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As per the Income Tax Department, the changes proposed in the Income Tax Bill only focus on simplifying the law and removing the unnecessary and outdated provisions.

Are There any Changes in Tax Rates Under Income Tax Bill 2025?

Since the AO did not issue the notice as per the prescribed revised format, the notice is invalid and unenforceable in law.

ITAT Delhi Quashes Assessment for Invalid 143(2) Notice Not in CBDT Prescribed Format

Officials are directed to find the cases where LIFO has been used, as many jewellers are accused of wrongly benefiting from the increased price of gold to avoid tax payment.

Income Tax Department Starts Action Against Jewellers Using Accounting LIFO to Pay Less Tax

Judgement

ITAT Delhi upholds CIT(A) order deleting 11.23 crore addition, as amount pertained to capital goods of earlier year

ITAT Upholds Deletion of 11.23 Cr Addition on Trade Payables

Woman wins Mumbai ITAT case, legally avoids capital gains tax on Rs 6 crore property sale by reinvesting in husband’s name under Section 54 exemption.

Woman Sells Two Gifted Flats Worth Rs. 6 Crore and Pays No Tax on Capital Gain of Rs. 4.21 Crore [Read ITAT Order]

Know the income tax benefits and deductions under the New Tax Regime and the Old Tax Regime for FY 2024-25 and FY 25-26 as well

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Are There any Changes in Tax Rates Under Income Tax Bill 2025?

ITAT Delhi Quashes Assessment for Invalid 143(2) Notice Not in CBDT Prescribed Format

Income Tax Department Starts Action Against Jewellers Using Accounting LIFO to Pay Less Tax

ITAT Upholds Deletion of 11.23 Cr Addition on Trade Payables

Woman Sells Two Gifted Flats Worth Rs. 6 Crore and Pays No Tax on Capital Gain of Rs. 4.21 Crore [Read ITAT Order]

ITR Filing: Tax Deductions and Exemptions Under Old vs New Tax Regime