Judgement

The ITAT Chennai remands Egberts India’s Rs 15.43 crore additions under Sections 68 and 69 for Fresh Consideration.

ITAT Admits Additional Evidence Relating to Unexplained Cash Credits 

The ITAT Chennai held reassessment beyond three years as invalid without approval from the Competent Authority.


ITAT Quashes Reassessment as Section 148 Approval Was Obtained from PCIT Instead of Pr. CCIT

Articles

The Income Tax Department has released the data on gross direct tax, refunds, and net direct tax collections for the financial year 2026-27 as of October 14, 2026.

Income Tax Dept Releases Data for Direct Tax Collection for FY 2026-27 as of October 14, 2026

Notifications

The Ministry of Finance has notified amendments to the India-Mauritius tax treaty, introducing Article 27B to deny treaty benefits in certain arrangements where obtaining such benefits was one of the principal purposes.

India-Mauritius DTAA Amended to Prevent Tax Avoidance and Treaty Abuse: New Article 27B Introduces Anti-Abuse Rules

CBDT has revised Income Tax Form 161 for penalty waiver applications, introducing new tax calculation requirements and declarations for taxpayers under the Income-tax Act, 2025.

CBDT Revises Form 161 For Penalty Waiver on October 8: Key Changes Taxpayers Should Know

The ITAT Chennai holds That AO can consider other incriminating material found during assessment proceedings.

Explore Our Blogs

ITAT Admits Additional Evidence Relating to Unexplained Cash Credits

ITAT Quashes Reassessment as Section 148 Approval Was Obtained from PCIT Instead of Pr. CCIT

Income Tax Dept Releases Data for Direct Tax Collection for FY 2026-27 as of October 14, 2026

India-Mauritius DTAA Amended to Prevent Tax Avoidance and Treaty Abuse: New Article 27B Introduces Anti-Abuse Rules

CBDT Revises Form 161 For Penalty Waiver on October 8: Key Changes Taxpayers Should Know

ITAT Upholds Section 153C Jurisdiction Based on Seized Material