News

Around 24.64 lakh ITR remain unprocessed for over 90 days due to technology-driven risk checks.

ITR Processing Backlog: Why Lakhs of Taxpayers Are Still Waiting for Refund

Judgement

Waiver of foreign creditor liability offered to tax in later year; addition for AY 2013-14 held unsustainable

ITAT Deletes Addition; Holds Mere Long Outstanding Liability Does Not Amount to Cessation

ITAT dismissed both the assessee’s and Revenue’s appeals as infructuous due to an ongoing IBC moratorium.

Appeals Dismissed as Infructuous Due to Ongoing IBC Proceedings and Moratorium: ITAT

The ITAT ruled that notices and the consequential assessment order passed in the name of the dead entity are invalid if the AO is aware of the amalgamation.

Assessment Order Cannot Be Passed Against Non-Existent Entity: ITAT Rules in Favour of Bank of Baroda

Transfer pricing order quashed as violation of natural justice for non-furnishing of relied-upon royalty agreements

Delhi High Court Sets Aside TPO Order for Failure to Supply Comparable Agreements

Articles

Draft 2026 rules introduce higher exemptions and updated allowances, making the old regime attractive for salaried taxpayers.

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ITR Processing Backlog: Why Lakhs of Taxpayers Are Still Waiting for Refund

ITAT Deletes Addition; Holds Mere Long Outstanding Liability Does Not Amount to Cessation

Appeals Dismissed as Infructuous Due to Ongoing IBC Proceedings and Moratorium: ITAT

Assessment Order Cannot Be Passed Against Non-Existent Entity: ITAT Rules in Favour of Bank of Baroda

Delhi High Court Sets Aside TPO Order for Failure to Supply Comparable Agreements

Income Tax Rules 2026: Key Changes That May Revive Old Tax Regime