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Latest Articles


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 105 Views 0 comment Print

Gift from Your Cousin? It May Not Be Tax-Free Under Income Tax Law

Income Tax : Explains taxation of gifts under Section 56(2)(x), exemptions for relatives, Rs. 50,000 threshold, clubbing provisions and documen...

July 20, 2026 300 Views 0 comment Print

Revised TRACES TDS Justification Report Password Format

Income Tax : Income-tax Act, 2025 revises the TRACES TDS Justification Report password format with new form numbering and structure from 1 Apri...

July 20, 2026 2373 Views 0 comment Print

Sold Property After 23 July 2024? Indexation Now Works as a Tax Ceiling

Income Tax : Explains how the second proviso to Section 112 caps LTCG tax for eligible resident individuals and HUFs after the Finance (No. 2) ...

July 20, 2026 684 Views 0 comment Print

Beware of Fake Income Tax Penalty Notice on Email

Income Tax : Beware of fake Income Tax emails sent from QQ Mail or Gmail IDs. Learn how to identify phishing scams, verify genuine notices, and...

July 20, 2026 3017 Views 0 comment Print


Latest News


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 201 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 117 Views 0 comment Print

Section 2(47)(v) Capital Gains Deleted as Section 53A Conditions Not Satisfied: ITAT Bangalore

Income Tax : ITAT Bangalore held Section 2(47)(v) inapplicable as the JDA did not satisfy Section 53A conditions, deleting capital gains for AY...

July 11, 2026 354 Views 0 comment Print

ICAI Issues Exposure Draft on Revised Section 44AB Tax Audit Guidance Note

Income Tax : ICAI has invited public comments on the Exposure Draft revising the Guidance Note on Tax Audit under Section 44AB by 25th July, 20...

July 10, 2026 4077 Views 0 comment Print

Request to Enable Section 270AA Immunity Applications for Misreporting Cases

Income Tax : A representation seeks activation of Form 68 filing for misreporting cases after the Finance Act, 2026 expanded immunity under Sec...

July 8, 2026 555 Views 1 comment Print


Latest Judiciary


CIT cannot Cancel Section 12A Registration Before Section 12AA(3) Insertion: SC

Income Tax : Supreme Court held the CIT had no power to cancel Section 12A registration before 01.10.2004, restored the ITAT order and set asid...

July 21, 2026 18 Views 0 comment Print

Section 148 Notice Uploaded After Limitation Time-Barred: Calcutta HC

Income Tax : Calcutta High Court held that a Section 148 notice uploaded after the limitation period was time-barred and dismissed the Revenues...

July 21, 2026 42 Views 0 comment Print

Gujarat HC Upholds Section 148 Reopening Based on Fresh Survey Material

Income Tax : Gujarat High Court upheld reassessment under Sections 147 and 148, holding that fresh survey material and statements constituted t...

July 21, 2026 33 Views 0 comment Print

Madras HC Upholds Additions Based on Corroborated Loose Sheets

Income Tax : Madras High Court upheld additions based on corroborated loose sheets, rejected telescoping and business stock claims, and dismiss...

July 21, 2026 27 Views 0 comment Print

Madras HC Upholds Jurisdictional AO’s Power to Issue Section 148A Notice

Income Tax : Madras HC upheld the Section 148A(d) order, holding the Jurisdictional Assessing Officer could issue notices under Sections 148A a...

July 21, 2026 33 Views 0 comment Print


Latest Notifications


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 222 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 165 Views 0 comment Print

CBDT Notifies NaBFID Ten Year Zero Coupon Bond

Income Tax : CBDT notifies NaBFID's ten-year zero coupon bond under Section 2(112), specifying issue timeline, maturity amount, discount and bo...

July 18, 2026 309 Views 0 comment Print

Section 54EC Deduction Enhanced to ₹1 Crore by Rectifying Tribunal Order: ITAT Pune

Income Tax : ITAT Pune allowed rectification under Section 254(2), correcting factual errors and granting Section 54EC deduction of ₹1 crore ...

July 18, 2026 207 Views 0 comment Print

CBDT Notifies India–Sri Lanka DTAA Amending Protocol

Income Tax : Notification No. 88/2026 gives effect to the India–Sri Lanka DTAA amending Protocol, effective from income derived in the specif...

July 18, 2026 219 Views 0 comment Print


Notification: S.O.2597 Date of Issue: 7/8/1965

August 7, 1965 523 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 Kasiviswanat

Notification: S.O.2353 Date of Issue: 19/7/1965

July 19, 1965 559 Views 0 comment Print

Notification: S.O.2353 Central Government hereby notifies the following temple as a place of public worship of renown throughout the State of Mysore for the purposes of the said section – Shri Dattatreya Temple, Ghangapur, District Gulbarga, Mysore

Notification: S.O.2215 Date of Issue: 7/7/1965

July 7, 1965 673 Views 0 comment Print

In the notification of the Central Board of Direct Taxes No. S. O. 3660 dated the 13th October, 1964, published at pages 979 to 988 in Part II—Section 3—sub-section (ii) of the Gazette of India, Extraordinary, dated the 13th October, 1964.

Notification: S.O.2214 Date of Issue: 7/7/1965

July 7, 1965 472 Views 0 comment Print

In exercise of the powers conferred by clause (d) of sub-section (5) of section 2 of the Finance Act, 1965 (10 of 1965), the Central Board of Direct Taxes hereby makes the following rules, namely :—-

Notification: S.O.2153 Date of Issue: 2/7/1965

July 2, 1965 709 Views 0 comment Print

Notification: S.O.2153 This notification contains Amendment to Income-tax Rules carried out on 2-7-1965 not reproduced here as it is already contained in the body of the Income-tax Rules itself.

Notification: S.O.2161 Date of Issue: 30/6/1965

June 30, 1965 393 Views 0 comment Print

Notification: S.O.2161 Sardar Patel Institute of Social and Economic Research, Ahmedabad -It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research

Notification: S.O.1975 Date of Issue: 26/6/1965

June 26, 1965 603 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 Shri Bhramaramba Malikharjunaswami

Notification: S.O.2048 Date of Issue: 23/6/1965

June 23, 1965 672 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 138 of the Income-tax Act, 1961 (43 of 1961), (hereinafter referred to as the Act), the Central Government, having regard to the practices and usages customary among banking companies and to other relevant factors, hereby directs that no public servant shall—

Notification: S.O.1974 Date of Issue: 19/6/1965

June 19, 1965 573 Views 0 comment Print

In exercise of the powers conferred by sub-section of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following temples, mosques, gurdwaras and c

Notification S.O.1973 Date of Issue – 15/6/1965

June 15, 1965 507 Views 0 comment Print

Notification S.O.1973 CENTRAL BOARD OF IRRIGATION AND POWER, NEW DELHI – It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research,

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