New Income Tax Act 2025 from 1-4-2026 – What Will Change for Taxpayers? (Part-1)
New Income Tax Act 2025 from 1-4-2026 – What Will Change for Taxpayers? (Part-1) The New Income Tax Act,…
Income Tax
Timing Difference in Revenue Recognition Cannot Be Taxed Twice – ITAT Deletes ₹4.30 Cr Addition (Halcrow Group Ltd Case)
Timing Difference in Revenue Recognition Cannot Be Taxed Twice – ITAT Deletes ₹4.30 Cr Addition (Halcrow Group Ltd Case) …
Whether provisions of the Evidence Act, with respect to digital evidence, are applicable to Income-tax proceedings?
Whether provisions of the Evidence Act, with respect to digital evidence, are applicable to Income-tax proceedings? The issue of…
Section 131(1A) Notices Post-Search – Allahabad High Court settles the issue
Section 131(1A) Notices Post-Search – Allahabad High Court settles the issue Pramod Swarup Agarwal & Sneh Lata Agarwal vs.…
Bombay High Court gives big relief to charitable trusts – No need for irrevocability clause in trust deed for registration
Bombay High Court gives big relief to charitable trusts – No need for irrevocability clause in trust deed for registration…
Finance Bill – 2026: Penalty for non-reporting of crypto transactions
Finance Bill – 2026: Penalty for non-reporting of crypto transactions Introduction: 1. Effective 1 April 2026, India’s Finance Bill…
Stamp Duty Value Addition fails where agreement to sale was executed before introduction of Section 56(2)(x): ITAT
Stamp Duty Value Addition fails where agreement to sale was executed before introduction of Section 56(2)(x): ITAT Rinki Singh v.…
Full Section 54 Exemption Allowed Even Without Capital Gain Scheme Deposit – ITAT Gives Relief to Home Sellers
Full Section 54 Exemption Allowed Even Without Capital Gain Scheme Deposit – ITAT Gives Relief to Home Sellers Capital…
Bombay High Court Clarifies Limitation for TDS Default Orders
Bombay High Court Clarifies Limitation for TDS Default Orders A recent decision of the Bombay High Court in CIT…
Income Tax Dept acts against 62 restaurants in 46 cities, suppression of sales under scanner:
Income Tax Dept acts against 62 restaurants in 46 cities, suppression of sales under scanner: 1. In an extensive…
ITAT ALLOWS DEDUCTION FOR DONATION TO POLITICAL PARTY, DISMISSES ACIT APPEAL FOR LACK OF EVIDENCE
ITAT ALLOWS DEDUCTION FOR DONATION TO POLITICAL PARTY, DISMISSES ACIT APPEAL FOR LACK OF EVIDENCE ACIT vs. Anuj Prakash…
Owner Dies After Sale – Will New House Bought by Legal Heir Get Capital Gain Exemption?
Owner Dies After Sale – Will New House Bought by Legal Heir Get Capital Gain Exemption? [Query] I had…
Clarification issued regarding certain email communications sent under the Advance Tax e-Campaign for AY 2026–27 (FY 2025–26)
Clarification issued regarding certain email communications sent under the Advance Tax e-Campaign for AY 2026–27 (FY 2025–26) The copy…
Revision u/s 264 – PCIT bound to follow ITAT Special Bench: Tax on Deemed STCG u/s 50 at LTCG rate u/s 112
Revision u/s 264 – PCIT bound to follow ITAT Special Bench: Tax on Deemed STCG u/s 50 at LTCG rate…
Updated Return 2.0: From Correction Tool to Compliance Settlement Framework
Updated Return 2.0: From Correction Tool to Compliance Settlement Framework We have discussed the Updated Income Tax Return (ITR-U)…
ROC Bengaluru Imposes Penalty for Approving Share Transfer in Physical Form
ROC Bengaluru Imposes Penalty for Approving Share Transfer in Physical Form A significant compliance reminder for companies that…
Budget 2026: No deduction of interest in case of dividend income
Budget 2026: No deduction of interest in case of dividend income Amendment: 1. The Union Budget 2026 has proposed…
AI vs. Tax Evasion: The Success of NUDGE:
AI vs. Tax Evasion: The Success of NUDGE: Meaning of NUDGE: 1. NUDGE stands for Non-Intrusive Usage of Data…
