Notifications

The amendment corrects a formatting Issue in part A (General Information) of Form ITR-U (Updated Income Tax Return).

CBDT notifies new changes in Form ITR-U [Read Notification]

Judgement

Penalty under Section 271(1)(c) cannot be imposed where an addition is based purely on estimation without concrete evidence of concealment.

ITAT Deletes Penalty Where Additions Are Based on Estimation Alone

News

Form 141 is a unified challan-cum-statement that simplifies multiple PAN-based TDS payments into a single, easy-to-use form effective from April 1, 2026.

Goodbye Multiple TDS Forms! IT Dept Notifies New Unified Form 141; Effective April 2026

Articles

An Ajmer washerman received income tax notice for transactions worth Rs 598 crore. A lost PAN card was allegedly used, and a police investigation is underway regarding a case of identity fraud.

Ajmer Washerman Receives Rs 598 Crore Income Tax Notice, Case of Fake Transaction Using a Lost PAN Card

Ajmer's Washerman Receives Rs 598 Crore Income Tax Notice, Case of Fake Transaction Using a Lost PAN Card

ITAT Mumbai allows foreign tax credit, holding delay in Income Tax Form 67 filing as procedural lapse only

Delay in Form 67 Filing Not Fatal; ITAT Allows FTC Claim to Actor Sachin Shrikant Khedekar

One of the biggest improvements is a single dashboard where users can see all important tax-related details in one place Such as Form 26AS, Annual Information Statement (AIS), and TDS credit information.

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CBDT notifies new changes in Form ITR-U [Read Notification]

ITAT Deletes Penalty Where Additions Are Based on Estimation Alone

Goodbye Multiple TDS Forms! IT Dept Notifies New Unified Form 141; Effective April 2026

Ajmer's Washerman Receives Rs 598 Crore Income Tax Notice, Case of Fake Transaction Using a Lost PAN Card

Delay in Form 67 Filing Not Fatal; ITAT Allows FTC Claim to Actor Sachin Shrikant Khedekar

TRACES 2.0: New Income Tax Portal Makes TDS Compliance Easier for Taxpayers