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Latest Articles


Can Updated Return Be Filed After Notice Under Sections 143(2), 148A or 148?

Income Tax : The article explains how the Finance Acts, 2025 and 2026 have reshaped the Updated Return regime under Section 139(8A). It highlig...

June 27, 2026 201 Views 0 comment Print

SC Sends JAO vs Faceless Reassessment Dispute Back to High Courts

Income Tax : The Supreme Court has remitted reassessment cases for fresh consideration after the retrospective insertion of Section 147A, leavi...

June 27, 2026 105 Views 0 comment Print

25 Practical Errors Found During ITR Filing that every Taxpayer should avoid

Income Tax : Learn the most frequent errors taxpayers make while filing Income Tax Returns for AY 2026-27 and how avoiding them can prevent not...

June 27, 2026 1167 Views 1 comment Print

Section 87A Rebate Anomaly Leaves Higher Earners With Lower Take-Home Pay

Income Tax : The article explains how the interaction of Section 87A, marginal relief, and Health & Education Cess can leave taxpayers earning ...

June 27, 2026 102 Views 0 comment Print

FAQs on Authority for Advance Ruling/Board for Advance Rulings

Income Tax : Learn who can apply for an advance ruling, applicable fees, withdrawal rules, and its binding effect under the Income-tax Act. The...

June 27, 2026 17106 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 249 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 6232 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 303 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 1932 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 4005 Views 1 comment Print


Latest Judiciary


12.5% Bogus Purchase Addition Sustained as Transport & Consumption Evidence Was Missing

Income Tax : The ITAT Raipur upheld the disallowance of 12.5% of disputed purchases after finding that the assessee failed to establish the act...

June 28, 2026 12 Views 0 comment Print

Section 68 Addition Cannot Be Sustained as Suspicion Alone Is Not Evidence: ITAT Delhi

Income Tax : The ITAT Delhi upheld the deletion of an ₹80 lakh addition after holding that the assessee had established the identity, creditw...

June 28, 2026 9 Views 0 comment Print

ITAT Allows Additional R&D Deduction as AO Granted Only 100% Instead of 200%

Income Tax : ITAT Chennai held that Assessing Officer should have allowed 200% weighted deduction on DSIR-certified capital expenditure under s...

June 28, 2026 42 Views 0 comment Print

Assessment Challenge Fails as AO Cannot Question Commercial Wisdom of Borrowing

Income Tax : The Delhi High Court held that borrowing funds to repay an earlier loan falls within the assessee's commercial wisdom. It upheld t...

June 28, 2026 33 Views 0 comment Print

Chhattisgarh HC Dismisses Income Tax Writ Appeal as No Ground Existed to Issue Mandamus

Income Tax : The High Court upheld the dismissal of a writ petition seeking action on an alleged tax evasion complaint, holding that no case fo...

June 28, 2026 42 Views 0 comment Print


Latest Notifications


CBDT Grants Five-Year Scientific Research Recognition to Public Health Foundation

Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...

June 27, 2026 159 Views 0 comment Print

CBDT Approved University of Hyderabad for Scientific Research Tax Benefits

Income Tax : CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval i...

June 27, 2026 96 Views 0 comment Print

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 50703 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 903 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 711 Views 0 comment Print


Major Take Aways from Annual Conference of Tax Administrators

June 19, 2016 3013 Views 0 comment Print

The take-aways from the Conference on the CBEC side are:- 1. Need for preparation for roll-out of GST with focus on IT and increased capacity building through training of officers. 2. Need to focus on Dispute Resolution: Identify 20 topmost litigated issues and examine from policy perspective whether any intervention is required.

Mobilisation / demobilisation charges cannot be treated as Royalty

June 18, 2016 4060 Views 0 comment Print

As far as DTAA in the present case is concerned, the income earned by the Assessee would be treated as royalty only where it is received as consideration for the use of the equipment, i.e., industrial, commercial or scientific.

Registration u/s 12AA cannot be denied on town Planning Activities continuing from earlier years

June 18, 2016 1786 Views 0 comment Print

The Hon’ble Allahabad High Court after examining the said objects in light of proviso to Sec 2(15) has held that development authorities will not be hit by the proviso to Sec 2 (15). The reliance on the judgments by the Ld. DR are on different footing altogether. The reliance of the Board Circular is also not applicable in the present case as there was no change in the charitable purpose while doing the activity of development by the assessee.

No TDS on payment to payment systems company authorised by RBI

June 17, 2016 8413 Views 1 comment Print

Notification No. 47/2016 No TDS deduction shall be made on payments of nature specified below, in case such payment is made by a person to a bank listed in the Second Schedule to Reserve Bank of India Act, 1934, excluding a foreign bank, or to any payment systems company authorised by RBI U/s. 4(2) of Payment and Settlement Systems Act, 2007,

No TDS on S. 10(23DA) payment received by securitisation trust

June 17, 2016 10930 Views 0 comment Print

Notification No. 46/2016-Income Tax- No TDS on payments of nature specified in clause (23DA) of section 10 of Income Tax Act received by any securitisation trust as defined in clause (d) of Explanation to section 115TC

CBI court imprisons ITO & 3 other Public Servants in Bribery case

June 17, 2016 1999 Views 0 comment Print

The Special Judge, Anti Corruption, Court No.3, Lucknow (Uttar Pradesh) has convicted Sh. U. P. Yadav, then Income Tax Officer; Sandeep Mohan Dubey, then Office Superintendent and Gore Lal Mishra, then Tax Assistant in a bribery case and sentenced them to undergo four years Rigorous Imprisonment with fine of Rs. 50,000/- each.

S.145A No Addition for stock valuation if exclusive method followed

June 17, 2016 13462 Views 0 comment Print

ITAT Kolkata held that VAT and CST even if not included in value of closing stock do not result in undervaluation of closing stock because of its corresponding non-inclusion in Opening Stock , Purchases and Sales.

People should not fear tax administrators: PM

June 16, 2016 2011 Views 0 comment Print

PM encouraged the officers for a free and frank exchange of ideas during the Rajasva Gyan Sangam. He stressed that while there should be respect for the rule of law among all citizens, and even fear of the long arm of the law for those who evade taxes, people should not fear tax administrators.

Auditor’s opinion on Section 80P Interpretation, cannot be a Information for Reopening U/s 147

June 16, 2016 4372 Views 0 comment Print

The case of assessee was reopened and the assessment under section 144 read with section 147 of the IT Act, 1961. While framing the assessment, the AO restricted the deduction claimed u/s 80P(2)(c)(i) of the Act and also confirmed the disallowance u/s 40(a)(ia) consequent to deposit

Reference to TPO– Is it mandatory to record reason & pass a speaking order?

June 16, 2016 14143 Views 1 comment Print

In the recent past, Central Board of Direct Taxes (CBDT) has issued an instruction No. 3/2016 (Instruction) in perspective of the international transaction or specified domestic transactionto be referred by the Assessing Officer (AO) to Transfer Pricing Officer (TPO). The instruction ushered new guidelines for implementation of Transfer Pricing Provisions for referring international transactions or specified domestic transaction to the TPO subject to the approval of jurisdictional Principal Commissioner of Income Tax (PCIT) / Commissioner of Income Tax (CIT).

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