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Supreme Court Upholds Gujarat HC Order Quashing Income Tax Reassessment Against Adani Wilmar, Dismisses Revenue’s SLP
The Supreme Court of India has dismissed the appeal filed by the Income Tax Department against Adani Wilmar Limited, upholding the judgment of the...
![Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order]](https://images.taxscan.in/h-upload/2026/02/03/250x150_2123555-standard-assets-eligible-deduction-us-36-1viia-itat-quashes-income-tax-proceedings-against-bajaj-finance-taxscan.webp "Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order]")
![“Targeted Departmental Vendetta, Mala Fide Actions”: Supreme Court Sets Aside ITAT Accountant Member Selection, Orders Fresh SCSC for Ex-Army Officer [Read Order]](https://images.taxscan.in/h-upload/2026/02/01/250x150_2122841-targeted-departmental-vendetta-mala-fide-actions-supreme-court-sets-aside-itat-accountant-member-selection-orders-fresh-scsc-for-ex-army-officer-taxscan.webp "“Targeted Departmental Vendetta, Mala Fide Actions”: Supreme Court Sets Aside ITAT Accountant Member Selection, Orders Fresh SCSC for Ex-Army Officer [Read Order]")
![Income Tax Department Releases FAQs on Direct Tax Proposals in Budget 2026 [Read FAQs]](https://images.taxscan.in/h-upload/2026/02/02/250x150_2123352-union-budget-2026-budget-scan-2026-income-tax-department-faqs-direct-tax-proposals-budget-2026-faqs-direct-tax-faq-income-tax-faqs-taxscan.webp "Income Tax Department Releases FAQs on Direct Tax Proposals in Budget 2026 [Read FAQs]")
![Budget 2026 Amends PAN Provision to Cover ‘Other Transactions’ Under New Income Tax Act [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/250x150_2123112-budget-2026-amends-pan-provision-cover-transactions-under-new-income-tax-act-taxscan.webp "Budget 2026 Amends PAN Provision to Cover ‘Other Transactions’ Under New Income Tax Act [Read Finance Bill 2026]")
Budget 2026-27: Revision in Penalty and Prosecution Framework under Income Tax Act, Ensuring Relief to Taxpayers
The Union Budget for the Financial Year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today. Among the key proposals, the budget introduced major changes to...
Budget 2026: Income Tax Assessments Not to be Invalidated for DIN Errors, New Section Added [Read Finance Bill 2026]
The Union Budget for the Financial Year 2026–27 was presented by Finance MinisterNirmala Sitharaman in the Lok Sabha today (Sunday, 1 February 2026). The Finance Bill, 2026 proposes to insert a...
![Budget 2026: Income Tax Assessments Not to be Invalidated for DIN Errors, New Section Added [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2122956-budget-2026-income-tax-assessments-din-errors-taxscan-budgetscan.webp "Budget 2026: Income Tax Assessments Not to be Invalidated for DIN Errors, New Section Added [Read Finance Bill 2026]")
![New Income Tax Law to be implemented from 1st April, 2026: All You Need to Know [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2122938-new-income-tax-law-taxscan-budgetscan-.webp "New Income Tax Law to be implemented from 1st April, 2026: All You Need to Know [Read Finance Bill 2026]")
