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Latest Articles


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 618 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 1086 Views 0 comment Print

Old vs New Tax Regime: Complete Comparison of Deductions & Tax Benefits

Income Tax : This guide compares the Old and New Tax Regimes, explaining differences in deductions, exemptions, home loan benefits, and standar...

June 20, 2026 603 Views 0 comment Print

Nil LTCG Tax or Higher Demand? Section 112 Utility Computation Sparks Legal Debate

Income Tax : The article explains how different interpretations of Section 112 may produce either nil tax or a positive tax liability for the s...

June 20, 2026 2151 Views 0 comment Print

ITAT Grants TDS Credit Despite Employer’s Failure to Deposit Tax with Government

Income Tax : ITAT Mumbai held that an employee cannot be denied TDS credit merely because the employer failed to deposit the tax deducted from ...

June 20, 2026 147 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 6172 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 Deletes ₹1.14 Crore Addition Based Solely on Hawala Operator’s Statement; Cross-Examination Denial Proves Fatal

Income Tax : The ITAT ruled that approval from the Principal Chief Commissioner/Chief Commissioner is mandatory for reopening assessments beyon...

June 22, 2026 Views 0 comment Print

No denial of scientific research deduction allowed for procedural delay when DSIR approval existed: ITAT deleted ₹2.07 Crore disallowance

Income Tax : A belated filing of Form 3CLA was a curable procedural defect and could not deprive an assessee of weighted deduction under sectio...

June 22, 2026 90 Views 0 comment Print

Orissa HC Quashes Section 143(2) Notice as It Was Issued Without Jurisdiction

Income Tax : The Orissa High Court held that the Section 143(2) notice was issued by an authority lacking jurisdiction and set it aside. The Co...

June 21, 2026 585 Views 0 comment Print

FMV of Surrendered Tenancy Rights Is Cost of Acquisition for Redeveloped Property: ITAT Mumbai

Income Tax : The Mumbai ITAT held that ownership premises received under a redevelopment scheme are acquired in exchange for valuable tenancy r...

June 21, 2026 537 Views 0 comment Print

Section 80-IB Deduction Denied as Housing Project Covered Less Than One Acre: ITAT Cochin

Income Tax : The Cochin Bench held that the minimum one-acre condition must be satisfied by the land comprising the approved housing project it...

June 21, 2026 147 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 49473 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 777 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 231 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


Circular No. 438-Income Tax Dated 11-11-1985

November 11, 1985 417 Views 0 comment Print

Circular No. 438-Income Tax Adopting States subsequently added in Schedule I – Notification under sub-section (2)

Notification No. S.O.5599-Income Tax, Dated: 08.11.1985

November 8, 1985 370 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 “Baba Kali Kamliwala Panchayat Kshetra, Rishikesh”, for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88.

Notification No. S.O.464-Income Tax, Dated: 08.11.1985

November 8, 1985 328 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 “Harijan Ashram Trust, Ahmedabad”, for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88.

Notification No. S.O.465-Income Tax, Dated: 08.11.1985

November 8, 1985 355 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 “Father Muller’s Chartiable Institutions, Mangalore”, for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88.

Notification No. S.O.5644-Income Tax, Dated: 06.11.1985

November 6, 1985 349 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.5508-Income Tax, Dated: 06.11.1985

November 6, 1985 331 Views 0 comment Print

In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Shri Dharmalingeswarar Temple, Sarvamangala Nagar, Madras”, to be a place of public worship of renown throughout the State of Tamil Nadu.

Notification No. S.O.5643-Income Tax, Dated: 01.11.1985

November 1, 1985 376 Views 0 comment Print

That the said Association 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.5507-Income Tax, Dated: 30.10.1985

October 30, 1985 337 Views 0 comment Print

In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Sri Virupaksha Vidyaranya Mutt Samsthanam, Hospet”, to be a place of public worship of renown throughout the State of Karnataka.

Notification No. S.O.5382-Income Tax, Dated: 29.10.1985

October 29, 1985 445 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 “Ramakrishna Vedanta Math, Calcutta”, for the purpose of the said section for the period covered by the assessment years 1984-85 to 1987-88.

Notification No. S.O.304-Income Tax, Dated: 29.10.1985

October 29, 1985 568 Views 0 comment Print

Central Institute of Agricultural Engineering, Addl. A-Block, IInd Floor, Guru Tegh Bahadur Complex, T.T. Nagar, Bhopal-462 003.

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