Judgement

Supreme Court rules that penalty under Section 271D for acceptance of cash loans in violation of Section 269SS is invalid if the Assessing Officer fails to record satisfaction during assessment proceedings

Income Tax Penalty for Cash Loans u/s 271D Cannot Survive Procedural Defect: Supreme Court

News

The government has clarified the definition of 'accountant' for the purpose of Safe Harbour Rules concerning international transactions under Rules 87 to 93 of the Income Tax Act.

CMAs now included in definition of Accountant for this Income Tax Certification: Know More

CBDT’s challenge fails as Supreme Court refuses to interfere with Telangana High Court ruling on tax exemption framework

Supreme Court Upholds HC Direction to Notify State Pollution Control Boards for Income Tax Exemption

Government proposes major revisions in the Draft Income Tax Rules, 2026 to update the tax valuation of employee perks like company cars, meals, and employer gifts in line with current costs.

Govt Proposes Major Changes in Employee Perquisites Valuation under Draft Income Tax Rules, 2026

Court disposes batch of SLPs arising from Punjab & Haryana HC rulings quashing Section 148 notices issued outside faceless regime

SC Allows Revenue to Seek Review Before HC on Faceless Reassessment Notices Issued by JAO

Govt. proposes to expand the 50% HRA exemption list to four more cities under the old tax regime to reflect rising urban housing costs and provide greater relief to salaried employees.

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Income Tax Penalty for Cash Loans u/s 271D Cannot Survive Procedural Defect: Supreme Court

CMAs now included in definition of Accountant for this Income Tax Certification: Know More

Supreme Court Upholds HC Direction to Notify State Pollution Control Boards for Income Tax Exemption

Govt Proposes Major Changes in Employee Perquisites Valuation under Draft Income Tax Rules, 2026

SC Allows Revenue to Seek Review Before HC on Faceless Reassessment Notices Issued by JAO

Income Tax HRA Exemption: Government expands Number of cities for 50% Deduction