Judgement

ITAT Ahmedabad held that no penalty for concealment can be imposed when income is fully disclosed and the dispute arises merely from a difference in tax interpretation.

ITAT Holds Tax Interpretation Differences Don’t Attract Penalties; Deletes Section 271 Penalty

Articles

It was explained that despite having zero tax in FY 2025-26, Nil ITR filing is beneficial and the financial record is made strong.

ITR Filing for Zero Tax Liability: Know 5 Benefits of Filing ITR at Nil Income

Jhansi police had arrested a Delhi-based IT expert involved in a GST fraud racket where fake firms were created to claim over Rs1 crore ITC using forged documents and SIM cards.

Delhi Income Tax Expert Arrested for Creating Fake Firms to Claim Fraudulent ITC

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]

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]

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.

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ITAT Holds Tax Interpretation Differences Don’t Attract Penalties; Deletes Section 271 Penalty

ITR Filing for Zero Tax Liability: Know 5 Benefits of Filing ITR at Nil Income

Delhi Income Tax Expert Arrested for Creating Fake Firms to Claim Fraudulent ITC

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

CBDT Notifies Corrigendum to ITR Form 6 [Read Notification]

Second Reopening Invalid if Based on Change of Opinion: ITAT