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Mustafizur Rahman’s Rs. 9.20 crore IPL 2026 contract and what his actual take-home earnings would have been after Indian tax and DTAA impact.

Rs. 9.20 Crore IPL Contract: What Mustafizur Rahman Lost After KKR Exit

Rs. 9.20 Crore IPL Contract: What Mustafizur Rahman Would Have Earned Without KKR Exit

Judgement

The Tribunal said that applying a G.P. rate to calculate only the profit embedded in the unaccounted sales was the correct method.

Only Profit From Undisclosed Sales Must be Taxed Instead of Entire Sale: ITAT Upholds CIT(A)'s Order

ITAT held that the Rs. 1.62 crore adjustment made under Section 143(1) without reasons or notice was illegal and deleted the addition, fully allowing the company’s appeal.

ITAT Quashes Rs. 1.62 Crore Adjustment Made Without Giving Proper Reason or Issuance of Notice

Rising adoption of the new tax regime could shape further income tax changes in Budget 2026

Union Budget 2026: Middle-Class Tax Relief May Continue as New Tax Regime Gains Ground

ITAT set aside the CIT(A)’s denial of Section 11 exemption due to late filing of Form 10B and remanded the matter to the AO for fresh consideration.

ITAT Restores Section 11 Exemption Claim, Directs Fresh Examination After Late Form 10B Filing

Articles

The Excel utilities for filing the Updated Return in ITR-1 to ITR-7 for Assessment Year (AY) 2025-26 are now available for download on the official Income Tax Department website.

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Rs. 9.20 Crore IPL Contract: What Mustafizur Rahman Would Have Earned Without KKR Exit

Only Profit From Undisclosed Sales Must be Taxed Instead of Entire Sale: ITAT Upholds CIT(A)'s Order

ITAT Quashes Rs. 1.62 Crore Adjustment Made Without Giving Proper Reason or Issuance of Notice

Union Budget 2026: Middle-Class Tax Relief May Continue as New Tax Regime Gains Ground

ITAT Restores Section 11 Exemption Claim, Directs Fresh Examination After Late Form 10B Filing

ITR Filing AY 2025-26: Income Tax Dept Notifies Excel Utilities for Filing Updated Return in ITR-1 to ITR-7