News

IOB has clarified that it does not expect any impact on its financial operations or other activities.

Indian Overseas Bank Slapped With Huge Income Tax Demand of Rs 642.74 Crores for AY 2016-17

Judgement

ITAT Visakhapatnam quashed a Rs 2.14 crore reassessment after holding that a delayed Section 143(2) notice renders the entire proceeding invalid.

ITAT Holds Section 143(2) Notice within statutory period Mandatory in Reassessment; Quashes Order For Being Time-Barred

Seven people, including a senior tax assistant, were sentenced to four years in prison for carrying out a fake income tax refund scam worth Rs 2.38 crore.

IT Refund Fraud: CBI Court Gives 4-Year Jail to Seven Accused in Rs 2.38 Crore Fraud

Notifications

The CBDT has notified income tax exemption to CJM-cum-District Legal Services Authority, Fatehabad, subject to prescribed conditions.

CBDT Notifies Section 10(46) Exemption for Legal Services Authority in Haryana

The CBDT has notified the Urban Improvement Trust for income tax exemption under Section 10(46A) of the Income-tax Act, 1961, effective from AY 2026-27.

CBDT Notifies Urban Improvement Trust for Income Tax Exemption under Section 10(46A)

Articles

Taxpayers were given the opportunity to correct errors or report missed income through ITR-U, helping them avoid notices and penalties by paying additional tax within the allowed time.

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Indian Overseas Bank Slapped With Huge Income Tax Demand of Rs 642.74 Crores for AY 2016-17

ITAT Holds Section 143(2) Notice within statutory period Mandatory in Reassessment; Quashes Order For Being Time-Barred

IT Refund Fraud: CBI Court Gives 4-Year Jail to Seven Accused in Rs 2.38 Crore Fraud

CBDT Notifies Section 10(46) Exemption for Legal Services Authority in Haryana

CBDT Notifies Urban Improvement Trust for Income Tax Exemption under Section 10(46A)

Last Chance Before March 31: Correct Your Return with ITR-U and Avoid Heavy Penalties