News

The draft rules, 2026, require employees to inform their relation with the landlord in Form No. 124 when claiming HRA.

New IT Rules 2026: Mandatory Disclosure of 'Relationship with Landlord' for HRA Claims

Judgement

The HC held that the company is entitled to interest on its income tax refund under Section 244A, ruling that such interest cannot be denied unless the delay is clearly attributable to the assessee.

Interest on Income Tax Refund a Legal Right; Denial Permissible Only if Assessee Caused Delay: HC

The petitioner company contended that the situation was beyond its control and the order passed by the AO violated the principles of natural justice.

Delhi High Court Quashes Best Judgment Assessment as Company Was Under Insolvency Process

Supreme Court of India dismissed the CIT’s Special Leave Petition due to an unexplained 558-day delay and imposed a cost of Rs. 50,000 payable.

Supreme Court Dismisses 558-Day Delayed Special Leave Petition, Imposes Rs. 50,000 Cost on CIT

Supreme Court Dismisses 558-Day Delayed SLP, Imposes Rs. 50,000 Cost on Income Tax Department

For under-construction flat, date of possession, not agreement date, determines eligibility under Section 54

ITAT: Date of Possession, Not Agreement, Relevant for Capital Gains Exemption on Under-Construction Flat

Articles

The Government clarifies that Section 247 does not give the income tax department any new or extra powers beyond what already exists for search operations.

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New IT Rules 2026: Mandatory Disclosure of 'Relationship with Landlord' for HRA Claims

Interest on Income Tax Refund a Legal Right; Denial Permissible Only if Assessee Caused Delay: HC

Delhi High Court Quashes Best Judgment Assessment as Company Was Under Insolvency Process

Supreme Court Dismisses 558-Day Delayed SLP, Imposes Rs. 50,000 Cost on Income Tax Department

ITAT: Date of Possession, Not Agreement, Relevant for Capital Gains Exemption on Under-Construction Flat

Can Tax Authorities Access Your Emails and Chats? Government Clarifies Scope of Section 247