News

The CBDT has integrated foreign financial data received through the AEOI framework directly into the AIS; accordingly, taxpayers can now verify the details before filing their ITRs.

Income Tax Dept Now Auto-Populates Overseas Assets and Income Details in Your AIS

Judgement

The Orissa High Court has held that GST Appellate Authority Must Reconsider Appeal Where Incorrect Tax Classification Causes Prejudice to Taxpayer

High Court Sets Aside GST Appeal Order After Interest Wrongly Shown as Tax in DRC-07

Announcement

The ICAI has temporarily kept the implementation of the Global Networking Guidelines, 2025, in abeyance until further orders, as announced by the CA Firms Committee.

ICAI Puts Implementation of Global Networking Guidelines 2025 on Hold Until Further Orders

Notifications

The CBDT has notified the Cost Inflation Index (CII) at 384 for the Financial Year 2026-27 under the Income Tax Act, 2025, effective from April 2026.

CBDT Notifies Cost Inflation Index (CII) of 384 for FY 2026–27 Under the Income-tax Act, 2025

The ITAT dismissed the assessee's appeal, upholding the disallowance of delayed PF and ESI contributions and declining to re-examine the bonus disallowance issue.

ITAT Dismisses Appeal, Upholds PF and ESI Disallowance for Delayed Deposits Under Section 36(1)(va)

ITAT ruled purchases cannot be disallowed without incriminating search evidence when sales and books remain accepted.

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Income Tax Dept Now Auto-Populates Overseas Assets and Income Details in Your AIS

High Court Sets Aside GST Appeal Order After Interest Wrongly Shown as Tax in DRC-07

ICAI Puts Implementation of Global Networking Guidelines 2025 on Hold Until Further Orders

CBDT Notifies Cost Inflation Index (CII) of 384 for FY 2026–27 Under the Income-tax Act, 2025

ITAT Dismisses Appeal, Upholds PF and ESI Disallowance for Delayed Deposits Under Section 36(1)(va)

ITAT Upholds Deletion of Bogus Purchase Additions Lacking Search Evidence