News

Income Tax Department enables ITR-2 online and Excel filing for AY 2026-27, easing return submission for salaried taxpayers, investors, and individuals with capital gains.

Income Tax Alert: ITR-2 Online Filing and Excel Utility Now Live on e-Filing Portal

The Excel utility for the ITR-2 form has been enabled on the e-filing portal for the AY 2026-27; taxpayers not having any income from a business or profession can use the form to begin filing their returns online.

INCOME TAX BREAKING: Online Filing and Excel Utility for ITR-2 for AY 2026-27 Now Enabled on E-Filing Portal

Judgement

Revenue cannot make addition in the hands of a partnership firm based on an impounded order book when the partner has already offered individual business income under presumptive taxation.

ITAT Remanded Rs 5.26 Crore Cash Deposit of Demonetisation for Fresh Adjudication

The ITAT Delhi quashes multiple reassessment proceedings where alleged escaped income lacked the statutory asset representation requirement.

ITAT Quashes Multiple Reassessments Over Absence of Escaped Income “Asset”

Income Tax Department identifies common SFT filing errors affecting AIS accuracy and taxpayer convenience.

Income Tax Department Flags Common Errors in SFT Filings by Banks

The penalty imposed under Section 270A was held void as the proceedings were initiated without specifying precise sub-clause or specific limb for Misreporting or Under-reporting.

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Income Tax Alert: ITR-2 Online Filing and Excel Utility Now Live on e-Filing Portal

INCOME TAX BREAKING: Online Filing and Excel Utility for ITR-2 for AY 2026-27 Now Enabled on E-Filing Portal

ITAT Remanded Rs 5.26 Crore Cash Deposit of Demonetisation for Fresh Adjudication

ITAT Quashes Multiple Reassessments Over Absence of Escaped Income “Asset”

Income Tax Department Flags Common Errors in SFT Filings by Banks

ITAT Deletes Income Tax penalty against incorrect HRA Exemption