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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 54771 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- Sunday...

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 1119 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


Section 50C cannot be invoked in respect of TDR Rights

July 22, 2020 3867 Views 0 comment Print

whether section 50C can be invoked in respect of the right to receive compensation on compulsory acquisition of land & the TDR rights as the same would not come within the meaning of “immovable property”?

No section 271(1)(c) Penalty on Income Surrendered Voluntarily during Assessment

July 22, 2020 2211 Views 0 comment Print

The issue under consideration is whether Penalty u/s 271(1)(c) can be levied in the case where the assessee surrendered the income voluntarily during the course of the assessment?

No Section 271C Penalty is absence of contumacious conduct by assessee

July 21, 2020 3843 Views 0 comment Print

The issue under consideration is whether the Ao is correct in levying penalty u/s 271C for failure to deduct tax at source u/s 194C on payment of external development work charges (EDC)?

Section 36(1) override Section 145A- Interest allowable when Asset put to use

July 21, 2020 1983 Views 0 comment Print

The issue under consideration is whether the Tribunal was right in law in holding that the interest expenditure is Capital in nature

Alleged Betrayal by Counsel – ITAT grants Fresh Opportunity

July 21, 2020 906 Views 0 comment Print

the assessee requested an opportunity to explain the case and to submit all the necessary information & documents to the Assessing Officer since his counsel did not attended the decided hearings to solve the case.

Section 54 benefit cannot be denied for Procedural Non-Compliance

July 20, 2020 2850 Views 0 comment Print

The issue under consideration is whether the benefit of section 54 of the Income Tax Act, being a beneficial provision, can be denied to the assessee due to non-compliance of procedural requirements?

Percentage Completion Method for Revenue Recognition not mandatory for Construction Companies till AY 2016-17

July 20, 2020 46164 Views 0 comment Print

The issue under consideration is whether as per Section 43CB, profits and gains of a construction company mandatorily be determined on the basis of percentage completion method for revenue  recognition?

Disallowance for Depreciation on Brand License Fees is unjustified

July 17, 2020 1689 Views 0 comment Print

The issue under consideration is whether the disallowance made on account of depreciation on payment of brand license fees is justified in law?

Expenses cannot be excluded from Export Turnover u/s 10AA merely because it is in Foreign Currency

July 17, 2020 3513 Views 0 comment Print

The issue under consideration is whether the foreign currency expenditure need to be excluded from the ‘export turnover’ of the assessee for the purpose of computing deduction under Section 10AA of the Act?

Appeal filed by assessee dismissed due to ignorant attitude of assessee towards appeal

July 12, 2020 1266 Views 0 comment Print

Appeal filed by assessee dismissed due to ignorant attitude of the assessee towards appeal.

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