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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.1886 Date of Issue: 10/6/1965

June 10, 1965 462 Views 0 comment Print

In exercise of the powers conferred by section 295 of the Income-tax Act, 1961(43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely :—

Notification: S.O.1574 Date of Issue: 10/5/1965

May 10, 1965 664 Views 0 comment Print

Whereas the Central Government, by notifications of the Government of India in the Ministry of Finance (Department of Revenue) Nos. 22 and 23, dated the 30th March, 1956, directed the inclusion of the institutions ” The Birla College of Engineering, Pilani” and ” the Birla College of Science, Commerce and Pharmacy, Pilani” at S. Nos. 26 and 27 re

Notification: S.O.1337 Date of Issue: 15/4/1965

April 15, 1965 762 Views 0 comment Print

In exercise of the powers conferred by the sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Jagannath Temple, Puri, to be of historic, archaelogical and artistic importance for the purposes of the said section

Notification: S.O.1336 Date of Issue: 15/4/1965

April 15, 1965 607 Views 0 comment Print

It is hereby notified for general information that the institution below has been approved by the Indian Council of Agricultural Research, the “prescribed authority”, for the purposes of clause (

Notification: S.O.1179 Date of Issue: 8/4/1965

April 8, 1965 466 Views 0 comment Print

In exercise of the powers conferred by sub-section (11) of section 132 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Central Board of Direct Taxes as the authority for the purposes of that sub-section

Notification: S.O.1086 Date of Issue: 30/3/1965

March 30, 1965 628 Views 0 comment Print

Notification: S.O.1086 This notification contains Amendment to Income-tax Rules carried out on 30-3-1965 not reproduced here as it is already contained in the body of the Income-tax Rules itself

Notification: S.O.929 Date of Issue: 12/3/1965

March 12, 1965 496 Views 0 comment Print

In exercise of the powers conferred by section 126 of the Income-tax Act, 1961, (43 of 1961), the Central Board of Direct Taxes hereby deletes Serial No. 43 and the entries thereaganist from the Schedule annexed to its notification S. R. O. 1214 (No. 44-Income-tax) dated the 1st July, 1952

Notification: S.O.930 Date of Issue: 12/3/1965

March 12, 1965 427 Views 0 comment Print

In exercise of the powers conferred by section 126 of the Income-tax Act, 1961, (43 of 1961), the Central Board of Direct Taxes hereby makes the following additions to the Schedule annexed to its Notification No. 1 (F. No. 55/233/63–IT) dated the 1

Notification: S.O.860 Date of Issue: 8/3/1965

March 8, 1965 586 Views 0 comment Print

Notification: S.O.860 This notification contains Amendment to Income-tax Rules carried out on 8-3-1965 not reproduced here as it is already contained in the body of the Income-tax Rules itself.

Notification: S.O.654 Date of Issue: 16/2/1965

February 16, 1965 505 Views 0 comment Print

In the notification of the Central Board of Direct Taxes No. S.O. 169, dated 4th January, 1965, published in the Gazette of India. This notification contains corrigendum to Income-tax Act carried out on 16th February, 1995 not reproduced here as it is already contained in the body of the act itself

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