Notifications

The Central Board of Direct Taxes has notified Updated Income Tax Return to update income/reduce loss within 48 months in line with Finance Act 2026.

ITR-U: CBDT Releases Updated Income Tax Return to update income/reduce loss within 48 months

News

File your ITR-U before March 31 to correct past errors, disclose missed income, and avoid higher additional tax penalties.

Last Chance: File Your ITR-U Before March 31 or Pay Higher Penalties

Judgement

The Karnataka High Court ruled that genuine tax exemption claims should not be denied due to technical errors, condoning the delay in filing the ITR for AY 2017-18.

ITR Delay Condoned: Karnataka High Court Protects Trust's Legitimate Tax Exemption Rights

Tribunal removes non-comparable entities, directs recomputation of transfer pricing adjustment for assessee relief

ITAT Excludes Government and Diversified Entities as TP Comparables, Grants Relief

Reopening u/s 147 held invalid where material originates from search on another entity; entire reassessment set aside

ITAT Holds Section 153C Prevails Over Section 147 in Search-Based Reopening Cases

The High Court of Karnataka directed the Bengaluru PCIT to consider the petitioner's delay-condonation plea under Section 119(2)(b).

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ITR-U: CBDT Releases Updated Income Tax Return to update income/reduce loss within 48 months

Last Chance: File Your ITR-U Before March 31 or Pay Higher Penalties

ITR Delay Condoned: Karnataka High Court Protects Trust's Legitimate Tax Exemption Rights

ITAT Excludes Government and Diversified Entities as TP Comparables, Grants Relief

ITAT Holds Section 153C Prevails Over Section 147 in Search-Based Reopening Cases

Communication Quashed After PAN Jurisdiction Change: Bengaluru HC Grants Relief