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India's income tax laws are subject to periodic revisions. Read Our Latest News and Updated on Income-tax, Articles on income tax India to understand income tax slab, Income tax e-filing, income tax refund, income tax return, income tax act, income tax e payment, etc

Latest Articles


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 54777 Views 2 comments Print

List of ICDS and its reconciliations with Accounting Standards​

Income Tax : This guide explains all ten Income Computation and Disclosure Standards (ICDS) and provides reconciliation formats between Account...

June 30, 2026 7764 Views 0 comment Print

Analysis of Notifications and Circulars for Week Ending 28th June 2026

CA, CS, CMA : Explore the major notifications, circulars, and judicial developments issued during 22–28 June 2026, covering Income Tax, GST, R...

June 29, 2026 1503 Views 0 comment Print

Analysis of Notifications and Circulars for Week Ending 21st June 2026

CA, CS, CMA : This weekly roundup covers key notifications, circulars, and judicial rulings issued by GST, Customs, RBI, SEBI, MCA, IBBI, and ot...

June 22, 2026 3618 Views 0 comment Print

ITAT Quashes Section 153C Assessment Due to Lack of Independent Satisfaction

Income Tax : ITAT Jaipur held that proceedings under Section 153C are invalid where the Assessing Officer merely reproduces information from th...

June 20, 2026 219 Views 0 comment Print


Latest News


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

No Corporate Tax Written Off by Government (FY 2019-20 to FY 2024-25)

Income Tax : The government responds to queries on corporate tax, including notices, prosecutions, and collections over the past five years....

December 11, 2024 1269 Views 0 comment Print

Budget Memorandum 2024 & suggested Amendments to Income-tax Act 1961

Income Tax : Explore the Malad Chamber of Tax Consultants' 2024 Pre-Budget Memorandum proposing crucial amendments to the Income Tax Act, 1961,...

June 20, 2024 4347 Views 0 comment Print

Live Webinar on Section 43B(h) of Income Tax Act, 1961- MSE Payment

Income Tax : Live Webinar on Section-43B(h) of Income Tax Act, 1961 read with Section-2, 7-8, 15-16-17 of MSMED Act 2006 on 03-03-2024- SundayÂ...

February 26, 2024 10797 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 2982 Views 0 comment Print


Latest Judiciary


Calcutta HC Directs Advance Ruling Board to Expedite Joint Venture Tax Ruling Ahead of Revised ITR Deadline

Income Tax : The court directed the Board of Advance Rulings to expedite the disposal of a pending application under Section 245Q, ensuring tim...

December 16, 2025 537 Views 0 comment Print

Delay in Form 10-B Filing Conditionally Allowed Due to Treasurer’s Age & Pandemic

Income Tax : The High Court allowed a religious society to submit delayed audit documents, citing the treasurer’s age and Covid-19 as valid r...

December 13, 2025 498 Views 0 comment Print

Kerala HC Stays Income Tax Recovery Proceedings Pending Appellate Review

Income Tax : The Kerala High Court has temporarily halted income tax recovery proceedings against Palode Service Co-Operative Bank Ltd a Primar...

October 18, 2025 489 Views 0 comment Print

Revenue Cannot Adjust AMP Expenses Without Tangible Evidence: Delhi HC

Income Tax : The Delhi High Court dismissed the Revenue's appeals in CIT-1 v. Casio India Co. Pvt. Ltd. for AY 2012-13 and 2013-14, affirming t...

October 17, 2025 714 Views 0 comment Print

ITAT Deletes ₹15 Crore Section 68 Cash Credit Addition on Old Car Sales Proceed

Income Tax : The Tribunal found the addition uncalled for. cash deposits from the sale of old vehicles, accepted as genuine sales by the AO, ca...

October 17, 2025 882 Views 0 comment Print


Latest Notifications


CBDT notifies Jhansi Development Authority Income Tax Exemption

Income Tax : CBDT Notification 150/2025 grants income tax exemption to the Jhansi Development Authority under Section 10(46A), effective from A...

October 8, 2025 531 Views 0 comment Print

CBDT notifies Income Tax Exemption to Parambikulam Tiger Conservation Foundation

Income Tax : The Central Board of Direct Taxes has granted income tax exemption to the Parambikulam Tiger Conservation Foundation on specific i...

August 12, 2025 621 Views 0 comment Print

Mysore Palace Board Income Tax Exemption Notification – Section 10(46)

Income Tax : CBDT notification details income tax exemption for Mysore Palace Board. Covers income from palace, fees, rent from government agen...

April 24, 2025 1125 Views 0 comment Print

Income Tax Exemption for West Bengal Transport Workers Social Security Scheme

Income Tax : West Bengal Transport Workers' Social Security Scheme receives tax exemption for specified income under Income-tax Act for AY 2021...

August 12, 2024 537 Views 0 comment Print

AIMCo India Infrastructure Pension Fund Exemption Details

Income Tax : Read about the latest income tax notification specifying AIMCo India Infrastructure Pension Fund for tax exemption under section 1...

July 19, 2024 1311 Views 0 comment Print


No Section 271AAB Penalty on Income voluntarily admitted during Search

June 6, 2020 2502 Views 0 comment Print

The issue under consideration is whether the penalty levied u/s 271AAB of the Act is justified on Income voluntarily admitted during Search by Appellant?

High rate Depreciation Not allowed on vehicles used for Advertisement

June 5, 2020 1065 Views 0 comment Print

Whether the higher rate of depreciation can be granted to the vehicles used for the display of advertisement under the provisions of the Income Tax Act, 1961.

ill-health of responsible person is genuine reason for delay in appeal filing

June 5, 2020 5427 Views 0 comment Print

The issue under consideration is whether condonation of delay in filing of the appeal granted for the reason of ill-health of director responsible for decision making?

SC explains distinction between ‘retirement of a partner’ & ‘dissolution of a partnership firm

June 5, 2020 15108 Views 0 comment Print

Supreme court held that there is a clear distinction between ‘retirement of a partner’ and ‘dissolution of a partnership firm’. On retirement of the partner, the reconstituted firm continues and the retiring partner is to be paid his dues in terms of Section 37 of the Partnership Act.

Exchange fluctuation loss on Business Advances Allowable

June 5, 2020 939 Views 0 comment Print

Whether the exchange fluctuation loss on Business Advance on Balance Sheet considered as business loss by Appellant are allowable under Section 37(1) of Income Tax Act, 1961?

No TDS u/s 194H for Prepaid SIM & 194J for Roaming Charges

June 5, 2020 5172 Views 0 comment Print

AO considered assessee as assessee in default in respect of non-deduction of TDS under Section 194H and 194J of the Act on payment of commission and fees for professional or technical services and passed an order under Section 201(1) & 201(1A) of the Act.

Exemption u/s 10 & 11 cannot be granted merely based on section 12AA Registration

June 4, 2020 1437 Views 0 comment Print

The issue under consideration is whether the Income Tax benefit under section 10 and 11 will be granted on the basis of registration under section 12AA?

Book profit | Section 10A deduction | HC refers matter back to ITAT

June 4, 2020 1230 Views 0 comment Print

The tribunal has held that net profits have to be determined as per the provisions of the companies Act and thereafter, the adjustments have to be made. It has further been held that the assessee cannot adjust the books of profit except as provided under the companies Act.

Section 143(2) Notice to Erstwhile Non-Existent Partnership Firm is Void-ab-Initio

June 4, 2020 2568 Views 0 comment Print

The issue under consideration is whether AO is correct in issuing notice u/s 143(2) in the name of erstwhile partnership firm which was a non-existent entity at that point of time?

ITAT dismisses ex-parte order of CIT denying Section 80G exemption

June 3, 2020 807 Views 0 comment Print

Whether the ex-parte order of the CIT(Exemptions) denying 80G exemption is justified in law? ITAT dismissed ex-parte order of CIT(E) on the basis of principles of natural justice

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