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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


I Sold Listed Shares & Made INR 3 Lakh Profit – How Is LTCG Taxed Now?

Income Tax : Learn how the increased Rs. 1.25 lakh exemption and 12.5% LTCG tax rate apply to listed shares and equity mutual funds. The guide ...

June 19, 2026 1503 Views 0 comment Print

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 11769 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 549 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 324 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 255 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 102 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 6151 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 1830 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


ITAT Deletes Demonetization Cash Deposit Addition as Books & VAT Records Were Accepted

Income Tax : The ITAT Mumbai held that cash deposits during the demonetization period could not be treated as unexplained where the assessee's ...

June 19, 2026 60 Views 0 comment Print

Bangalore ITAT: TDS Credit Cannot Be Denied Merely Because It Was Omitted in Original Return

Income Tax : ITAT Bangalore held that TDS credit cannot be denied merely because it was omitted in the original income tax return. The Tribunal...

June 19, 2026 45 Views 0 comment Print

Assessment on Amalgamated Bank’s Predecessor Held Void; ITAT Quashes Order Passed in Name of Non-Existent Syndicate Bank

Income Tax : ITAT Bangalore held that an assessment order passed in the name of an amalgamated bank after it had ceased to exist is void ab ini...

June 19, 2026 72 Views 0 comment Print

Belated Return Filed in Response to Section 148 Cannot Revive Section 80P Deduction: Bangalore ITAT

Income Tax : The Tribunal ruled that filing a return in response to Section 148 does not cure the failure to file the original return within th...

June 19, 2026 78 Views 0 comment Print

Section 154 Cannot Be Used to Make Fresh Disallowance of Asset Write-Off Claim: Bangalore ITAT

Income Tax : ITAT Bangalore held that Section 154 cannot be invoked to make a fresh disallowance of an asset write-off claim that was never exa...

June 19, 2026 60 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 49122 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 747 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


Delhi HC Quashes Assessment Order for Non Consideration of reply of petitioner

July 17, 2023 969 Views 0 comment Print

Unravel the ruling of the Delhi High Court in the Vodafone Roaming Services Sarl Vs ACIT case. Understand the implications of the court’s verdict on the disputed income tax assessment order.

Service Tax reimbursement not includible in gross turnover to calculate taxable income under Section 44BB

July 17, 2023 741 Views 0 comment Print

Explore the crucial judgment of ITAT Delhi in the case of DCIT Vs Western Geco International Ltd. A deep dive into issues of taxation under Sections 44DA, 44B, and 44BB of the Income Tax Act.

Mere Board Resolution doesn’t crystallize a liability for Expenditure on discontinuance of Clinics

July 17, 2023 582 Views 0 comment Print

ITAT Mumbai concurred with AO and CIT(A), highlighting that a Board Resolution doesn’t create a liability until implemented. The tribunal emphasized that costs for employee termination and lease termination arise when notice of termination is served.

ITAT Imposes Cost for Non-Compliance of Notices (Disregard of Quasi-Judicial Authority)

July 17, 2023 1023 Views 0 comment Print

Unraveling the case of Gopal Singh vs ITO, in which ITAT calls out the disregard of quasi-judicial authority. Understand the key facts, analysis, and implications of this significant ITAT ruling.

ITAT Allows Deduction for Business Service Charges to Associate Concern for HR Services

July 17, 2023 816 Views 0 comment Print

Analyzing the key implications of ITAT’s ruling in the case of ACIT Vs Jones Lang Lasalle Building Operation Pvt Ltd, highlighting the acceptability of business service charges for HR-related services provided by associate concerns.

ITAT Allows Application for Approval u/s. 80G(5) Despite Wrong Form Selection

July 17, 2023 2796 Views 1 comment Print

ITAT Hyderabad in case of Telangana State Chapter Indian Radiological & Imaging Association vs ITO held that application for approval u/s. 80G(5) cannot be rejected solely for selecting wrong form.

No Penalty for Excessive Income Tax Refund Claim due to Consultant’s Fraud

July 17, 2023 2874 Views 0 comment Print

Explore our in-depth analysis of the recent ITAT Bangalore ruling on Veereshayya Angadi Vs ITO case, focusing on the issue of penalty for excessive refund claims influenced by a tax consultant.

ITAT Mumbai Deletes Addition for Deemed Interest on Director’s Loan to Company

July 17, 2023 1239 Views 0 comment Print

Read the full text of the ITAT Mumbai order in the case of Nikhil Suryakant Shah vs ITO. The ITAT has deleted the addition for deemed interest on a loan given by the director to the company. Get the analysis and conclusion here.

Capitation fee for admission not a donation: ITAT upholds addition

July 17, 2023 1299 Views 0 comment Print

The ITAT Pune ruling confirms that payments made for admissions are not considered donations to a Charitable Trust, leading to an income tax addition. Explore the full analysis and implications of the judgment in this detailed review.

Lease Rent & Packaging Charges from Manufacturing Services is Business Income

July 16, 2023 1044 Views 0 comment Print

Read about ITAT Delhi’s important ruling in the Hyderabad Distilleries and Wineries Pvt Ltd case, confirming that income from lease rent and packaging charges in manufacturing services is treated as business income.

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