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 […]
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
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
CBDT Releases Comprehensive Guidance Note on Crypto-Asset Reporting Obligations under the Income-tax Act, 2025
The Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, has released a comprehensive Guidance Note on
CBDT Releases Annual APA Report for FY 2025-26; Records Highest-Ever Signing of 220 Advance Pricing Agreements
The Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, has released the Annual Report of India’s
CBDT Notifies New ITR-BN for Filing Income-tax Returns in Block Assessment Cases
The Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, has notified the Income-tax (Third Amendment) Rules,
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
CBDT Releases Revised Guidance Note on FATCA and CRS to Strengthen Automatic Exchange of Financial Account Information
The Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, has released a comprehensive and revised Guidance
Supreme Court affirms the constitutional validity of Section 16(2)(c) of the CGST Act – No ITC to the recipient unless the supplier actually deposits tax to the Government
The Hon’ble Supreme Court in Bhandari Scrap Traders v. Union of India & Ors. [SLP (C) No. 23931 of 2026
SC backs taxpayers, rules out GST on GIDC industrial lease rights transfer
The Supreme Court on July 21 ruled in favour of taxpayers by dismissing the Centre’s special leave petitions (SLPs) against
