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ITAT Nullifies Rs. 445 Crore Tax Assessment Proceedings; Holds PCIT Lacked Jurisdiction

ITAT Nullifies Rs. 445 Crore Tax Assessment Proceedings; Holds PCIT Lacked Jurisdiction The ITAT Delhi allowed the assessee’s appeal, holding the case transfer itself invalid....

Delhi HC Directs Actor Rajpal Yadav To Surrender in Cheque Bounce Case After Repeated Payment Settlement Failures

Delhi HC Directs Actor Rajpal Yadav To Surrender in Cheque Bounce Case After Repeated Payment Settlement Failures Bollywood Actor Rajpal Yadav is facing great trouble...

Union Budget 2026-27: Penalty Proposed for Non-Reporting and Misreporting of Crypto Transactions

Union Budget 2026-27: Penalty Proposed for Non-Reporting and Misreporting of Crypto Transactions With the release of the Union Budget 2026-27 on February 01, the government...

ITAT Quashes MAT Rectification Order; Debatable MAT Computation Cannot Be Revised u/s 154

ITAT Quashes MAT Rectification Order; Debatable MAT Computation Cannot Be Revised u/s 154 The ITAT quashed the MAT rectification order, holding that issues involving the...

Union Budget 2026-27 Focuses on Easier Tax Rules and Long-Term Relief for Middle Class

Union Budget 2026-27 Focuses on Easier Tax Rules and Long-Term Relief for Middle Class The Union Finance Minister, Smt. Nirmala Sitharaman, through Budget 2026-17, has...

Budget 2026-27: No Change to Income Tax Rates and Slabs, Focus Shifts to Simpler Compliance

Budget 2026-27: No Change to Income Tax Rates and Slabs, Focus Shifts to Simpler Compliance The Union Finance Minister, Smt. Nirmala Sitharaman presented the Budget 2026-27...

CBI Catches Income Tax Stenographer Red-Handed While Accepting Bribe of Rs. 1.5 Lakh in Chennai

CBI Catches Income Tax Stenographer Red-Handed While Accepting Bribe of Rs. 1.5 Lakh in Chennai The Central Bureau of Investigation (CBI) has officially disclosed through...

Who Has Jurisdiction in Reassessment? Govt Clarifies AO and NaFAC Roles under Sections 148 and 148A

Who Has Jurisdiction in Reassessment? Govt Clarifies AO and NaFAC Roles under Sections 148 and 148A The Income-tax Act, 1961, has laid down two steps...

Union Budget 2026-27: Finance Ministry Proposes Major Overhaul to MAT Provisions for Companies

Union Budget 2026-27: Finance Ministry Proposes Major Overhaul to MAT Provisions for Companies The Finance Minister of India, Smt. Nirmala Sitharaman presented the Union Budget 2026-27...

Historic US-India Trade Deal: Trump and Modi Promise Zero Tariffs and Massive Purchases

Historic US-India Trade Deal: Trump and Modi Promise Zero Tariffs and Massive Purchases A post has recently been shared from the official platform 'X' account...

Big Relief for NRIs: Foreign Income to Remain Tax-Free When Working on Govt Schemes from 2026

Big Relief for NRIs: Foreign Income to Remain Tax-Free When Working on Govt Schemes from 2026 The new income tax rules 2025 currently grant tax...

Updated Income Tax Return Made More Taxpayer-Friendly; Changes Effective from April 2026

Updated Income Tax Return Made More Taxpayer-Friendly; Changes Effective from April 2026 The Income-tax Act, 2025, includes a detailed framework to furnish income tax returns...

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