Delhi HC pauses judges’ ITR processing amid tax exemption row
The Delhi High Court has instructed the income tax department not to process the returns of judges of the High
Income Tax Recent News – 2026
Income Tax Section 50C: Sold property for ₹94 lakh despite ₹1.93 crore stamp value; ITAT Chennai grants tax relief
A Chennai taxpayer who sold property for ₹94 lakh despite a stamp-duty value of ₹1.93 crore has won relief from
Tax liability of entities filing ITR rises threefold in 5 years to ₹1,043 cr in AY26
The total income tax liability of entities filing income tax return ITR-7 was ₹1,043 crore in Assessment Year 2025-26, about
Govt To Soon Notify Rules For Online Lower Or Nil TDS Certificate Applications: MoS Finance Pankaj Chaudhary
The Income Tax Department is in the process of framing rules to implement a key provision from the Union Budget
Gratuity tax deduction of ₹79.25 lakh denied over wrong ITR schedule, ITAT Chennai rules in taxpayer’s favour
A company that lost a ₹79.25 lakh gratuity deduction because of an error in its income tax return has won
‘From ₹14.12 lakh crore to ₹23.40 lakh crore in 5 years’: How govt is tightening the tax net
The government has stepped up efforts to curb tax evasion and improve compliance through tighter reporting requirements, data-based monitoring and
Can’t use I-T revision plea to bypass deadline for revising returns: Supreme Court
The Supreme Court has ruled that a revision petition under Section 264 of the Income Tax Act cannot serve as
Calcutta High Court bins ‘conditional order’ that upheld Rs 1.23 crore tax blow to firm
The procedural machinery of law must remain a “handmaid to justice rather than its mistress”, the Calcutta High Court said
₹1.33 crore cash deposit, no ITR filing: How a retired teacher won his income tax case at ITAT Bangalore
A retired school teacher from Mysore who had deposited ₹1.33 crore in cash across bank accounts and had not filed an
REITs set to gain tax flexibility, cash flow boost under new Bill
Real Estate Investment Trusts (REITs) are set to gain greater tax flexibility and potentially lower cash tax outgo, with the Taxation
