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Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.

Latest Articles


Why RERA & Income Tax Reconciliation Is Crucial for Real Estate Developers

Income Tax : Increasing use of RERA data by tax authorities makes alignment between project disclosures and income tax reporting essential to a...

June 16, 2026 123 Views 0 comment Print

Which Income-Tax Law Applies to Returns Filed After 1st April 2026?

Income Tax : Taxpayers are facing confusion following the introduction of the Income-tax Act, 2025. The key clarification is that income earned...

June 16, 2026 375 Views 0 comment Print

Presumptive Audit Controversy: Profit Trigger vs Turnover Trigger

Income Tax : The issue concerns whether declaring profits below the presumptive rate automatically triggers tax audit or whether turnover thres...

June 16, 2026 1515 Views 0 comment Print

Don’t Blindly Trust Form 16: One Small Error Can Trigger a Huge Tax Demand

Income Tax : The case demonstrates how an incorrect exemption claim based on Form 16 led to scrutiny and penalty proceedings. The Tribunal ulti...

June 15, 2026 1842 Views 0 comment Print

Advance Tax Provisions, Challan, e-payment Utility & Examples

Income Tax : This article explains the advance tax provisions under the Income-tax Act, including liability thresholds, exemptions, and instalm...

June 15, 2026 195474 Views 14 comments 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 6115 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 267 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 1758 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 3816 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 4005 Views 0 comment Print


Latest Judiciary


Wrong Section Used to Deny Depreciation Set-Off; Section 263 Order Quashed

Income Tax : The dispute concerned whether dividend received on capital reduction by a foreign subsidiary could trigger restrictions under Sect...

June 16, 2026 36 Views 0 comment Print

Municipal Body’s Section 10(20) Exemption Cannot Be Denied Due to Wrong Claim in Return

Income Tax : The ITAT Pune held that a genuine claim for exemption under Section 10(20) cannot be rejected merely because the assessee mistaken...

June 16, 2026 54 Views 0 comment Print

No Addition on a Different Issue if Reopened Issue Fails: ITAT Deletes ₹5.75 Crore Disallowance

Income Tax : The ITAT Mumbai held that when the reason recorded for reopening an assessment does not ultimately result in any addition, the Ass...

June 16, 2026 132 Views 0 comment Print

Retracted Statement Alone Cannot Justify Section 68 Addition: ITAT Deletes Accommodation Loan Additions

Income Tax : The Mumbai ITAT held that an addition under Section 68 cannot be made solely on the basis of a retracted statement alleging accomm...

June 16, 2026 48 Views 0 comment Print

Section 263 Cannot Be Invoked as AO Made No Addition After Enquiry: ITAT Mumbai

Income Tax : The Mumbai ITAT held that Section 263 cannot be invoked merely because the Assessing Officer accepted income without making an add...

June 16, 2026 66 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 48459 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 690 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 555 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 204 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 165 Views 0 comment Print


PAN Linking Error by bank Leads to Addition: ITAT Directs reconsideration

December 2, 2024 1011 Views 0 comment Print

ITAT directs fresh examination in Ambasa Babansa Raibagi case due to PAN linking error, remitting the Rs. 25.66 lakh addition back to AO.

Section 148 Notices Invalid Due to Non-Compliance with Faceless Assessment Procedure

December 2, 2024 2499 Views 0 comment Print

The Punjab and Haryana High Court ruled on tax notices under Section 148, setting aside the jurisdictional proceedings in the case of Fastway Citizen Cable Network.

Karnataka HC Orders Income Tax Refund with Interest to IBM India

December 1, 2024 1596 Views 0 comment Print

Karnataka HC directs the Income Tax Department to refund Rs.154 crore with interest to IBM India, as per the Supreme Court’s directive.

Addition on account of cash deposit: ITAT Orders Fresh Assessment  

December 1, 2024 6141 Views 0 comment Print

ITAT Surat remands Mahesh Desai’s appeal to AO, allowing him to substantiate cash deposits after prior ex parte decisions, upholding fair hearing principles.

Section 249(4) cannot be invoked In absence of pre-existing liability to pay advance tax 

December 1, 2024 879 Views 0 comment Print

ITAT Hyderabad sets aside CIT(A) order, clarifying that Section 249(4) cannot apply when no advance tax liability exists. Appeal to be reviewed on merits.

ITAT Reduces Commission Income Addition to 0.50%

December 1, 2024 1524 Views 0 comment Print

ITAT Surat lowers commission income rate for Nanak Motumal Pherwani to 0.50% on bank transactions, aligning with reasonable industry standards in cheque discounting.

Karnataka HC Quashes high pitched tax demand for not considering genuine hardship

December 1, 2024 1218 Views 0 comment Print

Karnataka HC sets aside PCIT’s order on unreasonable tax demand, remanding the case for fresh consideration, including hardship and demand analysis.

ITAT condones Delay in Form 10B Filing due to health issues

December 1, 2024 846 Views 0 comment Print

ITAT Bangalore condones a delay in tax audit filing due to trustee’s illness, directing further assessment per CBDT’s order for tax benefit eligibility.

ITAT Allows Timely Employer PF/ESI Contributions Deduction

December 1, 2024 1014 Views 0 comment Print

ITAT Bangalore allows deduction for timely employer PF/ESI contributions in Blue Moon Enterprises case, limiting disallowance to delayed employee contributions.

PAN 2.0: नया PAN कार्ड अपने ईमेल पर फ्री में कैसे प्राप्त करें? जानें पूरी प्रक्रिया

December 1, 2024 2451 Views 0 comment Print

PAN 2.0 का ईमेल पर मुफ्त में आवेदन करें। जानें नया क्यूआर कोड वाला PAN कार्ड पाने की प्रक्रिया। फिजिकल कार्ड के लिए ₹50 शुल्क निर्धारित।

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