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Income Tax : The Income-tax Act, 2025 continues the old specified professions framework without addressing longstanding classification issues. ...
Income Tax : The Supreme Court dismissed the Revenue's review petitions and reiterated that payments for off-the-shelf software do not constitu...
Income Tax : A detailed overview of limitation periods prescribed under the Income-tax Act reveals how missing statutory deadlines can lead to ...
Income Tax : Budget 2026 has extended the due dates for ITR-3, ITR-4, and revised returns, offering taxpayers greater flexibility. Understandin...
Income Tax : Relocating to Sikkim does not automatically exempt you from income tax. This article explains who qualifies under Section 10(26AAA...
Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...
Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...
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...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...
Income Tax : The Tribunal held that an incomplete document recovered from an employee's laptop could not justify an addition under Section 69 w...
Income Tax : The ITAT held that once registration under Section 12AB was ultimately granted on the basis of the original application, the doctr...
Income Tax : The ITAT Chennai ruled that funds received by a Chartered Accountant for remitting clients' taxes could not be treated as unexplai...
Income Tax : ITAT Mumbai held that appellate forums can entertain additional claims even without a revised return. The matter was remanded to t...
Income Tax : The Telangana High Court held that recovery proceedings under Section 226(3) cannot automatically extend to a daughter's bank acco...
Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...
Income Tax : The Ordinance exempts interest income and capital gains arising from Government securities for Foreign Institutional Investors and...
Income Tax : The Central Government has specified infrastructure sub-sectors from the Updated Harmonised Master List as eligible businesses und...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, enabling eligible donations to qualify for tax benef...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, allowing eligible donations to qualify for tax benef...
Finance Ministry updates special courts under Benami Act; Raipur and Jaipur court designations revised in July 2025 notification for effective adjudication.
CBDT notifies New Okhla Industrial Development Authority as exempt under Section 10(46A), effective from AY 2024–25, subject to compliance conditions.
ITAT Lucknow quashes Rs. 3.34 Lakh penalty on Mohd Husain, citing lack of fair opportunity by tax authorities and improper notice delivery. Case sent for re-adjudication.
ITAT Mumbai rules on taxation of unsold real estate inventory for Sabarmati Capital One Ltd., clarifying Section 22 applicability and AO’s jurisdiction under Section 263.
ITAT Lucknow directs re-assessment for Ashok Kumar’s petrol pump business, citing denial of natural justice due to exclusive reliance on electronic notices and lack of fair hearing.
Calcutta High Court sets aside an Income Tax Act Section 154 order for AY 2013-14, as it was issued against a deceased individual, allowing the daughter-in-law’s appeal.
Income Tax Appellate Tribunal sets aside PCIT’s revisionary order against Synwave Industries, ruling original assessment not erroneous.
The Gauhati High Court has ruled that a retired High Court Judge and Upa-Lokayukta cannot be penalised by the Income Tax Department for TDS not reflecting in Form 26AS if employers confirm deposit. Demand notices totalling ₹8.4 lakhs set aside.
ITAT Cochin affirms PCIT’s order for AO to verify loan interest deduction and Section 14A applicability after loan’s business use questioned.
Bombay High Court set aside reopening of Genesys International’s AY 2015-16 tax assessment, ruling it a mere change of opinion and citing full disclosure.
