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Budget 2026 introduces a simplified Income Tax Act from April 1, 2026, offering easier ITR filing for taxpayers.

Budget 2026: New Income Tax Law and Its Impact on ITR Filing

Judgement

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The Madras High Court upheld a Rs. 1.5 crore income tax penalty on actor Thalapathy Vijay over alleged undisclosed film income.

Madras High Court Upholds Rs. 1.5 Crore Income Tax Penalty Against Actor Thalapathy Vijay

ITAT deleted the Section 68 addition on demonetisation cash deposits, holding that properly recorded cash sales and books cannot be rejected based on mere suspicion.

ITAT Deletes Section 68 Addition in Demonetisation Cash Deposit Dispute; Says Suspicion Cannot Replace Evidence

Tribunal holds the fresh notice issued beyond the “surviving period” as invalid, rendering the entire reassessment void ab initio

Fresh Section 148 Notice Issued Beyond Surviving Period Held Invalid by ITAT

Tribunal sets aside Section 201 proceedings and restores matter to Assessing Officer for fresh examination of additional evidence

ITAT Mumbai Remands TDS Liability of Securitization Trust Under Section 194LBC

ITAT upheld 10% DTAA taxation on foreign interest income and deleted the Rs. 20 crore penalty for alleged income concealment.

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Budget 2026: New Income Tax Law and Its Impact on ITR Filing

Madras High Court Upholds Rs. 1.5 Crore Income Tax Penalty Against Actor Thalapathy Vijay

ITAT Deletes Section 68 Addition in Demonetisation Cash Deposit Dispute; Says Suspicion Cannot Replace Evidence

Fresh Section 148 Notice Issued Beyond Surviving Period Held Invalid by ITAT

ITAT Mumbai Remands TDS Liability of Securitization Trust Under Section 194LBC

ITAT Upholds 10% DTAA Benefits for German Bank, Deletes Rs. 20 Crore Penalty for Alleged Concealment