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Income Tax : ITAT Kolkata held that employees should not bear tax liability again where TDS was deducted but not deposited by the employer....
Income Tax : ITAT held that Section 54 exemption must be examined separately for each residential house sold. Aggregating gains from multiple t...
Income Tax : ITAT held that delayed filing of Form 10B cannot defeat Section 11 exemption if the audit report is available before processing un...
Income Tax : Know the key ITR, advance tax, tax audit, belated return, and revised return deadlines for 2026 to avoid interest, penalties, and ...
Income Tax : The Income Tax Bill, 2025 renumbers Section 54F as Section 86 while retaining the existing conditions, computation, and exemption ...
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...
Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...
Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...
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...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : Gujarat High Court upheld deletion of the Section 271D penalty, holding that absence of recorded satisfaction in the assessment or...
Income Tax : ITAT Surat held that absence of satisfaction in the assessment order invalidated the Section 271D penalty, following the Supreme C...
Income Tax : Bombay High Court held Section 153C notices invalid as the satisfaction note was not recorded immediately after the searched perso...
Income Tax : Bombay High Court dismissed the Revenue's appeal, holding it could not challenge the ITAT's addition after not appealing the CIT(A...
Income Tax : The Madras High Court ruled that employers cannot grant Section 89 relief or refund TDS unless employees submit Form 10E under Sec...
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...
Income Tax : CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval i...
Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...
Income Tax : The Ordinance exempts interest income and capital gains arising from Government securities for Foreign Institutional Investors and...
Income Tax : The Central Government has specified infrastructure sub-sectors from the Updated Harmonised Master List as eligible businesses und...
CIT Vs. M.K. Brothers (163 ITR 249) sales-tax authorities had carried on certain investigations which revealed that a racket of issuing bogus vouchers by the said parties was prevailing in the market. The Income-tax Officer also learnt from local inquiries that the parties were not available at the addresses given.
It is hereby notified for general information that the approval granted under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, to the Jaslok Hospital and Research Centre, Bombay, vide Ministry of Finance (Department of Revenue and Insurance) Notification No. 576 (F. No. 203/51/73-ITA.II) dated 16-3-1974, is hereby restricted up to 31-3-1986.
That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.
It is hereby notified for general information that the approval granted to the Society for the Care, Treatment and Training of Children in need of Special Care, Bombay, under section 35(1)(ii), vide Ministry of Finance (Department of Revenue) Notification No. 82 (F. No.10/44/66-ITA. I) dated 3-12-1966, is hereby restricted upto 31-3-1986.
It is hereby notified for general information that the approval granted to Indian Council of Social Welfare, Bombay, under section 35(1)(iii) of the Income-tax Act, 1961, vide Ministry of Finance (Department of Revenue & Insurance) Notification No. 1153 (F. No. 203/157/75-ITA.II) dated 19-11-1975, is hereby withdrawn with effect from 13-8-1985.
Notification No.S.O.5200 – Income Tax In continuation of this office Notification No. 5968 (F. No. 203/154/84-ITA. II) dated 10-9-1984, it is hereby notified for general information that the Institution mentioned below has been approved by the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/one/two) of the Income-tax Act
Notification No.S.O.463 – Income Tax In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “The Indo-Arab Society”, for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88
Circular No. 434-Income Tax Estate Duty (Amendment) Act, 1985 1. The Estate Duty (Amendment) Bill, 1985 as passed by Parliament received the assent of the President on September 2, 1985 and has been enacted as Act No. 52 of 1985. This circular explains the substance of the provisions contained in the Estate Duty (Amendment) Act, 1985 (hereinafter referred to as the Amendment Act).
Notification No.5138 – Income Tax In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Sri Mahalingaswami Devasthanam, Thiruvidaimarudur”, for the purpose of the said section for the period covered by the assessment years 1980-81 to 1982-83
Notification No. S.O.4753 – Income Tax In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Sri Vedantha Desikar Devasthanam, Mylapore “, for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88.
