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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 588 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 228 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 378 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 97230 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 10293 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 6049 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 1617 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 3735 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 3963 Views 0 comment Print


Latest Judiciary


Section 154 Rectification Allowed for Inadvertent LTCG Error in ITR: ITAT Kolkata

Income Tax : The Tribunal held that an inadvertent mistake in Schedule 112A relating to the acquisition period of mutual fund units could be re...

June 11, 2026 33 Views 0 comment Print

Loose Papers Alone Cannot Justify Income Tax Reopening Without Corroborative Evidence: Gujarat HC

Income Tax : The Court held that reassessment proceedings cannot be sustained merely on the basis of an unsigned and unauthenticated loose pape...

June 11, 2026 36 Views 0 comment Print

ITAT Remands Reassessment Case Due to Failure to Examine Additional Evidence

Income Tax : ITAT Delhi set aside the assessment after finding that the assessees additional evidence had not been properly scrutinized by the ...

June 11, 2026 45 Views 0 comment Print

Concessional Tax Rate Cannot Be Denied Solely for Form 10-IC Late Filing: ITAT Delhi

Income Tax : The Tribunal held that delayed filing of Form 10-IC should not defeat the assessee's substantive right to opt for the concessional...

June 11, 2026 60 Views 0 comment Print

TDS Under Section 194J Alone Cannot Determine Nature of Income for presumptive taxation

Income Tax : The Tribunal held that deduction of tax under Section 194J cannot automatically classify receipts as professional income. Tax auth...

June 11, 2026 81 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 45282 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 570 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


Section 11 & 12 Exemption cannot Be Denied Merely for Late Form 10B, Corpus Donations Exemption Cannot Be Denied Without Hearing

October 1, 2025 1098 Views 0 comment Print

Chennai ITAT set aside the denial of Sections 11 & 12 tax exemption to a Trust, directing the AO to re-examine the claim after the CCIT decides on the pending Form 10B late filing condonation petition.

Mindless Copy-Paste by CIT(A) Set Aside -ITAT Chennai Restores Appeal

October 1, 2025 678 Views 0 comment Print

Chennai ITAT restored an appeal after the CIT(A) erroneously dismissed it by copying a previous year’s order, citing a failure of natural justice and lack of due adjudication.

ITAT Relieves Senior Citizen from Section 271D Penalty on Property Sale Cash

October 1, 2025 2913 Views 0 comment Print

Bangalore ITAT cancelled a penalty u/s 271D on an 82-year-old for receiving Rs.10 lakh cash from a property sale, finding “reasonable cause” u/s 273B due to his bona fide belief and the transaction’s genuineness.

Alternative schooling or Gurukulam systems without formal recognition not qualify for 12AB/80G registration

October 1, 2025 798 Views 0 comment Print

A summary of the ITAT Chennai’s ruling, which reaffirmed the precedents in Loka Shikshana Trust and New Noble Educational Society, emphasizing that charitable activities must involve formal, scholastic learning and genuine application of income to charitable objects.

ITAT Orders Fresh Hearing on Unexplained Cash Deposits of ₹1.49 Cr & Peak Credit Method

October 1, 2025 516 Views 0 comment Print

Bangalore ITAT restored a case involving Rs.1.49 crore in unexplained cash deposits for fresh assessment, directing the AO to re-examine the source and the CIT(A)’s application of the peak credit method.

Old Trade Payables Cannot Be Taxed Again Under Section 68: ITAT Chennai

October 1, 2025 1080 Views 0 comment Print

The ITAT Chennai quashed additions under Section 68 against Arusuvai Food Processors, ruling that the provision only applies to fresh unexplained credits during the Assessment Year, not to genuine, consistently disclosed brought-forward trade payables.

Surplus from Trade Fairs Not Commercial: ITAT Restores Charitable Registration

October 1, 2025 531 Views 0 comment Print

Chennai ITAT directed the grant of charitable registration u/s 10(23C)(iv) to a trade promotion body, holding its activities as public utility, citing binding precedents on ITPO’s identical case.

Doctor’s Family Gift Claim Rejected: ITAT Upholds ₹69.5 Lakh LIC Investment Addition

October 1, 2025 393 Views 0 comment Print

A summary of ITAT Chennai’s order in Shanmugasundaram Venkatachalapathy Vs ITO, which sustained both unexplained investment under Section 69 and professional receipts found via Form 26AS but not declared in income tax return.

High Court’s Admission of PE Dispute Shows Issue Debatable – ITAT Cancels Penalty

September 30, 2025 786 Views 0 comment Print

Chennai ITAT cancelled the penalty u/s 270A on Redington’s Singapore subsidiary, holding that the existence of a Permanent Establishment (PE) was a debatable issue settled via MAP, not under-reported income.

Sporadic Land Sales After 22 Years Held as Capital Gains, Not Business Income: ITAT Chennai

September 30, 2025 525 Views 0 comment Print

Chennai ITAT ruled that surplus from land sold after 20+ years was Capital Gain, not business income, as sporadic transactions and long holding period negated intent to trade.

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