Sponsored
    Follow Us:

income tax act

The income tax act defines Income tax and laws related to income tax. It covers income tax levy, collection, administration, and recovery. Income tax acts and income tax laws get changed/updated from time to time. Read our Latest News and Updated on the Income-tax act and Articles on the income tax act to understand the income tax act and its sections. Read our articles to understand income tax act section 10, income tax act section 24, income tax act section 54, income tax act section 80c, income tax act 44ad, income tax bare act, etc.

Latest Articles


ESG: Leveraging Data for Profits and Growth Amid Policy Shifts

Income Tax : ESG principles continue to evolve globally, with a need for sector-specific standards, data monitoring, and improved reporting for...

May 30, 2025 885 Views 0 comment Print

Audit Trails and maintaining a Log – Understand with a Scenario

CA, CS, CMA : Understand audit trail requirements under various laws in India, including the Companies Act, Income Tax, GST, and SEBI regulation...

April 3, 2025 975 Views 0 comment Print

Analysis of Notifications and Circulars for Week ending 23rd March 2025

CA, CS, CMA : Key updates on Income Tax, GST, Customs, and more, including tax data sharing, high-risk e-verification, and recent judicial rulin...

March 25, 2025 4503 Views 0 comment Print

TDS on Non Resident Payments

Income Tax : Learn about TDS on payments to non-residents, including business connection rules, royalty provisions, and significant economic pr...

March 17, 2025 6630 Views 0 comment Print

Analysis of Notifications and Circulars for Week ending 2nd March 2025

CA, CS, CMA : Summary of income tax, GST, customs, SEBI, RBI, and IBC updates for the week ending March 2, 2025. Includes regulatory changes, co...

March 4, 2025 4416 Views 0 comment Print


Latest News


Govt. Clarifies Tax Exemption for STs, No New Proposals

Income Tax : Govt. confirms no changes to the process of tax exemptions for STs in Meghalaya, clarifying no certificates are needed to claim ex...

December 6, 2024 453 Views 0 comment Print

Celebrating Income Tax Day 2024: A Journey of Transformation

Income Tax : Explore Income Tax Day 2024s history, significance, and key updates from Budget 2024-25, including enhanced deductions and revised...

July 23, 2024 312 Views 0 comment Print

Representation Regarding Glitches In The Income Tax Portal

CA, CS, CMA : KSCAA addresses glitches in the Income Tax portal, highlighting challenges faced by taxpayers and professionals, in a representati...

July 23, 2024 2988 Views 0 comment Print

5 Including Ex-ITO sentenced to 3 Yrs Jail; CBI Arrests CGST Superintendent for Bribe

Goods and Services Tax : CBI arrests a CGST Superintendent for accepting a bribe of Rs. 10,000, while designated courts in Ahmedabad and Madurai sentence f...

February 28, 2024 1140 Views 0 comment Print

Join Live webinar on Taxation Critical Issues & Solution

Income Tax : Live webinar – Taxation Critical Issues & Solution Did you know our Indian Tax System is extremely vulnerable? Let me te...

February 15, 2024 2610 Views 0 comment Print


Latest Judiciary


Delay in filing Audit Report in Form 10B due to Covid-19 condoned: Orissa HC

Income Tax : Orissa High Court held that delay in filing Audit Report in Form 10B due to Covid-19 pandemic condoned and since it is settled law...

June 13, 2025 81 Views 0 comment Print

Reassessment Based Solely on ADIT Report Without Independent Inquiry Quashed as Bad in Law

Income Tax : Delhi ITAT rules in Ajay Singh vs. ACIT, quashing reassessment for AY 2012-13. Citing borrowed satisfaction and lack of independen...

June 9, 2025 408 Views 0 comment Print

Lack of Tangible Material & Procedural Errors: Reopening of Assessment Invalid

Income Tax : Delhi High Court dismisses revenue's appeal in PCIT vs. RMG Polyvinyl (I) Ltd., upholding ITAT's decision that reassessment was ba...

June 8, 2025 189 Views 0 comment Print

Charitable Trust Registration Cannot Be Denied for Lack of State Societies Act Registration

Income Tax : ITAT Chandigarh directs CIT to grant 12AA registration to Paramount Education Charitable Trust, overturning rejection based on Soc...

June 8, 2025 198 Views 0 comment Print

Gujarat HC Orders Robbery Cash to Be Handed to Income Tax Department

Income Tax : Gujarat High Court overturns lower court, orders Rs. 13 lakh robbery cash to be handed to Income Tax Department for undisclosed in...

June 5, 2025 924 Views 0 comment Print


Latest Notifications


CBDT notifies ITR 1 and SUGAM (ITR-4) for FY 2025-26

Income Tax : Learn about the latest changes in Income Tax Rules, 2025. Key amendments include updates to ITR forms and provisions for capital g...

April 29, 2025 10374 Views 0 comment Print

Section 35: Auroville Foundation Recognized for Research Tax Benefits

Income Tax : Notification 102/2024 designates Auroville Foundation as an approved institution for social science research under the Income Tax ...

September 18, 2024 390 Views 0 comment Print

Income Tax Exemption for UIDAI’s Specified Income 2024-2029

Income Tax : UIDAI's specified income receives tax exemption for AY 2024-2025 to 2028-2029 under Income-tax Act, 1961, as per the latest CBDT n...

August 12, 2024 729 Views 0 comment Print

CBDT Clarifies Verification Conditions Under Section 144B

Income Tax : CBDT issues guidelines for IT verification under Section 144B(5), detailing circumstances for digital and physical checks, effecti...

August 1, 2024 5283 Views 1 comment Print

Income Tax Notification No. 96/2024: SAMEER Mumbai Specified Income Exemption

Income Tax : Explore Notification No. 96/2024 by the Ministry of Finance, detailing income specifics for SAMEER Mumbai under Income Tax Act Cla...

July 24, 2024 492 Views 0 comment Print


Latest Posts in income tax act

Delay in filing Audit Report in Form 10B due to Covid-19 condoned: Orissa HC

June 13, 2025 81 Views 0 comment Print

Orissa High Court held that delay in filing Audit Report in Form 10B due to Covid-19 pandemic condoned and since it is settled law that delay in case of genuine hardship need to be allowed.

Reassessment Based Solely on ADIT Report Without Independent Inquiry Quashed as Bad in Law

June 9, 2025 408 Views 0 comment Print

Delhi ITAT rules in Ajay Singh vs. ACIT, quashing reassessment for AY 2012-13. Citing borrowed satisfaction and lack of independent inquiry by AO, the tribunal highlights the need for a direct link between tangible material and belief formation, even on merits.

Lack of Tangible Material & Procedural Errors: Reopening of Assessment Invalid

June 8, 2025 189 Views 0 comment Print

Delhi High Court dismisses revenue’s appeal in PCIT vs. RMG Polyvinyl (I) Ltd., upholding ITAT’s decision that reassessment was bad in law due to AO’s flawed reasoning.

Charitable Trust Registration Cannot Be Denied for Lack of State Societies Act Registration

June 8, 2025 198 Views 0 comment Print

ITAT Chandigarh directs CIT to grant 12AA registration to Paramount Education Charitable Trust, overturning rejection based on Societies Act registration.

Gujarat HC Orders Robbery Cash to Be Handed to Income Tax Department

June 5, 2025 924 Views 0 comment Print

Gujarat High Court overturns lower court, orders Rs. 13 lakh robbery cash to be handed to Income Tax Department for undisclosed income probe.

Section 263 Proceedings Not Justified for Failure to Initiate Penalty Proceedings

June 5, 2025 198 Views 0 comment Print

Punjab & Haryana HC rules CIT cannot direct penalty initiation via Section 263, reinforcing independence of assessment and penalty proceedings.

Madras HC Quashes Reassessment Notice against non-existent entity

June 5, 2025 258 Views 0 comment Print

Madras High Court sets aside reassessment notice against Asianet Star Communications, citing non-existent entity and lack of new material.

ITAT Quashes Income Tax Assessment: AO Exceeded Limited Scrutiny Scope

June 4, 2025 195 Views 0 comment Print

ITAT Kolkata ruled for Weilburger Coatings, quashing an assessment order as the AO exceeded limited scrutiny scope without following CBDT conversion procedures.

Requisition of seized cash u/s. 132A of Income Tax Act allowed: Gujarat HC

June 3, 2025 498 Views 0 comment Print

Gujarat High Court held that requisition of seized cash allowed under section 132A of the Income Tax Act and directed that the income tax department shall be free to undertake all actions permitted under the law and shall deposit the entire amount in the P.D. Account.

Imposing liability for non-deduction of TDS hearing is not tenable: Chhattisgarh HC

June 2, 2025 219 Views 0 comment Print

Chhattisgarh High Court held that imposing liability u/s. 201(1) of the Income Tax Act for failure to deduct TDS without providing opportunity of being heard is not sustainable in law. Accordingly, matter remitted back for fresh consideration.

Sponsored
Sponsored
Search Post by Date
June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30