Redeveloped flats and tax exemption: What the ITAT ruled on taxpayers’ claims
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the sale of a redeveloped flat qualifies
Income Tax Recent News – 2026
Tribunals cannot ignore income tax returns whilst calculating compensation in accident cases, Karnataka high court
Once Income Tax Returns ( ITRs) in respect of the income of the individual is filed, these have to be
Over 4 crore ITRs filed for AY 2026-27; taxpayers urged to beat July 31 deadline
More than 4 crore income tax returns (ITRs) have been filed for the assessment year (AY) 2026-27 so far, the
Property bought using NRI husband’s funds? ITAT deletes ₹80 lakh tax addition
A Mumbai woman has secured relief from the Income Tax Appellate Tribunal (ITAT) after it deleted an addition of ₹80.10
Foreign asset amnesty in limbo, taxpayers in Gujarat seek clarity
Taxpayers with foreign assets are waiting for rules to catch up with a promise made in the Union Budget. A
Gujarat floods: GCCI requests 15-day ITR filing extension
Citing severe monsoon disruptions, the Gujarat Chamber of Commerce and Industry (GCCI) has written to the Central Board of Direct
Income Tax Returns (ITRs) processing picks up pace: 60% of 3.2 crore returns already processed
The Income Tax Department has processed nearly 60% of the more than 3.2 crore Income Tax Returns (ITRs) filed so
Coimbatore Income Tax region tax collections rise to ₹20,635.71 crore; over 14 lakh taxpayers file voluntarily
The Coimbatore region of the income tax department reported a steady rise in gross direct tax collections, increasing from ₹17,350.93
Tax dept building trust with taxpayers, faceless systems to be expanded: Revenue Secretary
The government is working to build a relationship of trust with taxpayers and will further expand faceless tax administration while
Tax laws are made for the living; Income Tax notice to dead person invalid: Allahabad HC
The Allahabad High Court quashed income tax reassessment proceedings against a deceased person, holding that a notice issued after a
