Judgement

High Court quashed a special audit order, holding that approval without a mandatory DIN under CBDT Circular 19/2019 is invalid, and the proceedings are void.

Income Tax: High Court Held Section 142 Special Audit Proceedings Void in Absence of DIN

News

Budget 2026 may bring simpler tax filing, possible deductions, and faster refunds for taxpayers.

Budget 2026 Alert: Will Nirmala Sitharaman Ease Tax Burden Again?

ITAT held that MOU receipts received without ownership or rights in land are taxable as income from other sources and upheld reopening under Section 147.

MOU Receipts Taxable as ‘Income from Other Sources’ Where Assessee Had No Land Rights: ITAT

The ITAT holds that CSR-driven environmental activities do not qualify as charitable purpose under the Income-tax Act where the dominant and exclusive benefit accrues to the promoter company, despite incidental environmental benefits.

ITAT Denies 12AB & 80G to Infosys Green Forum: CSR Is Not Charity, Even If It Incidentally Saves the Environment

The High Court rules that delay in statutory audit appointment and audit completion constitutes genuine hardship, condoning late ITR filing and directing tax authorities to adopt a liberal, justice-oriented approach under Section 119(2)(b).

Audit Delay Is Genuine Hardship: High Court Condones Late ITR Filing, Urges Liberal Approach

Shares received on amalgamation can be taxed as business income if held as stock-in-trade

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Income Tax: High Court Held Section 142 Special Audit Proceedings Void in Absence of DIN

Budget 2026 Alert: Will Nirmala Sitharaman Ease Tax Burden Again?

MOU Receipts Taxable as ‘Income from Other Sources’ Where Assessee Had No Land Rights: ITAT

ITAT Denies 12AB & 80G to Infosys Green Forum: CSR Is Not Charity, Even If It Incidentally Saves the Environment

Audit Delay Is Genuine Hardship: High Court Condones Late ITR Filing, Urges Liberal Approach

Supreme Court Rules on Taxability of Shares in Amalgamation: Stock-in-Trade vs. Capital Assets