Judgement

ITAT holds assessment order erroneous and prejudicial where AO failed to properly apply Rule 8D and ignored Insight Portal information

Revision Upheld for Inadequate Inquiry on Section 14A Disallowance and Alleged Accommodation Entries

News

The department suggested that the profit recorded by the company during the period by the Securities and Exchange Board of India (SEBI) must be taxed in India as a capital gain.

Income Tax Department to Invoke GAAR Against Jane Street for Alleged Tax Evasion

The CBDT has prepared the Draft Income Tax Rules and Forms, 2026, scheduled to take effect along with the New Income Tax Act 2025 from April 01, 2026.

Income Tax Breaking: CBDT Releases Draft Income Tax Rules and Forms 2026

Reopening under Sections 148A and 148 struck down as AO travelled beyond show-cause notice

HC Quashes Income Tax Reassessment for Alleged GST Component in Bogus Purchases

The High Court agreed with the contentions of the appellant, observing that the negative reports received by the department were not shared with the appellant, resulting in the violation of natural justice.

Form-C Benefit Rejection Without Sharing Negative Report to Appellant Violates Natural Justice: Gujarat HC

Articles

A comprehensive guide on major changes in Income Tax Return (ITR) fees, deadlines, forms, and rule revisions for FY 2026-27.

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Revision Upheld for Inadequate Inquiry on Section 14A Disallowance and Alleged Accommodation Entries

Income Tax Department to Invoke GAAR Against Jane Street for Alleged Tax Evasion

Income Tax Breaking: CBDT Releases Draft Income Tax Rules and Forms 2026

HC Quashes Income Tax Reassessment for Alleged GST Component in Bogus Purchases

Form-C Benefit Rejection Without Sharing Negative Report to Appellant Violates Natural Justice: Gujarat HC

Revised ITR Rules from FY 2026-27: Fees, Deadlines, and Key Changes Explained