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Latest Articles


FAQs on Benami Property Transactions and Definitions

Income Tax : The Income Tax Department has issued comprehensive FAQs explaining what constitutes a benami property and benami transaction under...

June 20, 2026 4305 Views 0 comment Print

FAQs on taxation of charitable or religious trusts under Income Tax Act, 1961

Income Tax : The Income Tax Department has issued detailed FAQs explaining registration, audit, return filing, investment norms, and tax exempt...

June 20, 2026 15237 Views 2 comments Print

FAQs on interest under section 234A, 234B, 234C and 234D

Income Tax : The Income Tax Department explains when interest is payable for delayed return filing, advance tax defaults, deferment of instalme...

June 20, 2026 12405 Views 0 comment Print

ITAT Quashes Section 153C Assessment Due to Lack of Independent Satisfaction

Income Tax : ITAT Jaipur held that proceedings under Section 153C are invalid where the Assessing Officer merely reproduces information from th...

June 20, 2026 81 Views 0 comment Print

FAQs on intimation under section 143(1) of Income Tax Act, 1961

Income Tax : The Income Tax Department explains how CPC processes returns under Section 143(1) by correcting apparent errors and incorrect clai...

June 20, 2026 6819 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 147 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 6157 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 1833 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 3900 Views 1 comment Print


Latest Judiciary


ITAT Annuls Section 153A Assessment as Search Warrant Was Not in Assessee’s Name

Income Tax : The Tribunal affirmed the CIT(A)'s order annulling assessments because the search was not conducted in the assessee's name. It als...

June 20, 2026 42 Views 0 comment Print

ITAT Rejects Recall Plea as COVID Limitation Extension Not Apply to Assessment Proceedings

Income Tax : The ITAT held that the Supreme Court’s COVID-19 limitation extension did not apply to statutory timelines for completing income-...

June 20, 2026 39 Views 0 comment Print

ITAT Deletes GP Addition as AO Failed to Reject Books Under Section 145(3)

Income Tax : The ITAT Raipur held that estimated gross profit addition on unrecorded sales cannot be sustained when the Assessing Officer has n...

June 20, 2026 45 Views 0 comment Print

Karnataka HC Orders Refund After Entire Tax Demand Was Recovered Despite Interim Stay

Income Tax : The Karnataka High Court set aside the impugned order after finding that the entire tax demand had been recovered despite an inter...

June 20, 2026 48 Views 0 comment Print

ITAT Deletes MAT Addition Because Convertible Debentures Were Not Compound Financial Instruments

Income Tax : The ITAT Mumbai held that the assessee's convertible debentures lacked the liability component required for classification as Comp...

June 20, 2026 45 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 49185 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 753 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


Notification No. S.O.2673 – Income Tax Dated 28/5/1983

May 28, 1983 396 Views 0 comment Print

Notification No- S.O.2673 – Income Tax In continuation of the Office Notification No. 3612 (F. No. 203/17/80-ITA. II) dated 29-1-1980, 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 of the

Circular No. 357 – Income Tax dated 26-5-1983

May 26, 1983 480 Views 0 comment Print

Circular No. 357 – Income Tax Attention is invited to the Board’s Circular No. 326, dated 6-2-1982 issued from File No. 319/15/80-WT [printed here as Clari­fication 3] on the above subject. In view of various practical difficulties in implementing this circular the Board makes the following broad guidelines for the valuation of lands comprised in coffee plantations in order to have some uniform procedure for speedy completion of the pending assessments as far as Karnataka charges are concerned

Notification No. S.O.2730 – Income Tax Dated 25/5/1983

May 25, 1983 456 Views 0 comment Print

Notification No- S.O.2730 – Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies The Society of the Franciscan Servants of Mary for the purpose of the said section for the period covered by the assessment years 1980-81 to 1983-84

Notification No. S.O.2729 – Income Tax Dated 25/5/1983

May 25, 1983 483 Views 0 comment Print

Notification No- S.O.2729 – Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Ahobia Lakshmi Nrisimha Sabha (Regd), New Delhi, for the purpose of the said section for the period covered by the assessment years 1982-83 to 1984-85

Notification No. S.O.2486 – Income Tax Dated 19/5/1983

May 19, 1983 462 Views 0 comment Print

Notification No- S.O.2486 – Income Tax It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, by the Department of Science & Technology, New Delhi

Notification No. S.O.2485 – Income Tax Dated 19/5/1983

May 19, 1983 546 Views 0 comment Print

Notification No- S.O.2485 – Income Tax 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 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the

Notification No. S.O.2807 – Income Tax Dated 18/5/1983

May 18, 1983 483 Views 0 comment Print

Notification No- S.O.2807 – Income Tax 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 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the

Notification No. S.O.2806 – Income Tax Dated 18/5/1983

May 18, 1983 471 Views 0 comment Print

Notification No- S.O.2806 – Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Central Board of Direct Taxes for the purposes of clause (a) of sub-section (2) of section 35D of the Income-tax Act, 1961, in the field of management consultancy only

Notification No. S.O.2805 – Income Tax Dated 18/5/1983

May 18, 1983 477 Views 0 comment Print

Notification No- S.O.2805 – Income Tax In continuation of the office Notification No. 2457 (F. No. 203/55/78-IIA–II) dated 2-8-78, 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 (iii) of sub-section (1) of section 35 of the

Notification No. S.O.2672 – Income Tax Dated 18/5/1983

May 18, 1983 429 Views 0 comment Print

Notification No- S.O.2672 – Income Tax In continuation of the Office Notification No. 4139 (F. No. 203/120/81-ITA. II) dated 28th July, 1981, 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 purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the category “Association

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