Delhi HC stays Rs 329 cr tax penalty on Vivo Mobile India, seeks I-T dept response
The Delhi High Court on Thursday stayed the recovery of Rs 329 crore penalty imposed by the income tax department […]
Income Tax Recent News – 2025
India’s personal income tax collections now bigger than corporate tax mop-up
Personal income tax collections have surpassed corporate taxes for the first time in India’s history. According to a report by
Provision on search and seizure of digital data even in old Act, only explicitly stated in new Income Tax Act: CBDT Member
The provision of search and seizure, including in the digital sphere, was already there in the Income Tax Act, 1961,
Income tax rules revised: Higher limits for perquisite taxation of salaried individuals
The Central Board of Direct Taxes (CBDT) has notified new income threshold limits for calculating tax-free perquisites (perks) under the
High Court grants bail to Income Tax Officer in ₹25 lakh Bribery Case
The Punjab and Haryana High Court observed that a bail plea filed directly before the High Court can be entertained
ITAT relief: Section 54F exemption allowed despite no deposit in capital gains account scheme
In a relief of homebuyers and tax payers, the Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that that exemption
I-T dept launches crackdown on tax evasion, misuse of CSR donations
In a major crackdown on tax evasion carried out through the non-profit sector, the Income Tax Investigation Unit, Agra, initiated
India’s oldest citizens are increasingly contributing more to govt’s income tax kitty
Income tax paid by India’s oldest citizens is gradually accounting for a larger share of the central government’s total kitty.
Taxman may get more power to demolish benami realty deals
The law to curb benami deals, where faceless persons, slum dwellers, and poor labourers in tribal villages, hold properties worth
No Income Tax on ₹4.5 Crore Land Sale: Patna Woman Wins Relief Under Section 54F Thanks to 1955 CBDT Circular & ITAT Ruling
Patna, June 6, 2025 – In a major relief for taxpayers, the Income Tax Appellate Tribunal (ITAT) Patna has ruled