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Latest Articles


ITAT Allows Final Section 35D Deduction and ESOP Recharge Expense

Income Tax : Bangalore ITAT held that the Revenue cannot deny the fifth-year deduction under Section 35D after consistently allowing the claim ...

June 12, 2026 87 Views 0 comment Print

Section 62(4) of Income-tax Act 2025: Closed List of Specified Professions Remains Unreformed

Income Tax : The Income-tax Act, 2025 continues the old specified professions framework without addressing longstanding classification issues. ...

June 11, 2026 249 Views 0 comment Print

SC Order Settled the issue of Taxability of International Software Supply Transactions?

Income Tax : The Supreme Court dismissed the Revenue's review petitions and reiterated that payments for off-the-shelf software do not constitu...

June 11, 2026 303 Views 0 comment Print

Period of limitation prescribed under Income-tax Act, 1961

Income Tax : A detailed overview of limitation periods prescribed under the Income-tax Act reveals how missing statutory deadlines can lead to ...

June 11, 2026 5727 Views 1 comment Print

ITR Filing 2026: Important Due Dates, Budget 2026 Updates & Strategies

Income Tax : Budget 2026 has extended the due dates for ITR-3, ITR-4, and revised returns, offering taxpayers greater flexibility. Understandin...

June 10, 2026 1026 Views 0 comment Print


Latest News


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 6082 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 234 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 1659 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 3762 Views 1 comment Print

Representation for timely release of e-filing utilities for ITR for AY 2026-27

Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...

May 13, 2026 3975 Views 0 comment Print


Latest Judiciary


Section 127 & 263 Orders Quashed as Assessee Was Denied Fair Hearing During COVID

Income Tax : The High Court held that merely issuing a notice is insufficient if the assessee is not informed of further developments or given ...

June 12, 2026 60 Views 0 comment Print

Kerala HC Condones 676-Day ITAT Appeal Delay Due to Auditor Lapse

Income Tax : The Kerala High Court condoned a 676-day delay in filing an ITAT appeal after finding that the assessee had bona fide relied on it...

June 12, 2026 63 Views 0 comment Print

ITAT Allows Indexation on Construction Cost as Sale Deed Already Contained Building Details

Income Tax : The Chennai ITAT ruled that indexation benefits under Section 48 cannot be denied when construction details are already part of th...

June 12, 2026 57 Views 0 comment Print

ITAT Deletes Bogus Purchase Addition as Cross-Examination Was Not Granted

Income Tax : The Tribunal observed that reliance on third-party statements without providing cross-examination rendered the additions legally u...

June 12, 2026 75 Views 0 comment Print

Employee Cannot Be Punished for Employer’s TDS Default: Bangalore ITAT Grants BYJU’S Employee Credit for ₹67.9 Lakh TDS

Income Tax : The key issue was whether the absence of corresponding entries in Form 26AS justified denial of TDS credit. The ITAT held that emp...

June 12, 2026 33 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 45894 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 600 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 507 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 180 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 150 Views 0 comment Print


Time gap between Cash withdrawal & deposit not warrant Section 69 addition

April 17, 2025 8919 Views 0 comment Print

ITAT concluded that merely a time gap between withdrawal and deposit does not warrant an addition under Section 69, especially when the revenue could not establish any other use of the withdrawn funds.

ITAT Deletes ₹18 Lakh Cash Deposit Addition, Cites Genuine Agricultural Income

April 17, 2025 1296 Views 0 comment Print

ITAT Jodhpur partly allows appeal in Kishana Ram vs ITO, upholding additions related to capital discrepancies and agricultural income under Section 143(3).

ITAT Quashes ₹1 Cr Penalty on Cash Transactions with Sister Concern

April 17, 2025 7704 Views 0 comment Print

ITAT Kolkata cancels penalty u/s 271D for Tarai Transport Corporation in AY 2016-17, citing reasonable cause and a similar past ruling involving cash transactions with a sister concern.

HUDCO Bond Notified as Zero Coupon by CBDT

April 17, 2025 1680 Views 0 comment Print

CBDT notifies HUDCO’s 10-Year Zero Coupon Bond worth ₹5,000 Cr under Section 2(48) of Income-tax Act for infrastructure project funding.

Section 35(1)(ii): KIMS Foundation Approved for scientific research Tax Benefits  

April 17, 2025 729 Views 0 comment Print

CBDT approves KIMS Foundation, Hyderabad for scientific research under Section 35 of Income-tax Act, effective FY 2025–26 to AY 2030–31.

Estimation-based additions not justify Section 271(1)(c) Penalty: ITAT Rajkot

April 17, 2025 765 Views 0 comment Print

ITAT Rajkot cancels penalty on Anil Odedara, ruling income was estimated and not grounds for concealment under Section 271(1)(c) of the Income Tax Act.

Section 148 Reassessment notice invalid if issued by an AO lacking Jurisdiction

April 17, 2025 7482 Views 0 comment Print

ITAT Jaipur sets aside addition and penalty against Mukesh Kumar Agarwal due to lack of valid jurisdiction and time-barred penalty order.

Bogus Purchase: ITAT Quashes Reassessment Order on Jurisdiction Grounds

April 17, 2025 1125 Views 0 comment Print

ITAT Raipur sets aside assessment against Adarsh Rice Mill due to lack of jurisdiction under Section 147. Merits of the case remain undecided.

Landmark Judgments of Income Tax Act, 1961: Most Influential & Frequently Cited

April 16, 2025 8046 Views 0 comment Print

Below is a curated list of the most influential and frequently cited landmark judgments under the ITA, focusing on their practical significance, legal principles, and frequent use in tax disputes.

Reassessment u/s. 147 without any fresh material not sustainable: ITAT Raipur

April 16, 2025 1110 Views 0 comment Print

ITAT Raipur held that reassessment proceedings under section 147 of the Income Tax Act without any fresh material, amounts to mere change of opinion, and hence the same is not sustainable in law.

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