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

Articles

CBDT has issued a detailed FAQ to help taxpayers understand the key proposals and amendments introduced under the Taxation and Other Laws (Amendment) Bill, 2026.

CBDT Releases Detailed FAQ After Introduction of Taxation and Other Laws (Amendment) Bill, 2026

Judgement

The ITAT has ruled that a protective addition cannot be sustained once the same income has already been assessed substantively in another person's hands, preventing double taxation.

Protective Addition Cannot Survive After Substantive Assessment of Same Income in Another Person’s Hands: ITAT

The ITAT Bangalore has granted partial relief to Qliktech International in a dispute concerning taxation of income arising from its Indian operations.

ITAT Deletes DAPE Based Tax Addition And Remits Income Tax Refund Interest Issue to AO

The ITAT upheld the validity of reassessment under Section 148 but restricted the addition on an alleged accommodation entry to 5%.

ITAT Upholds Section 148 Reopening But Restricts Rs 30 Lakh Accommodation Entry Addition To 5%, Cites Double Taxation

Government to introduce five key Bills in the 8th Session of the 18th Lok Sabha, focusing on judicial reforms, taxation, MSMEs, and governance.

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

CBDT Releases Detailed FAQ After Introduction of Taxation and Other Laws (Amendment) Bill, 2026

Protective Addition Cannot Survive After Substantive Assessment of Same Income in Another Person’s Hands: ITAT

ITAT Deletes DAPE Based Tax Addition And Remits Income Tax Refund Interest Issue to AO

ITAT Upholds Section 148 Reopening But Restricts Rs 30 Lakh Accommodation Entry Addition To 5%, Cites Double Taxation

Five Key Bills Likely To Be Introduced in Eighth Session of 18th Lok Sabha