Direct Tax Collections Cross ₹6.5 Lakh Crore by Mid‑July, Up 16% in FY 2026‑27
India’s direct tax collections for the financial year 2026‑27 have recorded a high growth of 16.4% compared to the same period last year, according...
![Income Tax Assessment Order Operative Only from Date of Signing, Not Date of Preparation: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2026/07/14/2143341-bombay-hc-on-income-tax-assessment-order-by-taxscan.webp "Income Tax Assessment Order Operative Only from Date of Signing, Not Date of Preparation: Bombay HC [Read Order]")
![Cash Deposits Received from Co-operative Society Members During Demonetisation: ITAT Deletes Unexplained Money Addition [Read Order]](https://images.taxscan.in/h-upload/2026/07/14/2143337-cash-depositjpg.webp "Cash Deposits Received from Co-operative Society Members During Demonetisation: ITAT Deletes Unexplained Money Addition [Read Order]")
![Allegation of Unexplained Income rooted in Absence of Legal Heir Certificate: ITAT partly allows appeal after adjusting GP Rate [Read Order]](https://images.taxscan.in/h-upload/2026/07/14/2143325-legal-heir-certificatejpg.webp "Allegation of Unexplained Income rooted in Absence of Legal Heir Certificate: ITAT partly allows appeal after adjusting GP Rate [Read Order]")
![Income Tax Dept cannot make Enhanced Addition without Proper Hearing/SCN: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2026/07/14/2143302-bombay-hc-on-enhanced-tax-addition-by-taxscan.webp "Income Tax Dept cannot make Enhanced Addition without Proper Hearing/SCN: Bombay HC [Read Order]")
Builder’s False ITR Disclosure: Calcutta HC Appoints Arbitrator to Decide Unpaid Owner's Allocation [Read Order]
The Calcutta High Court has allowed a petition under Section 11(6) of the Arbitration and Conciliation Act, 1996, for appointment of an arbitrator to settle a real estate dispute arising from false...
![Builder’s False ITR Disclosure: Calcutta HC Appoints Arbitrator to Decide Unpaid Owners Allocation [Read Order]](https://images.taxscan.in/h-upload/2026/07/13/2143269-builder-false-itr-disclosure-by-taxscan.webp "Builder’s False ITR Disclosure: Calcutta HC Appoints Arbitrator to Decide Unpaid Owners Allocation [Read Order]")
Income Tax Forms 2026: The Ultimate Compliance Checklist for Taxpayers, Employers & CAs [Download Checklist PDF]
The Indian tax regime is ever-changing, and with the arrival of the Assessment Year (AY) 2026-27 (Financial Year 2025-26), the Central Board of Direct Taxes (CBDT) has come up with new Income Tax...
![Income Tax Forms 2026: The Ultimate Compliance Checklist for Taxpayers, Employers & CAs [Download Checklist PDF]](https://images.taxscan.in/h-upload/2026/07/13/2143255-income-tax-forms-2026-compliance-checklist.webp "Income Tax Forms 2026: The Ultimate Compliance Checklist for Taxpayers, Employers & CAs [Download Checklist PDF]")
Govt Approved BSNL VRS Compensation Exempted u/s 10(10B): ITAT Directs Eligibility Verification [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, held that the government had approved the BSNL VoluntaryRetirement Scheme (VRS) compensation exemption under Section 10(10B) and directed...
![Govt Approved BSNL VRS Compensation Exempted u/s 10(10B): ITAT Directs Eligibility Verification [Read Order]](https://images.taxscan.in/h-upload/2026/07/13/2143242-itat-directs-verification-of-bsnl-vrs-exemption-by-taxscan.webp "Govt Approved BSNL VRS Compensation Exempted u/s 10(10B): ITAT Directs Eligibility Verification [Read Order]")
![CBDT notifies No TDS on Payments to 14 Categories of IFSC Units under New Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2026/07/13/2143240-cbdt-notifies-no-tds-for-ifsc-units-by-taxscan.webp "CBDT notifies No TDS on Payments to 14 Categories of IFSC Units under New Income Tax Act [Read Order]")
CBDT Circular Exception Introduced after Appeal Filing cannot be used to Bypass Revised Monetary Limits: Bombay HC [Read Order]
The Bombay High Court has held that the exception introduced under CBDT ( Central Board of Direct Taxes ) circular after filing of the income tax appeal cannot be invoked to bypass the revised...
![CBDT Circular Exception Introduced after Appeal Filing cannot be used to Bypass Revised Monetary Limits: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2026/07/12/2143179-cbdt-2.webp "CBDT Circular Exception Introduced after Appeal Filing cannot be used to Bypass Revised Monetary Limits: Bombay HC [Read Order]")
![CIT(A) Not Empowered to Issue Directions for Invoking Section 148: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/07/11/2143132-cita-not-empowered-to-issue-directions-for-invoking-section-148-itatjpg.webp "CIT(A) Not Empowered to Issue Directions for Invoking Section 148: ITAT [Read Order]")