LG Electronics India gets ITAT order deleting ₹1,305 Cr tax additions
LG Electronics India Limited received a favorable order from the Income Tax Appellate Tribunal (ITAT) on July 29, 2026, which deleted […]
Income Tax Recent News – 2026
Declared Australian salary in Indian ITR by mistake? Delhi ITAT says it can’t be taxed under DTAA
A Delhi taxpayer who mistakenly reported his Australian salary as taxable income in his Indian income tax return (ITR) has
No assessment on whether higher tobacco taxes hurt farmers’ incomes: Govt
The Union government on Tuesday told Parliament that it does not have any assessment on whether higher taxation on tobacco
Income tax portal MSP penalised multiple times over delays, outages and service lapses: Government
The Centre has confirmed that the managed service provider (MSP) for the Income Tax Department’s e-filing portal has faced multiple
Billionaires in India rise fourfold to 576 in five years in 2025-26: Income tax return data
The Parliament was informed on Monday that up to 576 persons reported gross total income of Rs 100 crore or
ITR filing mistake: ITAT deletes ₹17.41 lakh penalty after CA firm’s affidavit proves clerical error
A Mumbai taxpayer has secured relief from a ₹17.41 lakh penalty after the Income Tax Appellate Tribunal (ITAT) held that
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
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
