News

The Income Tax Department is using AI to detect mismatches between declared income and actual bank activity.

Income Tax Department Flags Bank Accounts with Large Savings but low spendings

Judgement

ITAT Delhi allowed Canon India to claim full foreign tax credit for taxes paid in Japan, even though no Indian tax was payable due to Section 10A exemption.

ITAT Delhi Upholds Foreign Tax Credit Claim Despite Nil Indian Tax Liability Under Section 10A

Articles

A comparative overview of India’s direct tax collections, refunds, and net growth up to November 10, 2025.

Direct Tax Collections Show 7% Growth in FY 2025-26 as of November 10, 2025

ITAT Delhi confirmed tax additions for unexplained investment and loan as the assessee failed to justify transactions or appear for hearings.

Mere Payment by Cheque Doesn’t Make Loan Transaction Genuine

The ITAT Delhi held that reopening the assessment after four years without new evidence was invalid and beyond the Assessing Officer’s jurisdiction.

Big Win for MakeMyTrip! ITAT Slams Income Tax Reopening After 4 Years, says No Failure to Disclose, No Reassessment

High Court held that reassessment proceedings under Section 148 are invalid when the Principal Commissioner grants approval under Section 151 mechanically without independent application of mind

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Income Tax Department Flags Bank Accounts with Large Savings but low spendings

ITAT Delhi Upholds Foreign Tax Credit Claim Despite Nil Indian Tax Liability Under Section 10A

Direct Tax Collections Show 7% Growth in FY 2025-26 as of November 10, 2025

Mere Payment by Cheque Doesn’t Make Loan Transaction Genuine

Big Win for MakeMyTrip! ITAT Slams Income Tax Reopening After 4 Years, says No Failure to Disclose, No Reassessment

Rajasthan High Court Quashes Reassessment for Mechanical Approval Under Section 151