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Latest Articles


Request to Implement Foreign Assets Disclosure Scheme 2026

Income Tax : Representation urges notification, rules, forms and e-filing facility for FAST-DS under the Finance Act, 2026, along with clarific...

July 22, 2026 83 Views 0 comment Print

Crypto Futures Tax in India: How Speculative Treatment Can Reduce Tax

Income Tax : Article explains possible tax treatment of crypto perpetual futures, comparing Sections 43(5), 73 and 115BBH, turnover, valuation ...

July 22, 2026 93 Views 0 comment Print

Section 143(2) Notice Not Invalid for Omitting Scrutiny Category: ITAT Bengaluru

Income Tax : ITAT Special Bench held that omission of scrutiny category in a Section 143(2) notice is a procedural defect curable under Section...

July 22, 2026 96 Views 0 comment Print

Beware of Fake ‘Tax Authority Checklist for July 2026’ Income Tax Email

Income Tax : A fake email titled Tax Authority Checklist for July 2026 is targeting taxpayers by impersonating the Ministry of Finance and the ...

July 22, 2026 612 Views 0 comment Print

Section 35D Deduction for REIT IPO Expenses Rejected as Assessee Is Not a Company: ITAT Bangalore

Income Tax : ITAT held section 35D(2)(c) applies only to companies and upheld disallowance of REIT's claim for IPO and listing expense amortisa...

July 21, 2026 180 Views 0 comment Print


Latest News


No Proposal to Scrap LTCG Tax, Govt Clarifies FPI G-Sec Tax Exemption

Income Tax : Finance Ministry reports LTCG tax revenue, clarifies FPI Government Securities tax exemption from 1 April 2026, and says no LTCG r...

July 22, 2026 90 Views 0 comment Print

No Proposal to Scrap LTCG Tax: Finance Ministry

Income Tax : Finance Ministry says no proposal exists to scrap LTCG tax and outlines SEBI investor awareness, grievance redressal and market pr...

July 22, 2026 129 Views 0 comment Print

Finance Ministry Clarifies Section 43B(h) and 45-Day MSME Payment Rule

Income Tax : Finance Ministry says Section 43B(h) allows deduction for dues to micro and small enterprises only on actual payment beyond the 45...

July 22, 2026 147 Views 0 comment Print

Appeal Restored as ITBA Upload Alone Is Not Valid Section 282 Service: ITAT Bangalore

Income Tax : ITAT Bangalore restored the appeal after holding that mere upload of an order on the ITBA portal is not valid service under Sectio...

July 19, 2026 258 Views 0 comment Print

Net Direct Tax Collections Rise 16.40% as on 13 July 2026

Income Tax : Direct tax collections as on 13 July 2026 show 16.11% growth in gross collections and 16.40% growth in net collections over the pr...

July 15, 2026 120 Views 0 comment Print


Latest Judiciary


No Section 69A Addition on Disclosed Property Sale Cash Receipts: ITAT Delhi

Income Tax : ITAT Delhi deleted the section 69A addition of ₹33.50 lakh after holding the intercepted cash formed part of the disclosed prope...

July 22, 2026 70 Views 0 comment Print

Depreciation Allowed on Leased Vehicles Despite Customer Registration: Bombay HC

Income Tax : Bombay HC declined to entertain Revenue's depreciation challenge and remanded the matter to ITAT only to decide the deferred maint...

July 22, 2026 60 Views 0 comment Print

Section 263 Cannot Revise Search Assessment for Unabated Year Without Incriminating Material: Bombay HC

Income Tax : Bombay HC dismissed Revenue's appeal, holding the Section 263 issue in unabated search assessments was covered by Abhisar Buildwel...

July 22, 2026 48 Views 0 comment Print

Section 270A Penalty Invalid Without Specific Charge; No Penalty on Bona Fide Debatable Claim: ITAT Delhi

Income Tax : ITAT Delhi deleted Section 270A penalty as notices lacked specific Section 270A(9) charge and the expenditure claim involved a deb...

July 22, 2026 72 Views 0 comment Print

Bengaluru ITAT Restores Search Assessments Despite Repeated Non-Compliance, Subject to ₹50,000 Cost Per Appeal

Income Tax : ITAT Bangalore restored six Section 153A search assessment appeals to the AO, subject to ₹50,000 cost per appeal for repeated no...

July 22, 2026 45 Views 0 comment Print


Latest Notifications


CBDT Amends Rule 157 to Align Specified Fund Definition with Rule 114AAB

Income Tax : CBDT Notification No. 94/2026 amends Rule 157 of the Income-tax Rules, 2026 by revising the definition of “specified fund” wit...

July 22, 2026 110 Views 0 comment Print

CBDT Notifies District Legal Service Authority, Jind for Section 11 Exemption

Income Tax : CBDT Notification No. 93/2026 grants Schedule III read with Section 11 exemption to District Legal Service Authority, Jind for tax...

July 22, 2026 132 Views 0 comment Print

CBDT Notifies District Legal Services Authority, Jind for Section 10(46) Income Tax Exemption

Income Tax : CBDT Notification No. 92/2026 grants Section 10(46) exemption to District Legal Service Authority, Jind, subject to specified cond...

July 22, 2026 150 Views 0 comment Print

CBDT Notifies NPCIL Asset Transfer to ASHVINI as Tax-Neutral U/s. 47(viiaf)

Income Tax : CBDT Notification No. 91/2026 notifies NPCIL's capital asset transfer to ASHVINI under section 47(viiaf), applicable for FY 2025-2...

July 18, 2026 249 Views 0 comment Print

CBDT Approves IIIT Dharwad for Scientific Research Under Section 45

Income Tax : CBDT approves IIIT Dharwad for scientific research under Section 45 of the Income-tax Act, 2025, subject to Rules 31, 32 and 34 co...

July 18, 2026 174 Views 0 comment Print


Notification: S.O.3646 Date of Issue: 15/11/1966

November 15, 1966 730 Views 0 comment Print

Notification: S.O.3646 The Society for the Care, Treatment and Training of Children in Need of Special Care, Sewri Hills, Bombay has been approved by the Indian Council of Medical Research, the prescribed authority, for the pruposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961).

Notification: S.O.3277 Date of Issue: 13/10/1966

October 13, 1966 661 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Kaleshwaraswamy Temple, Kaleshwaram (v), Manthani Taluk, Karimnagar District, Andhra Pradesh, to be of historic, archaeological and artistic importance for the purpose of the said section

Shree Meenakshi Mills Ltd. vs Commissioner Of Income-Tax (Supreme Court)

September 20, 1966 12734 Views 0 comment Print

Expenditure incurred to resist in a civil proceeding the enforcement of a measure-legislative or executive, which imposes restrictions on the carrying on of a business or to obtain a declaration that the measure is invalid would.

Notification: S.O.2772 Date of Issue: 15/9/1966

September 15, 1966 634 Views 0 comment Print

In the notification of the Central Board of Direct Taxes No. S.O. 2451, dated the 10th August, 1966, published on pages 1225 to 1229 in Part II, Section 3, Sub-section (ii) of the Gazette of India, Extraordinary, da

Notification: S.O.2451 Date of Issue: 10/8/1966

August 10, 1966 640 Views 0 comment Print

Notification: S.O.2451 This Notification contains Amendment to Income-tax (Second Amendment) Rules, 1966 carried out on 10th August, 1966 not reproduced here as it is already contained in the body of the Rules itself

Circular No. 4-P-Income Tax dated 21/7/1966

July 21, 1966 1425 Views 0 comment Print

Circular No.4-P – Income Tax Individuals, Hindu undivided families, unregistered firms, associations of persons (other than co-operative societies), bodies of individuals and artificial juridical persons – In the case of taxpayers of these categories, the gradation of income slabs and the rates of income-tax applicable thereto are the same as for the assessment year 1965-66, under the Finance Act, 1965. The basis and the rates for the levy of surcharges on the

Notification: S.O.2297 Date of Issue: 19/7/1966

July 19, 1966 658 Views 0 comment Print

the Income-tax Officer, Ward-A, Bulsar, shall have jurisdiction for the purpose of making any assessment for any assessment year prior to the assessment year commencing on the 1st April, 1963, under the Income-tax Act, 1961 (43 of 1961), or the Indian Income-tax Act, 1922 (11 of 1922), in respect of all persons residing or having their p

Notification: S.O.2290 Date of Issue: 14/7/1966

July 14, 1966 553 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Chandra Choodeswara Swamy Temple, Hosur, Salem District, Madras State, to be of historic, archaeological and artistic importance for the purpose of the said section

Notification: S.O.2289 Date of Issue: 14/7/1966

July 14, 1966 394 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shamlaji Temple, Shamlaji Taluka, Bhiloda District, Sabarkantha (Gujarat), to be of historic, archaeological and artistic importance for the purpose of the said section

Notification: S.O.2080 Date of Issue: 11/7/1966

July 11, 1966 567 Views 0 comment Print

This notification contains amendments to Income-tax Rules carried out on 11th July, 1966 not reproduced here as it is already contained in the body of th

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