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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


Appeals under Income-tax Act 2025 Vs. Income-tax Act, 1961

Income Tax : Sections 356-374 restructure appellate provisions with clearer drafting while retaining the existing appeal hierarchy and taxpayer...

July 2, 2026 93 Views 0 comment Print

Assessment under Section 270 of Income Tax Act, 2025

Income Tax : Section 270 of the Income-tax Act, 2025 consolidates return processing and scrutiny assessment into one framework while introducin...

July 2, 2026 84 Views 0 comment Print

Income Escaping Assessment & Related Sections: Income Tax Act 2025

Income Tax : The law permits reassessment only where the Assessing Officer has information indicating escaped income and follows the prescribed...

July 2, 2026 66 Views 0 comment Print

Section 268 – Inquiry before Assessment under Income Tax Act, 2025

Income Tax : Section 268 of the Income-tax Act, 2025 brings inquiry, information gathering and special audit provisions into one structured fra...

July 2, 2026 72 Views 0 comment Print

Employees Need Not Pay Tax Again if Employer Failed to Deposit TDS: ITAT Kolkata

Income Tax : ITAT Kolkata held that employees should not bear tax liability again where TDS was deducted but not deposited by the employer....

July 2, 2026 1062 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 285 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 6271 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 327 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 2031 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 4047 Views 1 comment Print


Latest Judiciary


Section 271D Penalty Cannot Survive Without Recorded Satisfaction: Gujarat HC

Income Tax : Gujarat High Court upheld deletion of the Section 271D penalty, holding that absence of recorded satisfaction in the assessment or...

July 2, 2026 63 Views 0 comment Print

No Satisfaction in Assessment Order: ITAT Surat Quashes Section 271D Penalty

Income Tax : ITAT Surat held that absence of satisfaction in the assessment order invalidated the Section 271D penalty, following the Supreme C...

July 2, 2026 57 Views 0 comment Print

Section 153C Notices Quashed as Satisfaction Note Was Recorded Nearly 10 Months Late

Income Tax : Bombay High Court held Section 153C notices invalid as the satisfaction note was not recorded immediately after the searched perso...

July 2, 2026 63 Views 0 comment Print

Bombay HC Dismissed Revenue Appeal as It Did Not Challenge CIT(A)’s Order

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...

July 2, 2026 57 Views 0 comment Print

Employer Not Liable to Refund TDS Due to Non-Filing of Form 10E: Madras HC

Income Tax : The Madras High Court ruled that employers cannot grant Section 89 relief or refund TDS unless employees submit Form 10E under Sec...

July 2, 2026 60 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 291 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 141 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 51150 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 978 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 783 Views 0 comment Print


Notification No. S.O.5507-Income Tax, Dated: 30.10.1985

October 30, 1985 337 Views 0 comment Print

In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Sri Virupaksha Vidyaranya Mutt Samsthanam, Hospet”, to be a place of public worship of renown throughout the State of Karnataka.

Notification No. S.O.5382-Income Tax, Dated: 29.10.1985

October 29, 1985 448 Views 0 comment Print

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 “Ramakrishna Vedanta Math, Calcutta”, for the purpose of the said section for the period covered by the assessment years 1984-85 to 1987-88.

Notification No. S.O.304-Income Tax, Dated: 29.10.1985

October 29, 1985 571 Views 0 comment Print

Central Institute of Agricultural Engineering, Addl. A-Block, IInd Floor, Guru Tegh Bahadur Complex, T.T. Nagar, Bhopal-462 003.

Notification No. S.O.303-Income Tax, Dated: 25.10.1985

October 25, 1985 589 Views 0 comment Print

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.

CIT vs M.K. Brothers (Gujarat High Court), (1987) 163 ITR 249

October 25, 1985 7372 Views 0 comment Print

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.

Notification No. S.O.5506-Income Tax, Dated: 22.10.1985

October 22, 1985 379 Views 0 comment Print

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.

Notification No. S.O.5505-Income Tax, Dated: 18.10.1985

October 18, 1985 349 Views 0 comment Print

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.

Notification No. S.O.5504-Income Tax, Dated: 18.10.1985

October 18, 1985 415 Views 0 comment Print

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.

Notification No. S.O.5646-Income Tax, Dated: 17.10.1985

October 17, 1985 364 Views 0 comment Print

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 Dated 16/10/1985

October 16, 1985 579 Views 0 comment Print

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

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