Articles

The tax authority has released an updated TDS and TCS rate chart for FY 2026-27, detailing revised deduction rates on salary, interest, property, gaming, foreign remittances, and specified goods transactions.

TDS and TCS Rate Chart for Tax Year 2026-2027

Judgement

ITAT remands the Section 54F claim and allows fresh evidence of residential property construction for verification.

Section 54F Claim Revived; ITAT Orders Fresh Verification by AO

ITAT deletes additions holding family jewellery disclosures that exceed seized assets; Section 69A is not applicable.

No Section 69A Addition Where Family Jewellery Exceeds Seized Assets

ITAT remands the case, holding the ex-parte order invalid for ignoring facts and the TDS-based addition.

Ex-Parte CIT(A) Order Quashed; ITAT Remands Rs. 29.95 Lakh Addition

The ITAT deletes addition holding legal advisory services not FTS and no PE in India.

ITAT Rules Legal Services Not FTS; No Tax Without PE

HC quashes tax proceedings, holding pre-CIRP dues extinguished after resolution plan approval under IBC.

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TDS and TCS Rate Chart for Tax Year 2026-2027

Section 54F Claim Revived; ITAT Orders Fresh Verification by AO

No Section 69A Addition Where Family Jewellery Exceeds Seized Assets

Ex-Parte CIT(A) Order Quashed; ITAT Remands Rs. 29.95 Lakh Addition

ITAT Rules Legal Services Not FTS; No Tax Without PE

IBC Overrides Tax Claims; HC Quashes Pre-CIRP Proceedings