News

Govt introduced new Taxation and Other Laws (Amendment) Act, 2026, to further amend the Payment and Settlement Systems, Income Tax and Finance Acts. 

Centre Notifies Taxation and Other Laws (Amendment) Act, 2026: Key Amendments to Income Tax, Finance and Payment Laws

Judgement

The ITAT Chennai has remanded the issue concerning the validity of reassessment notices issued by the AO under Sections 148A and 148 for fresh adjudication. 


ITAT Remands Reassessment Validity Issue to CIT(A) for Fresh Adjudication After Finance Act 2026 Developments

Articles

A comprehensive guide to the taxability of LIPs and ULIPs, covering Section 10(10D) exemptions, Finance Act 2021 & 2023 amendments, capital gains taxation, TDS provisions, and ITR reporting requirements for AY 2026-27.

Got Money from a Life Insurance Policy or ULIP? Here's How It Is Taxed and Reported in Your ITR

The Income Tax Appellate Tribunal (ITAT) Hyderabad has held that the tolerance band of 10% by the Finance Act, 2020 under Section 50C of the Income Tax Act, 1961 has retrospective application.

ITAT Grants Retrospective Benefit of 10% Tolerance Band under Section 50C And Deletes Capital Gain Addition

The Income Tax Department has released ITR-U Excel Utilities for AY 2022-23, enabling taxpayers to file updated returns under the Finance Act, 2026.

Breaking: Income Tax Dept Releases ITR-U Excel Utilities for AY 2022-23

The Gauhati High Court quashed the service tax demand of Rs 26.57 lakh against M/s Mahesh Kumar Chanani, holding that the show cause notice dated 11.04.2022 was time-barred under Section 73(1) of the Finance Act, 1994.

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Centre Notifies Taxation and Other Laws (Amendment) Act, 2026: Key Amendments to Income Tax, Finance and Payment Laws

ITAT Remands Reassessment Validity Issue to CIT(A) for Fresh Adjudication After Finance Act 2026 Developments

Got Money from a Life Insurance Policy or ULIP? Here's How It Is Taxed and Reported in Your ITR

ITAT Grants Retrospective Benefit of 10% Tolerance Band under Section 50C And Deletes Capital Gain Addition

Breaking: Income Tax Dept Releases ITR-U Excel Utilities for AY 2022-23

Guwahati High Court Quashes Time-Barred Service Tax Demand