CA, CS, CMA : A comprehensive guide covering 175 legal compliances for July 2026 under FEMA, Income Tax, GST, SEBI, Companies Act, Labour Laws, ...
Income Tax : The Income-tax Act does not prescribe a single definition of "relative" for all purposes. Different provisions such as Sections 13...
Income Tax : Understand when 1% TDS applies on purchase of immovable property under Section 194-IA. Learn the Rs. 50 lakh threshold, compliance...
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...
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...
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...
Income Tax : The government informed Parliament that taxpayer-specific details of income tax searches cannot be disclosed due to confidentialit...
Income Tax : The Government clarified that the new income tax search provision does not expand powers or permit AI-based digital surveillance, ...
Income Tax : The representation highlights large-scale pendency and administrative bottlenecks under Sections 12AB and 80G, urging immediate re...
Income Tax : Madras HC set aside cognizance under the Income-tax Act, holding Section 223(1) BNSS mandates hearing the accused before cognizanc...
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 ...
Income Tax : Gujarat HC quashed a Section 148 notice, holding that a seized inquiry register without a live nexus to the assessee cannot justif...
Income Tax : Gujarat HC quashed Section 148 reassessment as it was issued beyond Section 149 limitation, holding Section 152(3) applies to sear...
Income Tax : Madras HC held that merely issuing a corrigendum acknowledging the return did not rectify the defective assessment process and ord...
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...
Income Tax : CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval i...
Income Tax : The Principal Chief Commissioner of Income Tax (Exemptions) approved the company under Section 35(1)(iia) for scientific research ...
Income Tax : The government enforced a tax collection assistance agreement with Japan effective from 8 July 2025. The notification enables cros...
Income Tax : CBDT updated DIN rules to align with new provisions introduced under the Finance Act, 2026. The circular mandates DIN for most tax...
Bombay HC admitted the Revenue’s appeal on AMP expenditure and payments to doctors, holding both require judicial examination. It refused to admit the depreciation issue as earlier rulings had been accepted without any change in facts.
Learn how business and professional income is computed under the Income-tax Act after the Finance Act, 2026. This guide explains taxable receipts, deductions, audits, presumptive taxation, and compliance requirements.
The High Court held that failure to pass the order giving effect within the time prescribed under Section 153 resulted in abatement of the assessment proceedings. It ruled that the penalty under Section 271(1)(c) could not survive once the assessment itself had abated.
The Delhi High Court held that an assessment relying on a seized document and its author’s statement cannot be sustained without providing a real opportunity for cross-examination. The matter was remitted for fresh adjudication.
The High Court held that the CIT(A) admitted additional evidence without recording reasons in writing and without giving the Assessing Officer an opportunity to examine or rebut it, contrary to Rule 46A. The matter was remanded for fresh adjudication after following the prescribed procedure.
The Karnataka High Court allowed withdrawal of the writ petition and granted liberty to file an appeal under Section 260A of the Income-tax Act.
The Calcutta High Court held that the PCIT was not authorised to condone the delay in filing Form 10-IC for AY 2024-25 as the applicable CBDT circular covered only earlier assessment years. The Court quashed the order and directed the petitioner to approach the CBDT.
The Delhi High Court held that a reassessment notice issued beyond the prescribed limitation period was without jurisdiction. It quashed both the Section 148 notice and the consequential assessment order.
The High Court upheld the dismissal of a writ petition seeking action on an alleged tax evasion complaint, holding that no case for issuing a writ of mandamus was made out at that stage. It found no illegality or jurisdictional error in the Single Judge’s order.
The article explains how the Finance Acts, 2025 and 2026 have reshaped the Updated Return regime under Section 139(8A). It highlights the extended filing timeline and the revised rules governing reassessment proceedings.
