Judgement

The ITAT deletes the Section 271B penalty after holding that the inadvertent Form 3CD audit report error was covered under reasonable cause provisions.

ITAT Deletes Section 271B Penalty, Holds Form 3CD Reporting Error Covered Under Reasonable Cause

Notifications

The Centre has notified NaBFID's 10-year zero coupon bond issue with a maturity value of Rs 20,000 crore.

Centre Issues 10-Year NaBFID Zero Coupon Bond of Rs 20,000 Crore

News

The Income Tax Department has uncovered a Rs 65.5 crore fake tax refund scam involving bogus deduction claims under Section 80GGC. 

Meerut Accountant Accused in Rs 65.5 Crore Income Tax Refund Scam

ITAT remanded the tax appeal to the CIT(A) for a fresh decision after directing that the assessee be given a reasonable opportunity of being heard.

ITAT Sends Tax Appeal Back To CIT(A) For Fresh Hearing After Granting Opportunity

The Income Tax Department has introduced an additional field to provide a secondary address across all income tax return (ITR) forms for the Assessment Year (AY) 2026-27.

Income Tax Dept Introduces Additional Field To Disclose Secondary Address in All ITR Forms for AY 2026-27

The Tribunal granted relief by allowing a missed exemption claim arising from an inadvertent error in the tax return.

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ITAT Deletes Section 271B Penalty, Holds Form 3CD Reporting Error Covered Under Reasonable Cause

Centre Issues 10-Year NaBFID Zero Coupon Bond of Rs 20,000 Crore

Meerut Accountant Accused in Rs 65.5 Crore Income Tax Refund Scam

ITAT Sends Tax Appeal Back To CIT(A) For Fresh Hearing After Granting Opportunity

Income Tax Dept Introduces Additional Field To Disclose Secondary Address in All ITR Forms for AY 2026-27

ITAT Grants Tax Exemption Relief to Educational Institution Despite Return Filing Error