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Latest Articles


ITR Filing 2026: Important Due Dates, Budget 2026 Updates & Strategies

Income Tax : Budget 2026 has extended the due dates for ITR-3, ITR-4, and revised returns, offering taxpayers greater flexibility. Understandin...

June 10, 2026 345 Views 0 comment Print

Sikkim: India’s Only Income Tax-Free State and the Law Behind It

Income Tax : Relocating to Sikkim does not automatically exempt you from income tax. This article explains who qualifies under Section 10(26AAA...

June 10, 2026 168 Views 0 comment Print

8 Legal Ways to Save Income Tax in India for Business Owners & Freelancers

Income Tax : The article outlines practical methods through which business owners and professionals can legally minimise their tax burden. It h...

June 10, 2026 300 Views 0 comment Print

Section 54 Exemption for Capital Gains on Residential Property Transfer

Income Tax : Section 54 grants exemption on long-term capital gains from the sale of a residential house because the proceeds are reinvested in...

June 10, 2026 96957 Views 4 comments Print

E-Payment of Direct Taxes: Simplifying Tax Payments

Income Tax : The Income-tax Act mandates e-payment of direct taxes for companies and taxpayers covered under Section 44AB, while others may opt...

June 10, 2026 10260 Views 0 comment Print


Latest News


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 6043 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 231 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 1602 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 3720 Views 1 comment Print

Representation for timely release of e-filing utilities for ITR for AY 2026-27

Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...

May 13, 2026 3957 Views 0 comment Print


Latest Judiciary


Notional Market Rent Cannot Override Actual Rent Without Evidence of Suppression: ITAT Mumbai

Income Tax : The Tribunal held that actual rent received under genuine, registered agreements cannot be replaced with hypothetical market rent ...

June 11, 2026 9 Views 0 comment Print

ITAT Deletes Investment Addition as Bank Records Proved Source of Funds Despite Non-Production of Mother

Income Tax : ITAT found that the assessee had sufficient cash resources to meet the impugned credit card payments. Since the authorities did no...

June 11, 2026 12 Views 0 comment Print

Refund Cannot Be Adjusted Against Disputed Demand Pending Appeal & Stay Application: Calcutta HC

Income Tax : The Calcutta High Court held that refund adjustment against a disputed tax demand was unsustainable when both a stay application a...

June 11, 2026 12 Views 0 comment Print

Delhi HC questions Denial of Prepaid Tax Credit Solely Because Return Was Filed After Section 148 Notice

Income Tax : The High Court questioned the Revenue's refusal to grant credit for advance tax and TDS despite substantial amounts already lying ...

June 11, 2026 27 Views 0 comment Print

ITAT Deletes PF-ESI Addition as COVID-19 Hardship and EPFO Relief Were Ignored

Income Tax : The ITAT Jodhpur deleted the disallowance relating to delayed PF and ESI deposits, holding that the impact of the COVID-19 pandemi...

June 11, 2026 27 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 45126 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 564 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 492 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 165 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 138 Views 0 comment Print


CPC Cannot Deny Section 115BAB Tax Rate Without Hearing: ITAT Ahmedabad

October 30, 2025 894 Views 0 comment Print

This ITAT Ahmedabad decision rules that the Centralised Processing Centre (CPC) cannot summarily reject a new manufacturing company’s claim for the 22% tax rate under section 115BAB during processing under section 143(1) without issuing a prior intimation. The Tribunal held that the eligibility for the concessional rate is a debatable issue that cannot be adjusted as a “mistake apparent from record.”

Provision for Salary Arrears Held Allowable When Made Pursuant to Court Order: ITAT Guwahati

October 30, 2025 597 Views 0 comment Print

The Tribunal upheld that a provision made for arrears of VDA, PFD, and HRA pursuant to a High Court directive represented a crystallized liability. Since the assessee’s obligation was judicially enforceable, the expenditure was allowable. Disallowance was correctly limited to 30% under Section 40(a)(ia) for TDS non-compliance.

Commission from Marketing Members’ Produce Eligible for 80P Deduction: ITAT Delhi

October 30, 2025 453 Views 0 comment Print

ITAT Delhi held that commission earned by a cooperative society from marketing sugarcane grown by its members qualifies as business income under Section 80P(2)(a)(iii), not as income from other sources.

Section 69A/69B: Excel noting retracted statements cannot justify additions – ITAT Mumbai

October 30, 2025 606 Views 0 comment Print

ITAT Mumbai held that reassessment orders issued outside the Faceless Scheme and without a valid DIN were void ab initio, striking down additions under Sections 69A/69B.

Cash Deposits for Clients Not Assessee’s Own Funds: Section 69A Inapplicable

October 30, 2025 855 Views 0 comment Print

The ITAT Rajkot deleted a ₹61 lakh addition made under Section 69A, ruling the funds belonged to clients of the assessee who acted as a sub-share broker. The Tribunal held that Section 69A is inapplicable as the assessee was not the owner of the money, which was meant for derivative transactions.

No Section 271(1)(c) Penalty on Estimated Presumptive Additions

October 30, 2025 657 Views 0 comment Print

The Tribunal found that additions made purely on estimated profit percentages cannot attract concealment penalty. Since no specific inaccuracy or suppression was proven, ITAT deleted the penalty in full. The ruling aligns with precedents from Delhi, Rajasthan, Punjab & Haryana, and Gujarat High Courts.

ITAT Deletes LTCG Addition as “Human Probability” Can’t Replace Evidence

October 30, 2025 696 Views 0 comment Print

ITAT Delhi deleted a ₹47 lakh bogus LTCG addition, holding that ‘human probability’ cannot override transactions conducted through stock exchange, demat, and banking channels. Mere high profit does not make a transaction bogus.

Reassessment Quashed for Addition Based on Retracted Search Statements & missing DIN

October 30, 2025 840 Views 0 comment Print

Mumbai ITAT deleted a ₹4.20 lakh addition, quashing the reassessment because the addition was based solely on uncorroborated, retracted search statements and “dumb documents.” The tribunal ruled that once retracted, statements lose evidentiary value without independent verification.

NFAC Order Set Aside for Ignoring Written Submissions & Failure to Record Reasons

October 30, 2025 747 Views 0 comment Print

The ITAT Panaji set aside the NFAC order that confirmed a ₹9.81 crore tax addition after finding the NFAC failed to consider the assessees detailed online submissions. The key takeaway is that an adverse order passed without considering key submissions is invalid and violates natural justice principles.

No Second Guessing AO’s Judgment – ITAT Nullifies PCIT’s 263 Revision as Overreach

October 30, 2025 261 Views 0 comment Print

PCIT initiated a Section 263 revision over AO’s failure to disallow cash payments under Section 40A(3). ITAT held that since AO had conducted adequate inquiry and taken a plausible view, revision was an invalid overreach and quashed order. The ruling affirms that a mere difference in opinion doesn’t satisfy twin conditions for invoking Section 263.

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