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ITAT deleted Rs 9.25 lakh of a tax addition after accepting part of a Mumbai taxpayer's family gift claim for cash credit card payments.

Mumbai Taxpayer Gets ITAT Relief in Rs 13.95 Lakh Credit Card Cash Payment Case

NCERT’s new Class 9 textbook introduces income tax, personal finance, investing, saving and budgeting under the new tax regime.

NCERT Introduces Income Tax Lessons in Class 9, Students to Learn New Tax Regime, Tax Slabs and How to Calculate Tax Liability

NU Vista Limited, a wholly owned subsidiary of Nuvoco Vistas Corporation, has received a show cause notice proposing a Rs 24.98 crore tax demand for FY 2022-23.

NU Vista Receives Rs 24.98 Crore Tax Demand Show Cause Notice for FY 2022-23 Over Yield Calculation and Moisture Loss

Lucknow CBI Court convicts four in a Rs 6.37 crore LIC fraud case, sentencing former employee Pankaj Saxena to 10 years and three others to three years in prison.

Lucknow CBI Court Convicts Former LIC Employee, Three Others in Rs 6.37 Crore Fraud Case, Awards Up to 10 Years Rigorous Imprisonment

Ramco Systems’ Philippines subsidiary RSI has settled its FY 2022-23 tax matter by paying a final demand of PHP 3 Mn, significantly lower than the original PHP 72.40 Mn demand.

Ramco Systems’ Philippines Subsidiary Settles Tax Demand at PHP 3 Mn Against Original PHP 72.40 Mn Claim

Maruti Suzuki receives a Rs 149.64 million FY23 tax penalty order and plans to appeal, while saying the financial impact is likely to be insignificant.

Maruti Suzuki India Receives Rs 149.64 million Income Tax Penalty Order for FY23, Says Financial Impact Likely to Be Insignificant

The ITAT Mumbai holds Section 149 first proviso bars reopening of AY 2015-16 beyond six years.


ITAT Quashes Reassessment as Section 148 Notice Issued Beyond Six-Year Limitation

The ITAT Bangalore has allowed tax exemption on BSNL VRS retrenchment compensation and eligible leave encashment, granting major relief to retired employees.

 ITAT Rules BSNL VRS Compensation Exempt from Tax Under Section 10(10B), Grants Leave Encashment Relief

The Central Government has granted an income tax exemption to the Kerala Headload Workers Welfare Board for tax years 2026-27 to 2028-29, subject to compliance with the prescribed conditions under the Income Tax Act, 2025.

Kerala Headload Workers Welfare Board Granted Income Tax Exemption for Three Tax Years

Don't rely on an ITR deadline extension. File early to avoid errors, penalties, and refund delays.

ITR Filing: Why You Shouldn't Rely on a July 31 Deadline Extension

The Income Tax Department has uncovered a Rs 65.5 crore fake tax refund scam involving bogus deduction claims under Section 80GGC. 

Meerut Accountant Accused in Rs 65.5 Crore Income Tax Refund Scam

A professional's viral post about paying nearly Rs 1 crore in taxes but receiving no support after being laid off has reignited the debate on social security and taxpayer benefits in India.

Professional’s Viral Post on Rs 1 Crore Tax Sparks Debate on India’s Social Security

Income Tax

Finance

ICAI

Judgement

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

The ITAT held that CIT(A) should have allowed withdrawal of Appeal after AO deleted entire deemed dividend addition under Section 154.


ITAT Allows Appeal After Section 2(22)(e) Addition of Rs.22.71 Crore Was Deleted in Rectification

ITAT has made e-filing mandatory for appeals and related documents from October 1, 2026, introducing new digital filing, verification and registration requirements.


ITAT Makes E-Filing Mandatory From October 1, 2026; Appeals, Paper Books and Related Documents Must Be Filed Online

The ITAT Delhi held that Mitsubishi Electric Europe’s Rs 2.96 Crore referral income as business income.

Mumbai Taxpayer Gets ITAT Relief in Rs 13.95 Lakh Credit Card Cash Payment Case:

Mumbai Taxpayer Gets ITAT Relief in Rs 13.95 Lakh Credit Card Cash Payment Case

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