Notifications

The CBDT issued a corrigendum on April 10, correcting clerical errors in Schedule CG and Schedule UD of the Income-tax notification dated March 30, 2026.

CBDT Corrects Errors in Income tax return Form 5 [Read Notification]

Orders

ROC withdrew its show cause notice and imposed no penalty on the company after confirming CIRP-related compliance with filing requirements.

No Penalty Imposed by ROC After CIRP Compliance Clarification

The CBDT notifies key technical corrections, insertions, and deletions across various income tax schedules to improve accuracy and consistency in reporting.

CBDT Notifies Corrigendum to ITR Form 6 [Read Notification]

News

The government has approved the Startup India Fund of Funds 2.0 with a corpus of Rs 10,000 crore to boost India’s startup ecosystem by channelling venture capital into priority sectors.

Govt Approves Establishment of Startup India Fund of Funds 2.0 With Corpus of Rs 10,000 Crore

Judgement

High Court quashes GST demand, interest and penalty where Input Tax Credit was voluntarily reversed before issuance of SCN

GST: No Penalty Under Section 74 After Voluntary ITC Reversal due to non-existent supplier, says High Court

The ITAT held that once the AO had made an addition based on estimation of sales turnover, he cannot revisit his own order for taxing the assessee on sales turnover.

Second Reopening Invalid if Based on Change of Opinion: ITAT

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