 comment Print

Section 56(2)(viib) Addition Deleted as Shares Were Allotted to Existing Shareholders

Income Tax : The ITAT held that no addition under Section 56(2)(viib) was warranted where shares were allotted to existing shareholders and no ...

June 22, 2026 72 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 49497 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 783 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 612 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 234 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 192 Views 0 comment Print


Notification No. S.O.311-Income Tax, Dated: 28.11.1985

November 28, 1985 418 Views 0 comment Print

That the said Association will submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing their total income and expenditure and balance-sheet showing its assets and liabilities with a copy of each of these documents to the concerned Commissioner of Income-tax.

Notification No. S.O.310-Income Tax, Dated: 28.11.1985

November 28, 1985 412 Views 0 comment Print

That the said Institute will submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing their total income and expenditure and balance-sheet showing its assets and liabilities with a copy of each of these documents to the concerned Commissioner of Income-tax.

Notification No. S.O.309-Income Tax, Dated: 28.11.1985

November 28, 1985 376 Views 0 comment Print

That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.

Notification No. S.O.199-Income Tax, Dated: 28.11.1985

November 28, 1985 322 Views 0 comment Print

It is hereby notified for general information that the approval granted to Sri Aurobindo Society, Pondicherry, under section 35(1)(iii) of the Income-tax Act, 1961, vide Ministry of Finance (Department of Revenue & Insurance ) Notification No. 108 (F. No. 10/28/67-ITA. II) dated 23-9-1967, is hereby restricted up to 31-12-1985.

Notification No. S.O.313 – Income Tax Dated 28/11/1985

November 28, 1985 462 Views 0 comment Print

Notification No.S.O.313 – Income Tax It is hereby notified for general information that in this Office Notification No. 5091-A dated 17-2-1983 ; This notification contains Corrigendum to Income-tax Act, 1961 carried out on November 28, 1985 not reproduced here as it is already contained in the body of the act itself

Notification No. S.O.466-Income Tax, Dated: 26.11.1985

November 26, 1985 382 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Seva Sangh Samiti, Howrah”, for the purpose of the said section for the period covered by the assessment years 1983-84 to 1985-86.

Notification No. S.O.140-Income Tax, Dated: 26.11.1985

November 26, 1985 295 Views 0 comment Print

In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Shree Rama Vaikunth Temple Trust, Pushkar”, for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88.

Notification No. S.O.139-Income Tax, Dated: 26.11.1985

November 26, 1985 403 Views 0 comment Print

In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Kodalamanickam Devaswom, Irinjalakuda”, for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88.

Notification No. S.O.838(E)-Income Tax, Dated: 19.11.1985

November 19, 1985 433 Views 0 comment Print

This notification contains Amendment to Income-tax (Seventh Amendment) Rules, 1985 carried out on 19th November, 1985 not reproduced here as it is already contained in the body of the rules itself.

Notification No. S.O.480-Income Tax, Dated: 19.11.1985

November 19, 1985 406 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “India International Centre, New Delhi” for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88.

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