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175 Legal Compliances and Legal Updates for July-2026 in India

CA, CS, CMA : A comprehensive guide covering 175 legal compliances for July 2026 under FEMA, Income Tax, GST, SEBI, Companies Act, Labour Laws, ...

July 6, 2026 54987 Views 2 comments Print

Meaning of Relatives​ Under Income Tax Act, 1961

Income Tax : The Income-tax Act does not prescribe a single definition of "relative" for all purposes. Different provisions such as Sections 13...

July 6, 2026 18369 Views 1 comment Print

TDS- Section 194IA Payment on transfer of immovable property

Income Tax : Understand when 1% TDS applies on purchase of immovable property under Section 194-IA. Learn the Rs. 50 lakh threshold, compliance...

July 4, 2026 447150 Views 44 comments Print

Lower / Nil TDS Certificate for NRI Payments: Form 128 & Form 129

Income Tax : This guide explains when NRIs should use Form 128 and when payers should use Form 129 to reduce or eliminate excess TDS. It also c...

July 3, 2026 417 Views 0 comment Print

Profit Below 6%: Has New Law Changed Old Section 44AD–44AB Principle?

Income Tax : The article argues that Section 58(3) of the Income-tax Act, 2025 does not independently mandate books of account or tax audit for...

July 3, 2026 5289 Views 0 comment Print


Latest News


Salient Features of Income Tax Act 2025

Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...

April 29, 2026 9930 Views 0 comment Print

Free Live Webinar: Decoding the New Income Tax Act, 2025

Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...

April 5, 2026 8715 Views 0 comment Print

Income Tax Raid Details Cannot Be Shared Due to Legal Confidentiality

Income Tax : The government informed Parliament that taxpayer-specific details of income tax searches cannot be disclosed due to confidentialit...

March 18, 2026 783 Views 0 comment Print

No New Digital Search Powers Under Section 247 of New Income Tax Act 2025

Income Tax : The Government clarified that the new income tax search provision does not expand powers or permit AI-based digital surveillance, ...

February 10, 2026 2145 Views 0 comment Print

Representation for Streamlining Sections 12AB and 80G Registration & Renewal

Income Tax : The representation highlights large-scale pendency and administrative bottlenecks under Sections 12AB and 80G, urging immediate re...

January 8, 2026 5070 Views 1 comment Print


Latest Judiciary


Section 223(1) BNSS Hearing Mandatory Before Cognizance Under Income-tax Act: Madras HC

Income Tax : Madras HC set aside cognizance under the Income-tax Act, holding Section 223(1) BNSS mandates hearing the accused before cognizanc...

July 5, 2026 177 Views 0 comment Print

Section 143(2) Notice & Valid Draft Assessment Mandatory U/s 144C: ITAT Mumbai

Income Tax : ITAT Mumbai quashed reassessment after finding no Section 143(2) notice and that the AO issued a final order disguised as a draft ...

July 5, 2026 222 Views 0 comment Print

Section 148 Notice Quashed for Lack of Live Nexus With Seized Material: Gujarat HC

Income Tax : Gujarat HC quashed a Section 148 notice, holding that a seized inquiry register without a live nexus to the assessee cannot justif...

July 5, 2026 189 Views 0 comment Print

Section 149 Limitation Bars Section 148 Reassessment Based on Search Material: Gujarat HC

Income Tax : Gujarat HC quashed Section 148 reassessment as it was issued beyond Section 149 limitation, holding Section 152(3) applies to sear...

July 5, 2026 210 Views 0 comment Print

Draft Assessment Ignoring Filed Return Set Aside for Fresh Consideration: Madras HC

Income Tax : Madras HC held that merely issuing a corrigendum acknowledging the return did not rectify the defective assessment process and ord...

July 4, 2026 123 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 25, 2026 330 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 25, 2026 177 Views 0 comment Print

CBDT Grants Section 35 Approval to Shree Hari Arogyam Foundation

Income Tax : The Principal Chief Commissioner of Income Tax (Exemptions) approved the company under Section 35(1)(iia) for scientific research ...

May 12, 2026 414 Views 0 comment Print

CBDT Notifies India-Japan Tax Recovery Pact

Income Tax : The government enforced a tax collection assistance agreement with Japan effective from 8 July 2025. The notification enables cros...

April 2, 2026 981 Views 0 comment Print

CBDT revises Mandatory DIN Requirement to align with Finance Act 2026

Income Tax : CBDT updated DIN rules to align with new provisions introduced under the Finance Act, 2026. The circular mandates DIN for most tax...

March 31, 2026 3405 Views 0 comment Print


ITAT Quashes Assessment Order Passed Without Complying Section 144C Provisions

May 5, 2025 1209 Views 0 comment Print

ITAT Delhi quashes final assessment order passed without a mandatory draft order under Section 144C(1), deeming it void from the beginning.

ITAT Sets Aside CIT(A) Order on Cash Deposits, Directs Fresh Review with AO Input

May 5, 2025 720 Views 0 comment Print

ITAT Cochin sets aside CIT(A) ruling on Kochin Co-op Society’s cash deposits; directs reassessment following procedural lapse in evidence review.

Tax Loss Cannot Be Reduced by Unserved Section 143(1) Intimation: ITAT Ahmedabad

May 5, 2025 1836 Views 0 comment Print

ITAT Ahmedabad rules that a GST intimation under section 143(1) is invalid if not served within the prescribed time limits to the assessee.

ITAT Confirms Section 69 ₹4.1 Crore Addition for Unexplained Investment

May 5, 2025 1023 Views 0 comment Print

ITAT Surat confirms ₹4.10 Cr addition u/s 69 for unexplained investment, upholds authority to dismiss cases for non-compliance.

Business Expenditure for Group Investments Allowable Even Without Income: ITAT Delhi

May 5, 2025 789 Views 0 comment Print

ITAT Delhi deletes business expense and Section 14A disallowances for NDTV Networks, remits director pay issue to AO.

Section 234E Late Fee for TDS Delays Applies Post-June 1, 2015: Kerala HC

May 5, 2025 978 Views 0 comment Print

Kerala High Court rules Section 234E late fee for TDS statement delays applicable only from June 1, 2015, quashes earlier demands.

Section 50C of Income Tax Act Applies to Leasehold Property Transfer: Bombay HC

May 4, 2025 2214 Views 0 comment Print

Bombay High Court rules that Section 50C of the Income Tax Act applies to the transfer of capital assets held under leasehold rights.

Calcutta HC Affirms 8-Year-Old Income Tax Transfer Order

May 4, 2025 462 Views 0 comment Print

Calcutta High Court upholds a transfer order under Section 127 of the Income Tax Act, passed eight years prior, after examining due process.

ITAT remands Rs 4.73 Crore Capital Gains Disallowance Appeal to CIT(A)

May 4, 2025 423 Views 0 comment Print

Hyderabad ITAT sends Thirupathi Rao Naineni’s appeal against Rs 4.73 crore capital gains disallowance back to CIT(A) for fresh hearing.

CIT(A) Error in ₹16.89 Cr Capital Loss: ITAT Restores case to AO for Verification

May 4, 2025 387 Views 0 comment Print

 ITAT Mumbai directs AO to verify long-term capital loss after CIT(A) incorrectly noted Rs. 16.89 lakhs instead of Rs. 16.89 crores.

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