Judgement

Tribunal confirms that AO failed to examine valuation report for cost of acquisition, rendering assessment erroneous and prejudicial to Revenue

ITAT Upholds Section 263 Revision: FMV of Land Valuation Found Unsupported and Unverified

Articles

To align with the new Act, the income tax department is revising all the forms used under the Income Tax Act, such as the quarterly TDS return forms and the ITR forms

Income Tax Act 2025: Updated ITR Forms and Rules to be Notified by January 2026

News

While speaking about the refund delays, he said that the department has found that many taxpayers are fraudulently claiming refunds.

Extra checks for Large Income Tax Refunds this year: CBDT Chairman

High Court remands Filatex India’s reassessment case for AY 2014-15, directing the AO to re-evaluate surviving limitation under the Supreme Court’s ruling in Rajeev Bansal.

Income Tax: Delhi HC Remands back Reopening of Case to Re-examine Time Limitation

High Court quashes Section 148A(3) order and Section 148 notice issued to Michael & Susan Dell Foundation, remanding the matter for fresh consideration within six weeks.

Delhi HC Quashes Reassessment Notice for Mechanical Reopening of Case without Considering Taxpayer's Reply

The Allahabad High Court granted bail to a businessman accused of a Rs. 32 crore fake GST ITC fraud, noting the case is fully documentary and the trial will take time.

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ITAT Upholds Section 263 Revision: FMV of Land Valuation Found Unsupported and Unverified

Income Tax Act 2025: Updated ITR Forms and Rules to be Notified by January 2026

Extra checks for Large Income Tax Refunds this year: CBDT Chairman

Income Tax: Delhi HC Remands back Reopening of Case to Re-examine Time Limitation

Delhi HC Quashes Reassessment Notice for Mechanical Reopening of Case without Considering Taxpayer's Reply

Allahabad HC Grants Bail in Rs. 32 Crore GST Fake ITC Case, Citing Documentary Evidence and Delay in Trial