Notifications

CBDT has mandated a standardised 26-character UIN system and quarterly e-filing process for Form 121 declarations where tax is not deducted, effective April 1, 2026.

CBDT Mandates Structured UIN System for Form 121 (Earlier Form 15G & 15H) Declarations: Effective April 01, 2026

Judgement

ITAT ruled that unsupported claims and lack of evidence for Rs 80 lakh cash deposits during demonetisation justify treating them as unexplained income and upheld the tax addition.

No Evidence, No Relief: ITAT Upholds Rs 80 Lakh Addition in Unexplained Cash Credits Case

ITAT restored Section 11 exemption, holding that denial based on late Form 10B filing without granting a hearing was invalid and violated principles of natural justice.

ITAT Quashes Rectification Order, Restores Section 11 Exemption Over Late Form 10B Filing

News

The CBDT has granted income tax exemption to Haryana’s District Legal Services Authority, aiming to support legal aid services and reduce financial burden.

CBDT Confers Income Tax Exemption Status to Haryana District Legal Services Authority

A regulatory disclosure was issued by Federal Bank regarding an income tax refund received following an ITAT order, detailing background, recalculation, refund amount, interest, and compliance with SEBI regulations.

Federal Bank Limited Gets Rs 322.63 Crore Income Tax Refund For AY 2016-17

A Central Bureau of Investigation court in Chennai convicted seven accused, sentencing them to four years' imprisonment after fake income tax refunds caused a Rs 2.38 crore loss between 2015 and 2019 due to fraud.

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CBDT Mandates Structured UIN System for Form 121 (Earlier Form 15G & 15H) Declarations: Effective April 01, 2026

No Evidence, No Relief: ITAT Upholds Rs 80 Lakh Addition in Unexplained Cash Credits Case

ITAT Quashes Rectification Order, Restores Section 11 Exemption Over Late Form 10B Filing

CBDT Confers Income Tax Exemption Status to Haryana District Legal Services Authority

Federal Bank Limited Gets Rs 322.63 Crore Income Tax Refund For AY 2016-17

CBI Court Convicts Seven Individuals, Including Police Inspector, in Income Tax Refund Fraud