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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


FAQs on Income Tax e-Verification Scheme 2021

Income Tax : The Income Tax Department explains how the e-Verification Scheme addresses mismatches between reported financial transactions and ...

June 19, 2026 11712 Views 0 comment Print

Can Capital Gains Exemption Be Claimed If House Is Bought in Spouse’s/Family Members Name?

Income Tax : This article examines conflicting judicial views on whether capital gains exemption is available when a new residential house is p...

June 18, 2026 447 Views 0 comment Print

Section 43B(h): MSME Payment Clause Every Business Must Understand

Income Tax : This guide explains how Section 43B(h) defers tax deductions where payments to Micro and Small Enterprises remain unpaid beyond th...

June 18, 2026 258 Views 0 comment Print

Income Tax Department: Double Standards

Income Tax : The case highlights denial of TDS credit after an incorrect TAN was reported in the income tax return, even though the correct TDS...

June 18, 2026 186 Views 0 comment Print

Guide to HRA Exemption Claims under Scrutiny by Income Tax Authorities

Income Tax : The Income Tax Department is using AI, data analytics, AIS, and PAN-based verification to identify incorrect HRA exemption claims....

June 18, 2026 1092 Views 0 comment Print


Latest News


Advance Tax Collections Grow 15.30% due to Higher Corporate Tax Payments

Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...

June 19, 2026 66 Views 0 comment Print

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 6148 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 276 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 1824 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 3897 Views 1 comment Print


Latest Judiciary


Wrong Section, Wrong Assessment: Bangalore ITAT Annuls Section 143(3) Order Passed After Search

Income Tax : ITAT Bangalore held that once a search under Section 132 was conducted, the assessment for the relevant year had to proceed under ...

June 19, 2026 51 Views 0 comment Print

Form 3CD Reporting Error Not Sufficient to Deny Bonus Deduction: ITAT Bangalore

Income Tax : The ITAT Bangalore held that a mismatch between the income tax return and Form 3CD cannot by itself justify disallowance of a genu...

June 19, 2026 72 Views 0 comment Print

ITAT Remands Cash Deposit Addition as Documentary Evidence Was Not Examined

Income Tax : ITAT Visakhapatnam remanded the assessment after holding that documentary evidence relating to cash deposits, members' records and...

June 19, 2026 60 Views 0 comment Print

ITAT Hyderabad Deletes Section 69 Addition as Dumb Document Lacked Evidence

Income Tax : ITAT Hyderabad held that an addition under Section 69 cannot be sustained solely on the basis of an uncorroborated loose sheet. Th...

June 19, 2026 87 Views 0 comment Print

ITAT Allows Foreign Tax Credit as Delay in Filing Form 67 Is Procedural: ITAT Visakhapatnam

Income Tax : The ITAT Visakhapatnam held that delayed filing of Form No. 67 does not justify denial of Foreign Tax Credit where taxes have been...

June 19, 2026 69 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 49089 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 744 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 591 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 228 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 183 Views 0 comment Print


Surrendered Income of Doctor is Professional Income unless there is clear contrary Evidence

September 1, 2023 819 Views 0 comment Print

ITAT Chandigarh rules on treating surrendered income as medical profession income in the case Bharat Vipan Garg Vs PCIT. Dive deep into the judgment details.

Addition solely based on estimation without rejecting books is not sustainable

September 1, 2023 3096 Views 0 comment Print

Analysis of ITAT Delhi’s decision on the case between Home Developers Project Pvt. Ltd. & DCIT. Focus on AO’s failure & burden of evidence on the assessee.

No Section 14A Disallowance if No Expenditure Claimed in P&L accounts

September 1, 2023 1341 Views 0 comment Print

Delhi’s ITAT rules on disallowance under section 14A of the Income Tax Act. The verdict clarifies treatment of revenue expenses not claimed in P&L accounts.

Share Premium not taxable in the hands of investee if Investor already taxed for it

September 1, 2023 792 Views 0 comment Print

Analysis of ITAT Chennai’s decision on taxing share premium: ACIT Vs Luncar Finance Pvt. Ltd. A focus on already taxed income in the hands of Investor Company

Annual Report on APA Programme by CBDT: Highlights & Insights (2019-22)

September 1, 2023 1368 Views 0 comment Print

Dive deep into Annual Report of APA Programme in India for years 2019-2022. Explore CBDT’s efforts, accomplishments, and challenges in ensuring tax certainty.

Jurisdictional AO has jurisdiction to entertain rectification application filed u/s 154

September 1, 2023 2802 Views 0 comment Print

ITAT Delhi held that the Jurisdictional A.O. is having the jurisdiction to entertain the rectification application filed by the Assessee u/s 154 of the Income Tax Act.

Assessee failed to Submit details: ITAT Restores Section 54F Deduction Matter

September 1, 2023 3528 Views 0 comment Print

ITAT Chennai restores the matter of Salma Ahmed’s capital gain deduction under section 54F to CIT(E) due to inadequate details provision by the assessee.

Rental & Service Income Classification Mustn’t Change on Mere surmises

September 1, 2023 603 Views 0 comment Print

Swar Maya Infotech’s treatment of rental and facility management income is evaluated by ITAT Delhi, emphasizing on consistency and accurate deduction claims.

No disallowance of Transport commission expense solely for cross-verification absence

September 1, 2023 1122 Views 0 comment Print

Analysis of the ITAT Delhi verdict: Why the absence of cross-verification under Section 133(6) shouldn’t be the sole reason to disallow business expenses.

ITAT Denies SEZ Developer Section 80IAB Deduction on Food & Beverage Sales Income

September 1, 2023 801 Views 0 comment Print

The ITAT Delhi ruling on Seaview Developers regarding deduction claims under section 80IAB for sales of food and beverages and interest expenses.

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