Judgement

ITAT held that the Rs. 1.62 crore adjustment made under Section 143(1) without reasons or notice was illegal and deleted the addition, fully allowing the company’s appeal.

ITAT Quashes Rs. 1.62 Crore Adjustment Made Without Giving Proper Reason or Issuance of Notice

News

Rising adoption of the new tax regime could shape further income tax changes in Budget 2026

Union Budget 2026: Middle-Class Tax Relief May Continue as New Tax Regime Gains Ground

ITAT set aside the CIT(A)’s denial of Section 11 exemption due to late filing of Form 10B and remanded the matter to the AO for fresh consideration.

ITAT Restores Section 11 Exemption Claim, Directs Fresh Examination After Late Form 10B Filing

Notifications

The Central Board of Indirect Taxes and Customs has clarified that amended Health Security se National Security Cess Act, 2025 scheduled to effect from Feb 1.

CBIC Notifies Health Security se National Security Cess Rules, 2026; Effective Feb 1

GST officials busted multi-state fake invoice racket, where bogus firms in Karnataka & Tamil Nadu claimed wrongful ITC without any actual supply of goods.

Karnataka GST Scam Uncovered: Rs 1,464 Crore Fraud Involving Fake Invoices Across States

Articles

The Excel utilities for filing the Updated Return in ITR-1 to ITR-7 for Assessment Year (AY) 2025-26 are now available for download on the official Income Tax Department website.

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ITAT Quashes Rs. 1.62 Crore Adjustment Made Without Giving Proper Reason or Issuance of Notice

Union Budget 2026: Middle-Class Tax Relief May Continue as New Tax Regime Gains Ground

ITAT Restores Section 11 Exemption Claim, Directs Fresh Examination After Late Form 10B Filing

CBIC Notifies Health Security se National Security Cess Rules, 2026; Effective Feb 1

Karnataka GST Scam Uncovered: Rs 1,464 Crore Fraud Involving Fake Invoices Across States

ITR Filing AY 2025-26: Income Tax Dept Notifies Excel Utilities for Filing Updated Return in ITR-1 to ITR-7