Punjab and Haryana HC strikes down Income Tax Act’s Section 147A as unconstitutional
t The Punjab and Haryana High Court struck down the newly inserted Section 147A of the Income Tax Act, 1961,
Income Tax Recent News – 2026
₹34 lakh tax relief for F&O trader: Why ITAT Delhi rejected the ‘speculative loss’ tag
A Mathura-based taxpayer who earned ₹8.64 crore from his real estate trading business and incurred a loss of around ₹34
Rental income not taxable in landowners’ hands when partnership firm is owner of building: ITAT Bangalore
The Bangalore Income Tax Appellate Tribunal (ITAT) has ruled in favour of taxpayers in a dispute over rental income from
Advance tax September 15 deadline nears: What taxpayers should keep in mind
The September 15 deadline for the second instalment of advance tax is approaching, and taxpayers with income from sources such
Income-tax notice after family member’s death? ITAT ruling in ₹8.71 crore case offers key lessons for legal heirs
Taxpayers continue to receive reassessment notices years after filing their original returns, even in cases involving deceased individuals. A landmark
Mumbai ITAT allows tax relief on two flats bought as one home
The Mumbai bench of the Income-Tax Appellate Tribunal (ITAT) has held that two residential flats on different floors of the
Taxpayer chose new tax regime, but consultant filed the wrong form, triggering old regime and Rs 1.23 lakh demand; ITAT orders ITR to be processed under new tax regime and gives relief on tax demand
Filing your own income tax return can be a daunting and tedious process for many. That’s when you hire a
Online Rummy Player Lost Rs 28 Lakh, Tax Officer Added Rs 2.33 Crore To His Income
A Bengaluru man played online rummy and poker with Rs 2.61 crore and received Rs 2.33 crore as winnings. Looked
Rs 8.71 crore income tax notice issued to dead person: ITAT says reassessment invalid
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that a reassessment notice issued in the name
Karnataka emerges as second-largest direct tax contributor after Mumbai, net collections near Rs 1.25 lakh crore
Karnataka has emerged as the second-largest contributor to direct tax collections in the country after Mumbai region, with net collections
