Judgement

The Bombay High Court holds GIA India Not Liable to Deduct TDS on Payments to GIA US.

High Court Holds AO Cannot Disregard Binding ITAT Ruling on Permanent Establishment 

ITAT condoned an 86-day delay and restored a taxpayer’s Rs 1.47 lakh foreign tax credit claim to the AO for fresh examination after CPC denied the credit.

ITAT Restores Rs 1.47 Lakh Foreign Tax Credit Claim Dispute for Fresh Adjudication After Condoning 86-Day Delay

News

IMFA faces a Rs 38.98 lakh Income Tax penalty over capital gains from an FY23 property sale and is considering an appeal.

IMFA Receives Rs 38.98 Lakh Income Tax Penalty Order Over Capital Gains From Property Sale

Notifications

CBDT’s Income Tax (Fifth Amendment) Rules, 2026 revise Form 141 and introduce Schedule E for detailed TDS reporting on immovable property transactions, particularly purchases from non-resident sellers.

CBDT Amends Income Tax Rules 2026, Introduces New TDS Reporting Requirements for Property Transactions

MP P.P. Chaudhary has urged Finance Minister to extend the AY 2026-27 Tax Audit Report filing deadline from September 30 to October 31, citing practical and compliance-related difficulties.

MP P.P. Chaudhary Urges FM Nirmala Sitharaman to Extend Tax Audit Due Date to October 31

Articles

Kerala High Court quashes ITAT’s dismissal and restores actor Jayasurya’s income tax appeal for consideration on merits.

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High Court Holds AO Cannot Disregard Binding ITAT Ruling on Permanent Establishment

ITAT Restores Rs 1.47 Lakh Foreign Tax Credit Claim Dispute for Fresh Adjudication After Condoning 86-Day Delay

IMFA Receives Rs 38.98 Lakh Income Tax Penalty Order Over Capital Gains From Property Sale

CBDT Amends Income Tax Rules 2026, Introduces New TDS Reporting Requirements for Property Transactions

MP P.P. Chaudhary Urges FM Nirmala Sitharaman to Extend Tax Audit Due Date to October 31

High Court Quashes ITAT Order Dismissing Actor Jayasurya’s Income Tax Appeal for Non-Appearance