News

The Income Tax Forms will be renumbered under the Income Tax Act 2025, with effect from April 01, 2026, keeping the key purpose of using them unchanged.

Income Tax Forms Renumbered from FY 2026-27: Key Changes Under the Income Tax Act 2025

Judgement

The ITAT remanded a capital gains dispute to the Assessing Officer for fresh verification of the assessee’s Rs. 11.24 lakh indexed demolition cost claim related to a property sale.

Property Sale Tax Dispute: ITAT Remands Indexed Cost Disallowance Case Back to AO for Re-Examination

Notice under Section 148 held invalid where AO relied on third-party search material without recording mandatory satisfaction

Income Tax: Reopening After Search Quashed as Nexus with Escapement Not Established

Articles

From April 2026, salaried taxpayers claiming HRA for rent paid to relatives must disclose their relationship with the landlord.

New Income Tax Act 2025: HRA Claims on Rent Paid to Relatives Face Stricter Disclosure Rules

The CIT(A) observed that gifts received from "relatives" (as per section 56(2)(vii) of the Act) are exempt in the hands of the assessee under Section 56(2)(vii) of the Income Tax Act.

Gifts Received by Relatives Not Taxable u/s 56(2) (vii): ITAT Upholds CIT(A)'s Order

Court directs issuance of Nil certificate under Section 197 for Matching Solutions; leaves taxability of Support Services open.

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Income Tax Forms Renumbered from FY 2026-27: Key Changes Under the Income Tax Act 2025

Property Sale Tax Dispute: ITAT Remands Indexed Cost Disallowance Case Back to AO for Re-Examination

Income Tax: Reopening After Search Quashed as Nexus with Escapement Not Established

New Income Tax Act 2025: HRA Claims on Rent Paid to Relatives Face Stricter Disclosure Rules

Gifts Received by Relatives Not Taxable u/s 56(2) (vii): ITAT Upholds CIT(A)'s Order

Income Tax: High Court Allows NIL TDS for Rs. 65.97 Cr Receipts