Judgement

The ITAT Bangalore holds Finance Act 2025 restriction on Section 87A rebate as prospective. 


ITAT Allows Section 87A Rebate on LTCG Taxable Under Section 112 for AY 2024-25

Articles

ICAI releases the 14th edition of its GST Background Material, covering Finance Act 2026, GST 2.0 reforms and the latest compliance updates.

ICAI Releases 14th Edition of GST Background Material with GST 2.0 Updates

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

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

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.

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ITAT Allows Section 87A Rebate on LTCG Taxable Under Section 112 for AY 2024-25

ICAI Releases 14th Edition of GST Background Material with GST 2.0 Updates

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