Judgement

High Court set aside ITAT Delhi’s dismissal of about 218 transferred tax appeals, holding that the tribunal wrongly rejected them on jurisdictional grounds after two decades.

High Court Strongly Criticises ITAT For Wrongly Dismissing Multiple Appeals on Jurisdictional Ground

Considering the monetary limit involved in this case, the ITAT ruled that the ITO wrongly assumed jurisdiction over the case.

AO Cannot Issue Section 143(2) Notice Beyond Prescribed Monetary Limits: ITAT

ITO Cannot Issue Section 143(2) Notice Beyond CBDT Prescribed Monetary Limits: ITAT

The ITAT held that a debatable issue relating to MAT book profit computation cannot be corrected through rectification under Section 154 and accordingly quashed the rectification order.

ITAT Quashes MAT Rectification Order; Debatable MAT Computation Cannot Be Revised u/s 154

Articles

As per the proposal, in the old tax regime, MAT payment will become the final tax, and the Companies will not get new MAT credit.

Budget 2026: Major Changes in MAT Provisions, no credit for MAT w.e.f 01.04.2026

News

The CBI arrested an Income Tax Department stenographer in Chennai after catching him red-handed while accepting a Rs. 1.5 lakh bribe to clear pending tax dues.

CBI Catches Income Tax Stenographer Red-Handed While Accepting Bribe of Rs. 1.5 Lakh in Chennai

These changes are aimed at reducing disputes and unnecessary litigation, especially for genuine delays with no revenue loss.

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High Court Strongly Criticises ITAT For Wrongly Dismissing Multiple Appeals on Jurisdictional Ground

ITO Cannot Issue Section 143(2) Notice Beyond CBDT Prescribed Monetary Limits: ITAT

ITAT Quashes MAT Rectification Order; Debatable MAT Computation Cannot Be Revised u/s 154

Budget 2026: Major Changes in MAT Provisions, no credit for MAT w.e.f 01.04.2026

CBI Catches Income Tax Stenographer Red-Handed While Accepting Bribe of Rs. 1.5 Lakh in Chennai

Budget 2026 proposes mandatory Late fees on Delayed Tax Audits and Transfer Pricing Report