Judgement

The ITAT held that cash deposits cannot be treated as unexplained merely because they were made in a bank account linked to an old PAN.

Cash Deposits Cannot Be Treated as Unexplained Merely Due to Use of Old PAN: ITAT

News

The Ministry of Corporate Affairs (MCA) is revamping its filing system to make company compliance simpler and more efficient and is inviting public feedback by May 15, 2026.

MCA Proposes Major Overhaul of Filing System; Invites Feedback from Stakeholders till May 15

If Professional tax is paid on time (by 15th March 2026) and the return is filed by 30th April 2026, no late fee will be charged.

Maharashtra GST Department Announces Relief from Late Fees amid Tax Portal glitches

ITAT condoned a 425-day delay on genuine medical grounds and remanded the case to the AO for fresh consideration.

Medical Reasons Accepted: ITAT Grants Relief by Condoning 425-Day Delay

Notifications

This corrigendum does not introduce any new rules, but it only corrects mistakes such as wrong references, spelling errors, typing errors, numbering and formatting issues.

CBDT corrects 76 mistakes in New Income Tax Rules 2026 [Read Notification]

The ITAT held that reassessment proceedings are invalid if no mandatory notice under Section 143(2) is issued after filing ITR in response to Section 148 notice.

Explore Our Blogs

Cash Deposits Cannot Be Treated as Unexplained Merely Due to Use of Old PAN: ITAT

MCA Proposes Major Overhaul of Filing System; Invites Feedback from Stakeholders till May 15

Maharashtra GST Department Announces Relief from Late Fees amid Tax Portal glitches

Medical Reasons Accepted: ITAT Grants Relief by Condoning 425-Day Delay

CBDT corrects 76 mistakes in New Income Tax Rules 2026 [Read Notification]

Reassessment Proceedings Are Invalid Without Section 143(2) Notice, Says ITAT