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Penalty on Late Supply of Goods is Compensatory in Nature and is Allowable Business Expenses: ITATIncome Tax
NidhiFeb 6, 2026

Penalty on Late Supply of Goods is Compensatory in Nature and is Allowable Business Expenses: ITAT

No Plans to Introduce Sunset Clause for Old Tax Regime: CBDT Chairman as Majority of Taxpayers Shifting to New RegimeIncome Tax
NidhiFeb 5, 2026

No Plans to Introduce Sunset Clause for Old Tax Regime: CBDT Chairman as Majority of Taxpayers Shifting to New Regime

Capital Gains Taxable in Year of Development Agreement Execution, Not Sale Deed: ITATIncome Tax
NidhiFeb 5, 2026

Capital Gains Taxable in Year of Development Agreement Execution, Not Sale Deed: ITAT

Income Tax Refunds Still Awaited? Major Causes Behind This Year’s Processing DelaysIncome Tax
Saloni KumariFeb 5, 2026

Income Tax Refunds Still Awaited? Major Causes Behind This Year’s Processing Delays

Income Tax Dept Targets Disposal of Over 2 Lakh CIT(A) Appeals in FY26Income Tax
Vanshika vermaFeb 5, 2026

Income Tax Dept Targets Disposal of Over 2 Lakh CIT(A) Appeals in FY26

Breach of Contract Damages Are Not Penalties, Income Tax Deduction Allowed: ITATIncome Tax
Saloni KumariFeb 5, 2026

Breach of Contract Damages Are Not Penalties, Income Tax Deduction Allowed: ITAT

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