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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 55020 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 18408 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 447957 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 420 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 5331 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 9942 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 8724 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 786 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 189 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 228 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 207 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 222 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 132 Views 0 comment Print


Latest Notifications


FAQs on Section 536 Transition Provisions Under Income-Tax Act 2025

Income Tax : CBDT FAQs clarify Section 536 transition rules for summons, searches, recovery, penalties, pending 12AB/80G approvals and LDC/NDC ...

July 8, 2026 48 Views 0 comment Print

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 984 Views 0 comment Print


ITAT Kolkata Quashes Assessment Order for Violation of Natural Justice

March 28, 2024 5604 Views 0 comment Print

Read the full text of ITAT Kolkata’s order in Kanchan Vanijya Pvt Ltd Vs ACIT case, where the assessment order was quashed due to violation of principles of natural justice.

Section 251 not empowers CIT(A) to discover new income source: ITAT Ahmedabad

March 28, 2024 1407 Views 0 comment Print

Analysis of Rotex Enterprises P. Ltd. Vs DCIT case: CIT(A) exceeded jurisdiction under section 251, ITAT Ahmedabad rules, disallowances unsustainable.

Madras HC disposes Petitions Challenging Sections 115WA to 115WL

March 28, 2024 1125 Views 0 comment Print

Read about Salem Textiles Ltd. Vs Union of India. Madras High Court rules on the constitutionality of Income Tax Act provisions 115 WA(2) and 115 WB(2)& (1).

ITAT Quashes Assessment Order for Lack of Property Valuation Report

March 28, 2024 1656 Views 0 comment Print

Read the detailed analysis of the ITAT Hyderabad order quashing the assessment for A.Y. 2009-10 due to absence of property valuation report. Learn about the case of Khairunnisa Vs ITO.

Section 43B(h): Disallowances of expenses due to non-payment to MSMEs

March 28, 2024 26460 Views 0 comment Print

Explore Section 43B (h) of the Income Tax Act, 1961, analyzing disallowances of expenses due to non-payment to MSMEs. Effective from FY 2023-24.

ITAT quashes Section 263 revision order in absence of any invalidity in JDA amendment 

March 27, 2024 648 Views 0 comment Print

Read the full text of the ITAT Ahmedabad order where the revision order against Rameshlal Bullchand Ambwani is quashed due to lack of valid reasons for JDA amendment.

Mere classification of a supplier as a “bogus concern” doesn’t invalidate transactions outright

March 27, 2024 1143 Views 0 comment Print

Explore case of Polyspin Filteration India Pvt. Ltd. vs ITO, Delhi, shedding light on legal principle that VAT authorities’ classification of a supplier as bogus doesn’t automatically invalidate transactions, requiring factual scrutiny.

Section 270A(9)(a) Penalty Cannot be Levied for Adhoc Disallowance of Expenditure

March 27, 2024 4686 Views 0 comment Print

VDB Infra vs. ITO: ITAT Bangalore case involves TDS deduction dispute resulting in penalty deletion under Section 270A(9)(a) by the tribunal.

ITAT directs CIT(A) to Condone 857-Day Delay considering change in residence & age

March 27, 2024 1191 Views 0 comment Print

ITAT Chennai directs condonation of delay in appeal filing due to valid reasons including 56 pre-COVID days, advancing substantial justice.

Madras HC Orders Disposal of CIT(A) Appeal on Section 80B(2) Deduction

March 27, 2024 477 Views 0 comment Print

Get insights on Madras HC’s directive for swift disposal of an income tax appeal regarding Section 80B(2) deduction pending before CIT(A) for 5 years.

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